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A Salford-headquartered golf firm has revealed its financial performance in the final three months of 2020, the same year it was bought by a German industry giant.

Regional private equity investment management firm Foresight Group, which has worked with Clubhouse Golf since its original investment in 2017, announced the sale to All4golf in April 2020.

Documents filed with Companies House in January 2021 revealed Clubhouse Golf's turnover for the year to September 30, 2020, totalled £39.4m, up from £25.3m, while its pre-tax profits were £3.5m, a rise from £2.4m.

Now the business has revealed that it achieved a turnover of £15.3m for the three months to December 31, 2020, and pre-tax profits of £2.3m.

According to its website, Clubhouse Golf is the º£½ÇÊÓƵ's largest independent online retailer of the sport's equipment.

Speaking in April 2020, Clubhouse Golf's chief executive Ben Reeves said: "Foresight has supported Clubhouse on its journey to become the º£½ÇÊÓƵ’s leading online retailer for golf enthusiasts.

"We’ve exceeded our own expectations and couldn’t be happier with the help and guidance we’ve received from Foresight.

"We are excited to be partnering with all4golf for the next part of our journey. Their industry knowledge and experience will be invaluable."

At the time, Foresight said the deal was the first exit for the £58m Foresight Regional Investment, which supports small businesses in the North West.

Since the fund made its original investment in February 2017, Clubhouse has more than doubled its revenue to almost £30m, with strong growth in the º£½ÇÊÓƵ and a successful expansion into the European market.

The exit, terms of which are undisclosed, delivered six times return for the fund’s investors, the firm added

Clubhouse also said it has increased staff numbers by 50% since Foresight’s investment.