argos limited

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argos limited Company Information

Share ARGOS LIMITED

Company Number

01081551

Shareholders

argos holdings limited

Group Structure

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Industry

Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

 +3

Registered Address

33 holborn, london, EC1N 2HT

argos limited Estimated Valuation

£1.9b

Pomanda estimates the enterprise value of ARGOS LIMITED at £1.9b based on a Turnover of £4.2b and 0.46x industry multiple (adjusted for size and gross margin).

argos limited Estimated Valuation

£736.2m

Pomanda estimates the enterprise value of ARGOS LIMITED at £736.2m based on an EBITDA of £168.3m and a 4.38x industry multiple (adjusted for size and gross margin).

argos limited Estimated Valuation

£1.1b

Pomanda estimates the enterprise value of ARGOS LIMITED at £1.1b based on Net Assets of £453.7m and 2.38x industry multiple (adjusted for liquidity).

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Argos Limited Overview

Argos Limited is a live company located in london, EC1N 2HT with a Companies House number of 01081551. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in November 1972, it's largest shareholder is argos holdings limited with a 100% stake. Argos Limited is a mature, mega sized company, Pomanda has estimated its turnover at £4.2b with declining growth in recent years.

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Argos Limited Health Check

Pomanda's financial health check has awarded Argos Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £4.2b, make it larger than the average company (£8.5m)

£4.2b - Argos Limited

£8.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (9.4%)

-3% - Argos Limited

9.4% - Industry AVG

production

Production

with a gross margin of 4%, this company has a higher cost of product (35.8%)

4% - Argos Limited

35.8% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (4.5%)

0.9% - Argos Limited

4.5% - Industry AVG

employees

Employees

with 7731 employees, this is above the industry average (71)

7731 - Argos Limited

71 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.5k, the company has a higher pay structure (£29.5k)

£63.5k - Argos Limited

£29.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £546.6k, this is more efficient (£144k)

£546.6k - Argos Limited

£144k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (24 days)

1 days - Argos Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 45 days, this is slower than average (30 days)

45 days - Argos Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 63 days, this is in line with average (60 days)

63 days - Argos Limited

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (17 weeks)

3 weeks - Argos Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 84.9%, this is a higher level of debt than the average (59.7%)

