hf stores realisations limited
hf stores realisations limited Company Information
Company Number
SC010677
Next Accounts
2357 days late
Shareholders
house of fraser ltd
Group Structure
View All
Industry
Other retail sale in non-specialised stores
Registered Address
c/o ernst & young llp, atria one, 144 morrison street, edinburgh, scotland, EH3 8EX
hf stores realisations limited Estimated Valuation
Pomanda estimates the enterprise value of HF STORES REALISATIONS LIMITED at £845.4m based on a Turnover of £823m and 1.03x industry multiple (adjusted for size and gross margin).
hf stores realisations limited Estimated Valuation
Pomanda estimates the enterprise value of HF STORES REALISATIONS LIMITED at £686m based on an EBITDA of £69.3m and a 9.9x industry multiple (adjusted for size and gross margin).
hf stores realisations limited Estimated Valuation
Pomanda estimates the enterprise value of HF STORES REALISATIONS LIMITED at £113.1m based on Net Assets of £37.4m and 3.02x industry multiple (adjusted for liquidity).
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Hf Stores Realisations Limited Overview
Hf Stores Realisations Limited is a live company located in edinburgh, EH3 8EX with a Companies House number of SC010677. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in October 1919, it's largest shareholder is house of fraser ltd with a 100% stake. Hf Stores Realisations Limited is a mature, mega sized company, Pomanda has estimated its turnover at £823m with healthy growth in recent years.
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Hf Stores Realisations Limited Health Check
Pomanda's financial health check has awarded Hf Stores Realisations Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £823m, make it larger than the average company (£1.7m)
£823m - Hf Stores Realisations Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.6%)
5% - Hf Stores Realisations Limited
3.6% - Industry AVG
Production
with a gross margin of 57.9%, this company has a lower cost of product (44.1%)
57.9% - Hf Stores Realisations Limited
44.1% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (5.5%)
4.1% - Hf Stores Realisations Limited
5.5% - Industry AVG
Employees
with 17023 employees, this is above the industry average (77)
17023 - Hf Stores Realisations Limited
77 - Industry AVG
Pay Structure
on an average salary of £7.9k, the company has a lower pay structure (£15.7k)
£7.9k - Hf Stores Realisations Limited
£15.7k - