suk retail limited
suk retail limited Company Information
Company Number
02430955
Next Accounts
2226 days late
Shareholders
suk oldco limited
Group Structure
View All
Industry
Retail sale of newspapers and stationery in specialised stores
Registered Address
c/o teneo financial advisory lim, the colmore building, birmingham, B4 6AT
Website
https://www.officeoutlet.comsuk retail limited Estimated Valuation
Pomanda estimates the enterprise value of SUK RETAIL LIMITED at £126.5m based on a Turnover of £213.9m and 0.59x industry multiple (adjusted for size and gross margin).
suk retail limited Estimated Valuation
Pomanda estimates the enterprise value of SUK RETAIL LIMITED at £77m based on an EBITDA of £12.4m and a 6.24x industry multiple (adjusted for size and gross margin).
suk retail limited Estimated Valuation
Pomanda estimates the enterprise value of SUK RETAIL LIMITED at £56.5m based on Net Assets of £14.6m and 3.86x industry multiple (adjusted for liquidity).
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Suk Retail Limited Overview
Suk Retail Limited is a live company located in birmingham, B4 6AT with a Companies House number of 02430955. It operates in the retail sale of newspapers and stationery in specialised stores sector, SIC Code 47620. Founded in October 1989, it's largest shareholder is suk oldco limited with a 100% stake. Suk Retail Limited is a mature, mega sized company, Pomanda has estimated its turnover at £213.9m with declining growth in recent years.
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Suk Retail Limited Health Check
Pomanda's financial health check has awarded Suk Retail Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £213.9m, make it larger than the average company (£393.6k)
£213.9m - Suk Retail Limited
£393.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.9%)
-2% - Suk Retail Limited
1.9% - Industry AVG
Production
with a gross margin of 47.8%, this company has a lower cost of product (28.5%)
47.8% - Suk Retail Limited
28.5% - Industry AVG
Profitability
an operating margin of 3.6% make it more profitable than the average company (1.9%)
3.6% - Suk Retail Limited
1.9% - Industry AVG
Employees
with 1048 employees, this is above the industry average (51)
1048 - Suk Retail Limited
51 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)
£29.6k - Suk Retail Limited
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £204.1k, this is more efficient (£151.8k)
£204.1k - Suk Retail Limited
£151.8k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (12 days)
7 days - Suk Retail Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (34 days)
25 days - Suk Retail Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is more than average (60 days)
82 days - Suk Retail Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (16 weeks)
4 weeks - Suk Retail Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.5%, this is a lower level of debt than the average (86.8%)
71.5% - Suk Retail Limited
86.8% - Industry AVG
SUK RETAIL LIMITED financials
Suk Retail Limited's latest turnover from May 2017 is £213.9 million and the company has net assets of £14.6 million. According to their latest financial statements, Suk Retail Limited has 1,048 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2017 | Jan 2016 | Jan 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 213,882,000 | 198,090,000 | 219,622,000 | 227,367,000 | 267,794,000 | 287,534,000 | 315,896,000 | 339,415,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 111,657,000 | 103,055,000 | 115,451,000 | 123,400,000 | 145,702,000 | 153,805,000 | 177,114,000 | 188,843,000 |
| Gross Profit | 102,225,000 | 95,035,000 | 104,171,000 | 103,967,000 | 122,092,000 | 133,729,000 | 138,782,000 | 150,572,000 |
| Admin Expenses | 94,449,000 | 78,502,000 | 108,895,000 | 112,198,000 | 180,657,000 | 129,115,000 | 142,640,000 | 143,849,000 |
| Operating Profit | 7,776,000 | 16,533,000 | -4,724,000 | -8,231,000 | -58,565,000 | 4,614,000 | -3,858,000 | 6,723,000 |
