Trade Golf Supplies Ltd, one of the UK’s leading independent golf equipment retailers, has secured £350,000 in funding from the River Capital Business Growth Loan Fund.
Established in 1976 and headquartered in Rainford, St Helens, Trade Golf operates under the retail name Clarkes’ Golf and is led by father and son duo Dave and Chris Clarke. The company has three retail locations across the North West as well as a thriving e-commerce business that generates around 70% of its sales through www.clarkesgolf.co.uk both domestically and globally.
With the business having grown significantly in recent years, aided by investments in its online platform, retail locations, and training facilities the funding will be used for working capital and stock purchases to meet the growing demand of its customers.
The company currently employs 48 staff, including several registered PGA professionals, and expects to create a further 5 new jobs as a result of the new funding from River Capital.
David Clarke, founder and majority shareholder, said: “This funding from River Capital will allow us to streamline our borrowing and move away from short-term online lending facilities. It provides working capital to ensure we can meet supplier payments and maintain our large product inventory, which is key to our success in this competitive market.”
River Capital investment manager Jim Moore added: “Trade Golf has an excellent reputation for customer service and has positioned itself well to capitalise on the rising popularity of golf through its retail locations and e-commerce capabilities. We now look forward to watching the continued success of Trade Golf and wish them well.”
