Foremost Golf has been named as a Best Trading Partner by financial analysis experts Plimsoll in their latest examination of the UK’s Golf Equipment Industry.
With both their turnover and profit having increased consistently over the last five years, Foremost featured as one of the best performing companies in nine categories and were awarded a financial rating of ‘Strong’ which is the highest accolade awarded by Plimsoll, meaning the company is in excellent financial health.
Plimsoll are widely regarded as industry leaders in the company financial analysis sector, providing single-page snapshot analyses of business performance that accounts alone struggle to give.
Plimsoll has revolutionised the way industry and financial analysis is reported, with its online tool TALAT (Take A Look At That) providing Foremost with the ability to further understand the golf equipment market and its competitors.
Foremost’s 2015 figures confirmed a record year in terms of sales and gross margin growth, with the retail and marketing group continuing to provide innovative solutions, including its Elite Marketing Programme (EMP) which has been at the epicentre of the support it has provided to its members, and has seen them buck the trend of struggling golf retailers.
Commenting on the announcement, Foremost CEO Paul Hedges said, “It’s a real feather in our cap to have been named by Plimsoll as Golf Equipment Best Trading Partner, as it further reinforces our position as the largest golf retail and marketing group in the UK.
“While accounts are a fairly good indicator of our yearly finances, Plimsoll’s tools provide us with the ability to further scrutinise our financial performance in order to identify further areas of improvement,” continued Hedges.