| Interest Payable | 1,713,000 | 5,181,000 | 2,762,000 | 392,000 | 267,000 | 476,000 | 422,000 | 778,000 |
| Interest Receivable | 1,000 | 1,000 | 47,000 | 1,597,000 | 1,622,000 | 1,014,000 | 673,000 | 212,000 |
| Pre-Tax Profit | 6,604,000 | -21,713,000 | -7,552,000 | -7,061,000 | -59,725,000 | 5,152,000 | -3,607,000 | 6,157,000 |
| Tax | ||||||||
| Profit After Tax | 6,604,000 | -21,713,000 | -7,552,000 | -7,061,000 | -59,725,000 | 5,152,000 | -3,607,000 | 6,157,000 |
| Dividends Paid | ||||||||
| Retained Profit | 6,604,000 | -21,713,000 | -7,552,000 | -7,061,000 | -59,725,000 | 5,152,000 | -3,607,000 | 6,157,000 |
| Employee Costs | 31,059,000 | 26,804,000 | 29,621,000 | 31,294,000 | 36,700,000 | 39,882,000 | 42,058,000 | 43,411,000 |
| Number Of Employees | 1,048 | 1,232 | 1,283 | 1,290 | 1,498 | 1,599 | 1,711 | 1,756 |
| EBITDA* | 12,350,000 | 21,108,000 | -609,000 | -4,051,000 | -53,616,000 | 10,022,000 | 2,390,000 | 14,042,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2017 | Jan 2016 | Jan 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,656,000 | 17,983,000 | 22,524,000 | 20,440,000 | 21,375,000 | 27,554,000 | 30,538,000 | 35,340,000 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | 123,000 | 10,567,000 | 29,679,000 | 28,099,000 | ||||
| Total Fixed Assets | 11,656,000 | 17,983,000 | 22,647,000 | 31,007,000 | 51,054,000 | 55,653,000 | 30,538,000 | 35,340,000 |
| Stock & work in progress | 25,367,000 | 41,895,000 | 48,585,000 | 48,462,000 | 40,222,000 | 41,505,000 | 42,401,000 | 43,642,000 |
| Trade Debtors | 4,408,000 | 8,368,000 | 9,252,000 | 10,540,000 | 8,188,000 | 9,377,000 | 12,981,000 | 11,223,000 |
| Group Debtors | 1,139,000 | 3,000 | 424,000 | 607,000 | 3,055,000 | 28,340,000 | 633,000 | |
| Misc Debtors | 7,439,000 | 9,480,000 | 9,341,000 | 6,514,000 | 6,837,000 | 7,405,000 | 6,648,000 | 6,288,000 |
| Cash | 2,490,000 | 2,905,000 | 3,057,000 | 4,030,000 | 2,635,000 | 17,259,000 | 10,563,000 | 38,261,000 |
| misc current assets | ||||||||
| total current assets | 39,704,000 | 63,787,000 | 70,238,000 | 69,970,000 | 58,489,000 | 78,601,000 | 100,933,000 | 100,047,000 |
| total assets | 51,360,000 | 81,770,000 | 92,885,000 | 100,977,000 | 109,543,000 | 134,254,000 | 131,471,000 | 135,387,000 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 7,889,000 | 9,762,000 | 13,581,000 | 13,104,000 | 13,814,000 | 19,594,000 | 15,754,000 | 14,464,000 |
| Group/Directors Accounts | 8,018,000 | 50,265,000 | 45,259,000 | 42,620,000 | 5,184,000 | 2,317,000 | 44,063,000 | 7,074,000 |
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 12,424,000 | 12,373,000 | 13,072,000 | 10,935,000 | 11,746,000 | 14,658,000 | 17,778,000 | 18,680,000 |
| total current liabilities | 28,331,000 | 72,400,000 | 71,912,000 | 66,659,000 | 30,744,000 | 36,569,000 | 77,595,000 | 40,218,000 |
| loans | 5,366,000 | 39,778,000 | 72,614,000 | 81,067,000 | 82,659,000 | 81,346,000 | 43,603,000 | 81,822,000 |
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 1,502,000 | 1,483,000 | 688,000 | 704,000 | 742,000 | 725,000 | 1,008,000 | 2,054,000 |
| other liabilities | ||||||||
| provisions | 1,520,000 | 3,232,000 | 4,404,000 | 10,312,000 | 46,407,000 | 7,682,000 | 7,451,000 | 7,109,000 |
| total long term liabilities | 8,388,000 | 44,493,000 | 77,706,000 | 92,083,000 | 129,808,000 | 89,753,000 | 52,062,000 | 90,985,000 |
| total liabilities | 36,719,000 | 116,893,000 | 149,618,000 | 158,742,000 | 160,552,000 | 126,322,000 | 129,657,000 | 131,203,000 |
| net assets | 14,641,000 | -35,123,000 | -56,733,000 | -57,765,000 | -51,009,000 | 7,932,000 | 1,814,000 | 4,184,000 |
| total shareholders funds | 14,641,000 | -35,123,000 | -56,733,000 | -57,765,000 | -51,009,000 | 7,932,000 | 1,814,000 | 4,184,000 |
| May 2017 | Jan 2016 | Jan 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 7,776,000 | 16,533,000 | -4,724,000 | -8,231,000 | -58,565,000 | 4,614,000 | -3,858,000 | 6,723,000 |
