wh smith high street limited

wh smith high street limited Company Information

Share WH SMITH HIGH STREET LIMITED
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EstablishedMegaLow

Company Number

06560339

Industry

Retail sale of books in specialised stores

 

Retail sale of newspapers and stationery in specialised stores

 

Directors

Ian Houghton

Carl Cowling

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Shareholders

wh smith high street holdings ltd

Group Structure

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Contact

Registered Address

greenbridge road, swindon, wiltshire, SN3 3RX

wh smith high street limited Estimated Valuation

£317m

Pomanda estimates the enterprise value of WH SMITH HIGH STREET LIMITED at £317m based on a Turnover of £418.6m and 0.76x industry multiple (adjusted for size and gross margin).

wh smith high street limited Estimated Valuation

£20.7m

Pomanda estimates the enterprise value of WH SMITH HIGH STREET LIMITED at £20.7m based on an EBITDA of £2.6m and a 8.07x industry multiple (adjusted for size and gross margin).

wh smith high street limited Estimated Valuation

£547.3m

Pomanda estimates the enterprise value of WH SMITH HIGH STREET LIMITED at £547.3m based on Net Assets of £176m and 3.11x industry multiple (adjusted for liquidity).

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Wh Smith High Street Limited Overview

Wh Smith High Street Limited is a live company located in wiltshire, SN3 3RX with a Companies House number of 06560339. It operates in the retail sale of books in specialised stores sector, SIC Code 47610. Founded in April 2008, it's largest shareholder is wh smith high street holdings ltd with a 100% stake. Wh Smith High Street Limited is a established, mega sized company, Pomanda has estimated its turnover at £418.6m with low growth in recent years.

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Wh Smith High Street Limited Health Check

Pomanda's financial health check has awarded Wh Smith High Street Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £418.6m, make it larger than the average company (£1.3m)

£418.6m - Wh Smith High Street Limited

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (0.6%)

0% - Wh Smith High Street Limited

0.6% - Industry AVG

production

Production

with a gross margin of 63.7%, this company has a lower cost of product (40.9%)

63.7% - Wh Smith High Street Limited

40.9% - Industry AVG

profitability

Profitability

an operating margin of -3.4% make it less profitable than the average company (4.1%)

-3.4% - Wh Smith High Street Limited

4.1% - Industry AVG

employees

Employees

with 6318 employees, this is above the industry average (32)

6318 - Wh Smith High Street Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £17.2k, the company has a lower pay structure (£25.3k)

£17.2k - Wh Smith High Street Limited

£25.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £66.3k, this is less efficient (£105.5k)

£66.3k - Wh Smith High Street Limited

£105.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (24 days)

7 days - Wh Smith High Street Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 108 days, this is slower than average (42 days)

108 days - Wh Smith High Street Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 191 days, this is more than average (75 days)

191 days - Wh Smith High Street Limited

75 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (25 weeks)

1 weeks - Wh Smith High Street Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.4%, this is a higher level of debt than the average (60.1%)

