Globally, Alvarez & Marsal Inc. employ 8,000 people across 77 offices in 35 countries and is 40 years in business. A&M SWB Holding Ltd last year recorded the operating profits after revenues almost tripled from €4.68m to €12.36m.

The operating profits of €3.14m is more than a six-fold increase on the operating profits of €452,585 in 2021. After paying interest payments of €2.6m, the firm last year recorded pre-tax profits of €524,820. 

The company recorded no corporation tax charge in 2022 and 2021. The pre-tax profits of €524,820 for 2022 compare to pre-tax losses of €2.2m in 2021. The firm’s cost of sales last year totalled €1.9m while administrative expenses totalled €7.28m.

The directors state that "the company operates a private golf club at the premium end of the international golf market”. They add that the company is engaged in a continuous investment in its facilities to retain its status.

The directors further add that "in 2023, we expect to continue to maintain a strong focus on delivering an exceptional golf experience to our members and their guests”.

The consolidated balance sheet for the business shows that it had shareholder funds of €55.7m at the end of December 2022. This takes account of accumulated losses of €22.75m offset by called-up share capital of €78.46m.

The group’s cash funds decreased from €2.37m to €2.14m. The profit for 2022 takes account of non-cash depreciation costs of €2.6m.

Numbers employed by the business increased from 66 in 2021 to 96 last year with staff costs increasing sharply from €2.2m to €4.76m last year. Pay to directors last year increased from €208,833 to €256,750 made up of remuneration of €250,000 and pension contributions of €6,750.

The book value of tangible assets is made up of €38.62m on buildings, €5.57m on the golf course, €2.2m on land along with €5.5m on fixtures and fittings.

The firm last year continued its investment with €1.45m spent on the purchase of tangible fixed assets and €1.1m on the purchase of investment property.