Thompson reports strong financial position
Wells Golf Club financial director William Thompson completed his first year in office with a robust set of trading figures.
In a confident presentation he reported the club had continued the trend of recent years by achieving strong financial results for 2012.
The club made an annual surplus of £26k and also reduced borrowings in the year by £28k. These excellent figures are a result of efficient cost controls and good housekeeping.
This past year has been noted by all for its unseasonal, inclement weather which had a direct effect on green-fee income but the excellent trading figures show just how well the club coped with and managed the situation.
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Thompson reported that strong foundations had been laid for the year ahead with above average bookings for society, charity and corporate days and commented that the high standard of catering at the club was an integral part of its business development.
At this early stage in the year new member recruitment is comfortably ahead of budget and the same applies to green- fee income.