{"name":"PING EUROPE LIMITED","company_number":"01129505","status":"Active","type":"Private Limited Company","incorporated":"1973-08-16","dissolved":null,"registered_office":"Ping Europe, Corringham Road, Gainsborough, England, DN21 1XZ","postcode":"DN21 1XZ","sic_codes":[{"code":32300,"description":"Manufacture of sports goods"},{"code":46900,"description":"Non-specialised wholesale trade"}],"principal_activity":"The principal activities of the group in the year under review was that of assembly and distribution of golfing equipment, apparel and accessories, and the running of a golf and leisure complex.","previous_names":[{"name":"KARSTEN (U.K.) LIMITED","changed_on":"1999-07-29"}],"warnings":[],"accounts":{"category":"Group","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":318,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","profit_loss":7984865,"net_assets":35258829,"cash":21278904,"average_employees":318},{"financial_date":"2024-12-31","profit_loss":2664069,"net_assets":27359384,"cash":7417798,"average_employees":305},{"financial_date":"2023-12-31","profit_loss":7178426,"net_assets":28844593,"cash":9757321,"average_employees":295},{"financial_date":"2022-12-31","net_assets":26820916,"cash":5830557},{"financial_date":"2021-12-31","net_assets":21349187,"cash":13657711}],"officers":{"current":6,"resigned":14,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"PING Europe Limited is in strong financial health, earning an A grade: record turnover of £113.4m (+16.9%), operating profit more than doubled to £10.2m, net assets rose to £35.3m and cash built to £21.3m, with no evidence of bank borrowing and cash covering roughly 94% of all liabilities. The principal vulnerabilities are a thin and volatile margin — operating margin swung from 4.1% to 9.0% on broadly similar sales, showing high operating leverage — a slight 0.6pp erosion in gross margin, and heavy dependence on its US parent for ownership, supply and commercial terms. The outlook is positive provided management defends gross margin above 40%, puts the substantial cash balance to deliberate use, and formalises related-party arrangements following the 2025 ownership change.","website":"http://pingeurope.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/ping-europe","people":"https://www.companiesintheuk.co.uk/company/ping-europe/people","filing_history":"https://www.companiesintheuk.co.uk/company/ping-europe/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/01129505","financials":"https://www.companiesintheuk.co.uk/company/ping-europe/financial","control":"https://www.companiesintheuk.co.uk/company/ping-europe/control","charges":"https://www.companiesintheuk.co.uk/company/ping-europe/charges","pay_gap":"https://www.companiesintheuk.co.uk/company/ping-europe/pay-gap","ai_analysis":"https://www.companiesintheuk.co.uk/company/ping-europe/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/ping-europe"}