68.4% - Wh Smith High Street Limited

60.1% - Industry AVG

WH SMITH HIGH STREET LIMITED financials

EXPORTms excel logo

Wh Smith High Street Limited's latest turnover from August 2023 is £418.6 million and the company has net assets of £176 million. According to their latest financial statements, Wh Smith High Street Limited has 6,318 employees and maintains cash reserves of £7.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover418,573,000419,841,000413,331,000414,754,000533,031,000545,525,000571,262,000602,700,000628,728,000658,855,000702,436,000757,740,000804,891,000856,396,000888,258,000
Other Income Or Grants000000000000000
Cost Of Sales152,008,000149,506,000165,236,000177,062,000202,785,000210,056,000224,036,000243,488,000262,901,000285,414,000315,967,000354,693,000386,374,000423,377,000451,820,000
Gross Profit266,565,000270,335,000248,095,000237,692,000330,246,000335,469,000347,226,000359,212,000365,827,000373,441,000386,469,000403,047,000418,517,000433,019,000436,438,000
Admin Expenses280,684,000246,394,000324,612,000346,502,000296,573,000292,909,000295,067,000307,592,000311,978,000325,146,000341,739,000354,932,000369,566,000386,981,000398,403,000
Operating Profit-14,119,00023,941,000-76,517,000-108,810,00033,673,00042,560,00052,159,00051,620,00053,849,00048,295,00044,730,00048,115,00048,951,00046,038,00038,035,000
Interest Payable3,152,0003,311,0003,903,0004,661,000564,000512,000334,000329,0001,485,000771,000563,000625,000651,000651,00031,464,000
Interest Receivable34,00083,00041,00069,0000000003,00099,000230,000454,000727,000
Pre-Tax Profit-17,237,00020,713,000-80,379,000-113,402,00038,109,00047,048,00051,825,00051,291,00052,364,00047,524,00044,170,00047,589,00048,530,00045,841,0007,298,000
Tax-4,840,000-3,142,0007,863,00023,350,000-7,987,000-5,570,000-7,920,000-6,002,000-10,963,000-7,763,000-5,518,000-10,198,000-14,585,000-14,534,000-1,643,000
Profit After Tax-22,077,00017,571,000-72,516,000-90,052,00030,122,00041,478,00043,905,00045,289,00041,401,00039,761,00038,652,00037,391,00033,945,00031,307,0005,655,000
Dividends Paid000040,000,00040,000,00040,000,00040,000,00040,000,00050,000,00080,000,0000000
Retained Profit-22,077,00017,571,000-72,516,000-90,052,000-9,878,0001,478,0003,905,0005,289,0001,401,000-10,239,000-41,348,00037,391,00033,945,00031,307,0005,655,000
Employee Costs108,617,000105,563,000109,989,000112,571,000115,838,000109,100,000113,174,000110,992,000114,282,000000000
Number Of Employees6,3186,2886,7127,4757,9358,3648,5438,6959,3566,2946,9587,0688,5858,0760
EBITDA*2,563,00044,673,000-48,857,000-70,113,00053,923,00063,062,00072,106,00073,156,00076,019,00071,401,00067,825,00074,169,00074,622,00072,821,00066,349,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets116,081,000117,086,000236,696,000279,363,00096,542,00089,800,00081,848,00078,933,00084,724,00090,607,000104,013,000111,524,000110,271,000120,807,000127,719,000
Intangible Assets229,722,000287,687,000188,381,000243,017,000243,672,000242,009,000240,692,000238,261,000236,213,000236,222,000227,561,000227,662,000227,763,000227,864,000227,965,000
Investments & Other6,010,0008,161,0008,161,0008,161,0008,161,0006,010,0003,263,0003,263,0003,263,0003,263,0003,263,0003,263,0002,463,0001,473,0000
Debtors (Due After 1 year)25,229,00029,331,00029,368,00023,257,0005,798,0001,760,0001,336,0001,286,0001,183,0001,224,0001,238,0001,348,0001,459,0001,654,0001,445,000
Total Fixed Assets320,910,000375,442,000396,086,000501,142,000340,214,000331,809,000322,540,000317,194,000320,937,000326,829,000336,075,000343,797,000341,956,000351,798,000357,129,000
Stock & work in progress79,795,00083,553,00074,380,00085,811,000102,572,000107,084,000108,086,000108,078,000106,367,000110,927,000114,762,000116,484,000120,524,000119,174,000120,568,000
Trade Debtors9,027,00010,158,0006,759,0007,668,00011,788,00010,099,00011,532,00010,842,0008,672,00010,862,00011,073,0008,250,0008,572,00010,649,00012,711,000
Group Debtors133,844,000743,867,000276,981,000351,924,000148,516,000169,081,000163,248,000164,795,000229,113,000169,572,000168,153,000142,596,00082,371,00096,041,00021,460,000
Misc Debtors6,563,0009,784,0009,230,00014,491,00017,786,00017,205,00014,434,00013,825,00021,392,00021,798,00021,207,00025,449,00026,592,00032,229,00025,848,000
Cash7,509,00012,039,000024,927,00031,731,00024,244,00037,428,00032,070,00019,095,00029,418,00029,440,0009,140,00026,683,0001,123,00024,572,000
misc current assets02,544,000001,924,0001,339,00063,0001,843,0003,000000000
total current assets236,738,000861,945,000367,350,000484,821,000314,317,000329,052,000334,791,000331,453,000384,642,000342,577,000344,635,000301,919,000264,742,000259,216,000205,159,000
total assets557,648,0001,237,387,000763,436,000985,963,000654,531,000660,861,000657,331,000648,647,000705,579,000669,406,000680,710,000645,716,000606,698,000611,014,000562,288,000
Bank overdraft008,399,0000000041,089,000000000
Bank loan000000000000000
Trade Creditors 45,334,00044,353,00039,242,00034,014,00045,339,00049,725,00056,388,00059,352,00062,289,00063,696,00065,158,00063,009,00060,357,00060,076,00062,059,000
Group/Directors Accounts0000000000117,500,00034,675,00032,247,00029,676,00032,333,000
other short term finances927,000035,000184,00000000000000