84.9% - Argos Limited

59.7% - Industry AVG

ARGOS LIMITED financials

EXPORTms excel logo

Argos Limited's latest turnover from March 2024 is £4.2 billion and the company has net assets of £453.7 million. According to their latest financial statements, Argos Limited has 7,731 employees and maintains cash reserves of £128.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Feb 2016Feb 2015Mar 2014Mar 2013Mar 2012Feb 2011Feb 2010
Turnover4,225,449,0004,155,979,0004,176,559,0004,676,925,0004,201,625,0004,240,797,0004,162,557,0004,285,775,0003,995,930,0003,919,176,0003,872,446,0003,752,634,0003,749,910,0004,012,064,0004,164,475,000
Other Income Or Grants185,000
Cost Of Sales4,055,745,0003,898,483,0003,160,915,0003,513,428,0003,237,848,0003,231,581,0003,195,052,0003,258,782,0002,999,768,0002,914,025,0002,903,533,0002,801,243,0002,785,416,0002,961,587,0003,042,451,000
Gross Profit169,889,000257,496,0001,015,644,0001,163,497,000963,777,0001,009,216,000967,505,0001,026,993,000996,162,0001,005,151,000968,913,000951,391,000964,494,0001,050,477,0001,122,024,000
Admin Expenses131,248,000225,866,000899,012,0001,198,566,0001,075,916,0001,075,442,0001,096,448,0001,028,616,0001,151,187,000923,107,000908,140,000848,553,000906,044,000871,647,000935,326,000
Operating Profit38,641,00031,630,000116,632,000-35,069,000-112,139,000-66,226,000-128,943,000-1,623,000-155,025,00082,044,00060,773,000102,838,00058,450,000178,830,000186,698,000
Interest Payable9,755,0009,926,00031,797,00037,854,00041,845,00029,814,00027,482,00024,543,00026,790,00028,375,00026,335,00027,886,00091,516,00071,187,00045,010,000
Interest Receivable8,459,0006,072,00013,841,00012,248,00038,541,00010,200,0001,252,0003,455,0003,278,0009,554,0002,366,00050,101,00050,224,00043,313,000
Pre-Tax Profit37,345,00027,776,00084,835,000-59,082,000-141,736,000-57,868,000-145,305,000-25,664,000-178,360,00097,146,00043,992,00075,462,00017,035,000157,867,000227,851,000
Tax-8,331,0003,656,000-32,799,0001,191,000-15,502,000693,000-14,465,00019,037,0001,586,000-22,718,000-16,243,000-23,266,000-26,230,000-43,469,000-67,240,000
Profit After Tax29,014,00031,432,00052,036,000-57,891,000-157,238,000-57,175,000-159,770,000-6,627,000-176,774,00074,428,00027,749,00052,196,000-9,195,000114,398,000160,611,000
Dividends Paid348,324,000
Retained Profit29,014,00031,432,00052,036,000-57,891,000-157,238,000-57,175,000-159,770,000-6,627,000-525,098,00074,428,00027,749,00052,196,000-9,195,000114,398,000160,611,000
Employee Costs490,624,000401,361,000421,402,000449,257,000390,285,000440,074,000426,153,000468,038,000408,677,000386,682,000390,320,000369,416,000428,943,000433,040,000507,950,000
Number Of Employees7,7317,04510,27221,02712,53125,80826,61128,13928,31327,39927,08627,59629,12831,00031,615
EBITDA*168,260,000174,448,000273,276,000154,270,00085,980,00046,684,000-23,510,000114,538,000-53,080,000179,025,000150,630,000189,507,000144,614,000267,864,000280,738,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Feb 2016Feb 2015Mar 2014Mar 2013Mar 2012Feb 2011Feb 2010
Tangible Assets180,299,000195,609,000512,288,000541,936,000610,707,000256,122,000242,530,000196,200,000231,795,000254,893,000266,911,000796,075,000822,762,000813,792,000838,581,000
Intangible Assets308,656,000336,239,00058,829,00068,404,000156,399,000167,594,000196,791,000220,131,000265,265,000220,625,000189,988,000139,614,000154,976,000143,978,000128,459,000
Investments & Other368,840,000620,392,000581,993,000292,642,000376,811,000154,144,000154,144,000154,144,000154,144,000478,144,000478,144,000488,860,000486,414,000485,482,000484,069,000
Debtors (Due After 1 year)804,991,0007,412,0001,511,00041,676,00016,383,00041,019,00043,342,00057,156,00018,056,00035,757,00030,943,00028,387,00036,983,000
Total Fixed Assets1,662,786,0001,159,652,0001,154,621,000944,658,0001,160,300,000618,879,000636,807,000627,631,000669,260,000989,419,000965,986,000935,689,000977,738,000957,770,000967,040,000
Stock & work in progress701,238,000692,301,000691,606,000595,488,000709,613,000811,660,000776,678,000754,637,000755,378,000704,108,000656,032,000684,412,000683,173,000772,674,000684,217,000
Trade Debtors15,627,00019,665,00024,653,00028,965,00028,241,00019,863,00033,933,00020,040,00027,201,00013,405,00011,311,00016,760,00012,748,00023,483,00026,492,000
Group Debtors408,631,0003,117,421,0002,484,263,0002,029,965,0001,245,818,0001,265,817,0001,341,902,0001,562,214,0001,556,047,0001,881,495,0001,515,636,0001,541,289,0001,328,086,0001,565,597,0001,098,506,000
Misc Debtors83,256,00080,089,000122,270,00083,754,00079,278,00054,652,00063,169,00074,710,000103,437,00087,314,00057,773,00054,977,00048,271,00039,427,00043,475,000
Cash128,517,00081,464,00091,689,00063,564,00053,611,00061,228,00051,346,00044,972,00016,465,00017,924,00075,072,00044,766,00031,800,00028,633,00056,387,000
misc current assets1,014,00028,466,00032,989,0002,233,0005,827,0006,651,0001,699,00035,368,00052,092,00023,824,000524,00031,066,0005,822,0004,251,00086,230,000
total current assets1,338,283,0004,019,406,0003,447,470,0002,803,969,0002,122,388,0002,219,871,0002,268,727,0002,491,941,0002,510,620,0002,728,070,0002,316,348,0002,373,270,0002,109,900,0002,434,065,0001,995,307,000
total assets3,001,069,0005,179,058,0004,602,091,0003,748,627,0003,282,688,0002,838,750,0002,905,534,0003,119,572,0003,179,880,0003,717,489,0003,282,334,0003,308,959,0003,087,638,0003,391,835,0002,962,347,000
Bank overdraft35,287,00090,963,000123,251,00098,772,000205,879,000128,279,000263,663,00053,664,00041,241,00039,456,000345,202,0007,203,000
Bank loan
Trade Creditors 503,065,000611,192,000523,086,000599,506,000470,838,000508,689,000511,465,000461,181,000516,560,000399,439,000328,645,000340,296,000304,175,000296,889,000303,977,000
Group/Directors Accounts1,417,978,0003,280,605,0002,511,321,0001,754,855,0001,336,429,0001,144,386,0001,103,194,0001,098,485,0001,101,659,0001,092,549,0001,033,062,000
