Loss-making AGDC Holdings, the parent company of Warrington-based American Golf, has teed up a significant increase in turnover despite an 8.9% fall in participation in the sport, buying time for at least another 12 months of trading.

In the year to January 22, 2017, the company’s revenue increased from £114.1m to £131.8m, but the it still made a pre-tax loss of £2.53m albeit down from the £4.42m loss of the prior year, mitigated by exceptional income of £609,000.

The company underwent a restructure and refinancing with its bankers and shareholder in March 2015.

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