hp & lease commitments38,778,00048,570,00052,819,00070,682,00000000000138,000386,0001,629,000
other current liabilities189,571,000815,487,000319,930,000444,708,000229,959,000221,303,000216,164,000206,249,000226,617,000230,038,000106,061,000112,304,000117,955,000120,212,00099,170,000
total current liabilities274,610,000908,410,000420,425,000549,588,000275,298,000271,028,000272,552,000265,601,000329,995,000293,734,000288,719,000209,988,000210,697,000210,350,000195,191,000
loans185,366,000227,308,000292,960,000359,638,00000000000000
hp & lease commitments92,683,000113,654,000146,480,000179,819,0000000000000390,000
Accruals and Deferred Income000000000000000
other liabilities000010,959,00011,856,00011,182,00011,968,00013,446,00014,835,00016,064,00016,271,00011,998,00014,993,00010,497,000
provisions28,698,00027,538,00030,254,0005,570,00010,884,00011,704,0008,452,0007,664,0004,042,0005,178,0004,289,0006,471,0008,408,00010,021,00011,867,000
total long term liabilities107,032,000127,423,000161,607,000182,604,00016,401,00017,708,00015,408,00015,800,00015,467,00017,424,00020,353,00022,742,00020,406,00025,014,00022,754,000
total liabilities381,642,0001,035,833,000582,032,000732,192,000291,699,000288,736,000287,960,000281,401,000345,462,000311,158,000309,072,000232,730,000231,103,000235,364,000217,945,000
net assets176,006,000201,554,000181,404,000253,771,000362,832,000372,125,000369,371,000367,246,000360,117,000358,248,000371,638,000412,986,000375,595,000375,650,000344,343,000
total shareholders funds176,006,000201,554,000181,404,000253,771,000362,832,000372,125,000369,371,000367,246,000360,117,000358,248,000371,638,000412,986,000375,595,000375,650,000344,343,000
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit-14,119,00023,941,000-76,517,000-108,810,00033,673,00042,560,00052,159,00051,620,00053,849,00048,295,00044,730,00048,115,00048,951,00046,038,00038,035,000
Depreciation11,789,00015,539,00022,315,00033,797,00015,459,00016,975,00016,474,00018,389,00019,332,00019,707,00022,994,00025,953,00025,570,00026,682,00028,213,000
Amortisation4,893,0005,193,0005,345,0004,900,0004,791,0003,527,0003,473,0003,147,0002,838,0003,399,000101,000101,000101,000101,000101,000
Tax-4,840,000-3,142,0007,863,00023,350,000-7,987,000-5,570,000-7,920,000-6,002,000-10,963,000-7,763,000-5,518,000-10,198,000-14,585,000-14,534,000-1,643,000
Stock-3,758,0009,173,000-11,431,000-16,761,000-4,512,000-1,002,0008,0001,711,000-4,560,000-3,835,000-1,722,000-4,040,0001,350,000-1,394,000120,568,000
Debtors-618,477,000470,802,000-75,002,000213,452,000-14,257,0007,595,000-198,000-69,612,00056,904,0001,785,00024,028,00058,649,000-21,579,00079,109,00061,464,000
Creditors981,0005,111,0005,228,000-11,325,000-4,386,000-6,663,000-2,964,000-2,937,000-1,407,000-1,462,0002,149,0002,652,000281,000-1,983,00062,059,000
Accruals and Deferred Income-625,916,000495,557,000-124,778,000214,749,0008,656,0005,139,0009,915,000-20,368,000-3,421,000123,977,000-6,243,000-5,651,000-2,257,00021,042,00099,170,000
Deferred Taxes & Provisions1,160,000-2,716,00024,684,000-5,314,000-820,0003,252,000788,0003,622,000-1,136,000889,000-2,182,000-1,937,000-1,613,000-1,846,00011,867,000
Cash flow from operations-3,817,00059,508,000-49,427,000-45,344,00068,155,00052,627,00072,115,000115,372,0006,748,000189,092,00033,725,0004,426,00076,677,000-2,215,00055,770,000
Investing Activities
capital expenditure42,288,000-428,00069,643,000-220,863,000-28,655,000-29,771,000-25,293,000-17,793,000-16,278,000-18,361,000-15,483,000-27,206,000-15,034,000-19,770,000-383,998,000
Change in Investments-2,151,0000002,151,0002,747,00000000800,000990,0001,473,0000
cash flow from investments44,439,000-428,00069,643,000-220,863,000-30,806,000-32,518,000-25,293,000-17,793,000-16,278,000-18,361,000-15,483,000-28,006,000-16,024,000-21,243,000-383,998,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000-117,500,00082,825,0002,428,0002,571,000-2,657,00032,333,000
Other Short Term Loans 927,000-35,000-149,000184,00000000000000
Long term loans-41,942,000-65,652,000-66,678,000359,638,00000000000000
Hire Purchase and Lease Commitments-30,763,000-37,075,000-51,202,000250,501,0000000000-138,000-248,000-1,633,0002,019,000
other long term liabilities000-10,959,000-897,000674,000-786,000-1,478,000-1,389,000-1,229,000-207,0004,273,000-2,995,0004,496,00010,497,000
share issue-3,471,0002,579,000149,000-19,009,000585,0001,276,000-1,780,0001,840,000468,000-3,151,00000-34,000,0000338,688,000
interest-3,118,000-3,228,000-3,862,000-4,592,000-564,000-512,000-334,000-329,000-1,485,000-771,000-560,000-526,000-421,000-197,000-30,737,000
cash flow from financing-78,367,000-103,411,000-121,742,000575,763,000-876,0001,438,000-2,900,00033,000-2,406,000-122,651,00082,058,0006,037,000-35,093,0009,000352,800,000
cash and cash equivalents
cash-4,530,00012,039,000-24,927,000-6,804,0007,487,000-13,184,0005,358,00012,975,000-10,323,000-22,00020,300,000-17,543,00025,560,000-23,449,00024,572,000
overdraft0-8,399,0008,399,0000000-41,089,00041,089,000000000
change in cash-4,530,00020,438,000-33,326,000-6,804,0007,487,000-13,184,0005,358,00054,064,000-51,412,000-22,00020,300,000-17,543,00025,560,000-23,449,00024,572,000