other short term finances13,430,0007,003,00012,247,00050,096,00018,360,0004,281,00021,502,000760,0002,240,000
hp & lease commitments63,612,00080,454,00080,113,00087,810,00084,542,0003,429,0002,142,000158,000
other current liabilities209,387,000279,035,000416,121,000476,331,000368,554,000348,570,000382,225,000365,373,000369,428,000384,537,000402,296,0001,415,220,0001,257,995,0001,292,247,000491,246,000
total current liabilities2,207,472,0004,258,289,0003,542,888,0003,003,885,0002,369,686,0002,132,606,0002,119,300,0002,131,076,0002,116,686,0002,142,428,0001,817,667,0001,796,757,0001,601,626,0001,934,338,000802,426,000
loans1,252,0003,069,000
hp & lease commitments275,004,000297,723,000316,802,000346,163,000367,747,00014,984,0006,925,000630,000
Accruals and Deferred Income16,437,00016,882,00017,979,00015,193,00016,019,00015,742,00018,008,000
other liabilities239,00020,929,00020,564,000846,643,000
provisions63,374,000120,598,000134,001,00091,616,00044,357,00022,082,00030,221,00016,035,00015,070,00022,966,00011,345,000209,610,000279,978,00046,866,000108,824,000
total long term liabilities339,869,000421,390,000450,803,000437,779,000412,104,000178,844,000215,179,000252,081,000124,837,000151,882,000102,625,000122,813,000160,918,00043,997,000901,055,000
total liabilities2,547,341,0004,679,679,0003,993,691,0003,441,664,0002,781,790,0002,311,450,0002,334,479,0002,383,157,0002,241,523,0002,294,310,0001,920,292,0001,919,570,0001,762,544,0001,978,335,0001,703,481,000
net assets453,728,000499,379,000608,400,000306,963,000500,898,000527,300,000571,055,000736,415,000938,357,0001,423,179,0001,362,042,0001,389,389,0001,325,094,0001,413,500,0001,258,866,000
total shareholders funds453,728,000499,379,000608,400,000306,963,000500,898,000527,300,000571,055,000736,415,000938,357,0001,423,179,0001,362,042,0001,389,389,0001,325,094,0001,413,500,0001,258,866,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Feb 2016Feb 2015Mar 2014Mar 2013Mar 2012Feb 2011Feb 2010
Operating Activities
Operating Profit38,641,00031,630,000116,632,000-35,069,000-112,139,000-66,226,000-128,943,000-1,623,000-155,025,00082,044,00060,773,000102,838,00058,450,000178,830,000186,698,000
Depreciation39,683,00054,104,000127,738,000146,781,000148,608,00053,656,00046,233,00052,649,00053,328,00056,721,00058,327,00057,695,00061,100,00061,100,00067,368,000
Amortisation89,936,00088,714,00028,906,00042,558,00049,511,00059,254,00059,200,00063,512,00048,617,00040,260,00031,530,00028,974,00025,064,00027,934,00026,672,000
Tax-8,331,0003,656,000-32,799,0001,191,000-15,502,000693,000-14,465,00019,037,0001,586,000-22,718,000-16,243,000-23,266,000-26,230,000-43,469,000-67,240,000
Stock8,937,000695,00096,118,000-114,125,000-102,047,00034,982,00022,041,000-741,00051,270,00048,076,000-28,380,0001,239,000-89,501,00088,457,000684,217,000
Debtors-1,912,082,000591,890,000448,337,000814,640,000-11,631,000-100,995,000-231,774,0009,379,000-313,230,000402,308,000-25,750,000215,325,000-202,419,000460,034,0001,168,473,000
Creditors-108,127,00088,106,000-76,420,000128,668,000-37,851,000-2,776,00050,284,000-55,379,000117,121,00070,794,000-11,651,00036,121,0007,286,000-7,088,000303,977,000
Accruals and Deferred Income-69,648,000-137,086,000-60,210,000107,777,0003,547,000-34,100,00015,755,000-1,269,000-15,935,000-17,482,000-1,015,190,000175,233,000-34,252,000801,001,000491,246,000
Deferred Taxes & Provisions-57,224,000-13,403,00042,385,00047,259,00022,275,000-8,139,00014,186,000965,000-7,896,00011,621,000-198,265,000-70,368,000233,112,000-61,958,000108,824,000
Cash flow from operations1,828,075,000-476,864,000-398,223,000-261,350,000172,127,00068,375,000251,983,00069,254,000303,756,000-229,144,000-1,036,589,00090,663,000616,450,000407,859,000-735,145,000
Investing Activities
capital expenditure-86,726,000-103,549,000-117,421,000-32,573,000-541,509,000-97,305,000-128,423,000-35,432,000-123,487,000-115,600,000388,933,000-44,620,000-106,132,000-79,764,000-1,061,080,000
Change in Investments-251,552,00038,399,000289,351,000-84,169,000222,667,000-324,000,000-10,716,0002,446,000932,0001,413,000484,069,000
cash flow from investments164,826,000-141,948,000-406,772,00051,596,000-764,176,000-97,305,000-128,423,000-35,432,000200,513,000-115,600,000399,649,000-47,066,000-107,064,000-81,177,000-1,545,149,000
Financing Activities
Bank loans
Group/Directors Accounts-1,862,627,000769,284,000756,466,000418,426,000192,043,00041,192,0004,709,000-3,174,0009,110,00059,487,0001,033,062,000
Other Short Term Loans 6,427,000-5,244,000-37,849,00031,736,00014,079,000-17,221,00021,502,000-760,000-1,480,0002,240,000
Long term loans-1,817,0003,069,000
Hire Purchase and Lease Commitments-39,561,000-18,738,000-37,058,000-18,316,000433,876,0009,346,0008,279,000788,000
other long term liabilities239,000-20,929,000365,000-826,079,000846,643,000
share issue-74,665,000-140,453,000249,401,000-136,044,000130,836,00013,420,000-5,590,000-195,315,00040,276,000-13,291,000-55,096,00012,099,000-79,211,00040,236,0001,098,255,000
interest-1,296,000-3,854,000-31,797,000-24,013,000-29,597,0008,727,000-17,282,000-23,291,000-23,335,000-25,097,000-16,781,000-25,520,000-41,415,000-20,963,000-1,697,000
cash flow from financing-1,973,300,000604,064,000899,163,000271,789,000741,237,00055,464,00011,618,000-221,752,00024,571,00023,339,000961,185,000-34,350,000-120,261,000-806,806,0001,943,201,000
cash and cash equivalents
cash47,053,000-10,225,00028,125,0009,953,000-7,617,0009,882,0006,374,00028,507,000-1,459,000-57,148,00030,306,00012,966,0003,167,000-27,754,00056,387,000
overdraft-35,287,000-55,676,000-32,288,00024,479,000-107,107,00077,600,000-135,384,000209,999,00012,423,0001,785,000-305,746,000337,999,0007,203,000
change in cash47,053,000-10,225,00063,412,00065,629,00024,671,000-14,597,000113,481,000-49,093,000133,925,000-267,147,00017,883,00011,181,000308,913,000-365,753,00049,184,000

argos limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Argos Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for argos limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in EC1N area or any other competitors across 12 key performance metrics.

argos limited directors

Argos Limited currently has 5 directors. The longest serving directors include Mr Simon Roberts (Oct 2019) and Mr Nicholas Mills-Hicks (Oct 2019).

officercountryagestartendrole
Mr Simon RobertsUnited Kingdom54 years Oct 2019- Director
Mr Nicholas Mills-HicksUnited Kingdom53 years Oct 2019- Director
Mr Mark GivenUnited Kingdom48 years May 2020- Director
Ms Blathnaid BerginUnited Kingdom49 years Jan 2022- Director
Mr Graham Biggart38 years Feb 2024- Director

P&L

March 2024

turnover

4.2b

+2%

operating profit

38.6m

+22%

gross margin

4.1%

-35.11%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

453.7m

-0.09%

total assets

3b

-0.42%

cash

128.5m

+0.58%

net assets

Total assets minus all liabilities

argos limited company details

company number

01081551

Type

Private limited with Share Capital

industry

47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

82200 - Activities of call centres

47190 - Other retail sale in non-specialised stores

incorporation date

November 1972

age

53

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

argos distributors limited (August 1999)

accountant

-

auditor

ERNST & YOUNG LLP

address

33 holborn, london, EC1N 2HT

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

-

argos limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to argos limited. Currently there are 2 open charges and 2 have been satisfied in the past.

argos limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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argos limited Companies House Filings - See Documents

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