Yorkshire Golf Business Launches New Course with HSBC Support
Story published at 13:22, Monday, August 22nd, 2016
Yorkshire-based Adventure Golf Limited, designer and creator of themed golf courses for retail and tourist destinations, has launched a new ‘Miami style’ golf course after securing a £120,000 loan from HSBC.
The golf course, which is Adventure Golf’s first such site, is located at Cadbury, a Wyevale Garden Centre near Congresbury, Bristol. The business has strong growth plans and expects the site to turnover upwards of £200,000 in its first year.
The start-up business has used a combination of HSBC financing and an Enterprise Finance Guarantee (EFG) to launch the site and expects to roll out nine additional golf courses across the UK by the end of 2017.
Aimed mainly at families, all sites, including the golf course at Cadbury, will offer ricochet-style golf where the ball constantly remains in play. The sites will also feature adventure-themed visuals such as dinosaurs and pirates, as well as rafts and caves to allow a range of creatively designed spaces for players to explore.
The construction of the golf course led to the creation of 12 new jobs.
Neil Kimberley, Commercial Designer and Owner of Adventure Golf Limited, said: “While running a golf course can be very profitable, it takes significant investment to bring it to life, especially for a start-up like Adventure Golf. HSBC has enabled us to do just that. By taking the time to understand the business concept and recommending an innovative financial solution that helped us launch our first golf course, HSBC has been instrumental in helping us achieve our business goal.”
Phil Look, HSBC’s Area Director for Business Banking in North Yorkshire, said: “We are committed to supporting British start-ups like Adventure Golf realise their growth ambitions, and it is good to see a small business come up with a proposition that can really cater to the UK’s growing leisure market. The new golf course in Bristol is a unique project that has immense potential for growth, and we are proud to help it take its first steps towards success.”
Adventure Golf Limited www.adventuregolflimited.com