wh smith high street 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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Wh Smith High Street Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for wh smith high street 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 SN3 area or any other competitors across 12 key performance metrics.

wh smith high street limited Ownership

WH SMITH HIGH STREET LIMITED Shareholders

wh smith high street holdings ltd 100%

wh smith high street limited directors

Wh Smith High Street Limited currently has 4 directors. The longest serving directors include Mr Ian Houghton (Jun 2008) and Mr Carl Cowling (Sep 2019).

officercountryagestartendrole
Mr Ian Houghton59 years Jun 2008- Director
Mr Carl Cowling51 years Sep 2019- Director
Mr Carl Cowling51 years Sep 2019- Director
Mr Maxwell Izzard45 years Nov 2024- Director

P&L

August 2023

turnover

418.6m

0%

operating profit

-14.1m

-159%

gross margin

63.7%

-1.1%

turnover

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

Balance Sheet

August 2023

net assets

176m

-0.13%

total assets

557.6m

-0.55%

cash

7.5m

-0.38%

net assets

Total assets minus all liabilities

wh smith high street limited company details

company number

06560339

Type

Private limited with Share Capital

industry

47610 - Retail sale of books in specialised stores

47620 - Retail sale of newspapers and stationery in specialised stores

incorporation date

April 2008

age

17

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

August 2023

previous names

alnery no. 2778 limited (June 2008)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

greenbridge road, swindon, wiltshire, SN3 3RX

Bank

-

Legal Advisor

-

wh smith high street 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 wh smith high street limited.

wh smith high street 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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wh smith high street limited Companies House Filings - See Documents

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