Social Enterprise Policy

PadelPro New Zealand Limited has been established by Mark and Walter Todd.  

Mark and Walter firmly believe that business should make the world a better place.  They are inspired by the likes of Patagonia and movies like Bank of Dave. They see the linkage between a fun sport for all like padel and social and community objectives.

In keeping with this outlook, 50% of any profits generated by PadelPro will be used to support causes we believe in.  Those could include things like the City Missions, making sport available to less privileged members of our society, supporting independent journalism and combating climate change.

We are not sure quite sure how this will work or when any funds will be available.  PadelPro will need to repay the interest free start up funding provided by Mark and also reinvest for growth.

However, as soon as funds become available for distribution to shareholders (Mark and Walter), 50% of those funds will be donated.

Although this could change (for example if one of us became employed by the company), neither Mark nor Walter intend to take any remuneration out of PadelPro except by way of shareholder distribution.

We will provide updates of donations made on our websites.

June 2023

NB Please note that the 50% is calculated from the profits of PadelPro New Zealand itself not our overall New Zealand business, which is a collaboration between Game4Padel (https://www.game4padel.com) and PadelPro New Zealand.