| Depreciation | 4,574,000 | 4,575,000 | 4,115,000 | 4,180,000 | 4,949,000 | 5,408,000 | 6,248,000 | 7,319,000 |
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | -16,528,000 | -6,690,000 | 123,000 | 8,240,000 | -1,283,000 | -896,000 | -1,241,000 | 43,642,000 |
| Debtors | -7,140,000 | 268,000 | -9,326,000 | -17,266,000 | -2,625,000 | -33,000 | 29,825,000 | 18,144,000 |
| Creditors | -1,873,000 | -3,819,000 | 477,000 | -710,000 | -5,780,000 | 3,840,000 | 1,290,000 | 14,464,000 |
| Accruals and Deferred Income | 70,000 | 96,000 | 2,121,000 | -849,000 | -2,895,000 | -3,403,000 | -1,948,000 | 20,734,000 |
| Deferred Taxes & Provisions | -1,712,000 | -1,172,000 | -5,908,000 | -36,095,000 | 38,725,000 | 231,000 | 342,000 | 7,109,000 |
| Cash flow from operations | 32,503,000 | 22,635,000 | 5,284,000 | -32,679,000 | -19,658,000 | 11,619,000 | -26,510,000 | -5,437,000 |
| Investing Activities | ||||||||
| capital expenditure | 37,000 | -3,045,000 | ||||||
| Change in Investments | ||||||||
| cash flow from investments | 37,000 | -3,045,000 | ||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | -42,247,000 | 5,006,000 | 2,639,000 | 37,436,000 | 2,867,000 | -41,746,000 | 36,989,000 | 7,074,000 |
| Other Short Term Loans | ||||||||
| Long term loans | -34,412,000 | -32,836,000 | -8,453,000 | -1,592,000 | 1,313,000 | 37,743,000 | -38,219,000 | 81,822,000 |
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -1,712,000 | -5,180,000 | -2,715,000 | 1,205,000 | 1,355,000 | 538,000 | 251,000 | -566,000 |
| cash flow from financing | -35,211,000 | 10,313,000 | 55,000 | 37,354,000 | 6,319,000 | -2,499,000 | 258,000 | 86,357,000 |
| cash and cash equivalents | ||||||||
| cash | -415,000 | -152,000 | -973,000 | 1,395,000 | -14,624,000 | 6,696,000 | -27,698,000 | 38,261,000 |
| overdraft | ||||||||
| change in cash | -415,000 | -152,000 | -973,000 | 1,395,000 | -14,624,000 | 6,696,000 | -27,698,000 | 38,261,000 |
suk retail limited Credit Report and Business Information
Suk Retail Limited Competitor Analysis
Perform a competitor analysis for suk retail 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 B 4 area or any other competitors across 12 key performance metrics.
suk retail limited Ownership
SUK RETAIL LIMITED group structure
Suk Retail Limited has no subsidiary companies.
Ultimate parent company
HILCO TRADING LLC
#0058374
2 parents
SUK RETAIL LIMITED
02430955
suk retail limited directors
Suk Retail Limited currently has 2 directors. The longest serving directors include Mr Chris Yates (May 2017) and Mr Timothy Farazmand (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Chris Yates | England | 63 years | May 2017 | - | Director |
| Mr Timothy Farazmand | United Kingdom | 64 years | Oct 2018 | - | Director |
P&L
May 2017turnover
213.9m
+8%
operating profit
7.8m
-53%
gross margin
47.8%
-0.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2017net assets
14.6m
-1.42%
total assets
51.4m
-0.37%
cash
2.5m
-0.14%
net assets
Total assets minus all liabilities
suk retail limited company details
company number
02430955
Type
Private limited with Share Capital
industry
47620 - Retail sale of newspapers and stationery in specialised stores
incorporation date
October 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2017
previous names
staples uk retail limited (January 2017)
globus office world limited (April 2005)
See moreaccountant
-
auditor
-
address
c/o teneo financial advisory lim, the colmore building, birmingham, B4 6AT
Bank
HSBC BANK PLC
Legal Advisor
-
suk retail 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 did not find charges/mortgages relating to suk retail limited.
suk retail 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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suk retail limited Companies House Filings - See Documents
| date | description | view/download |
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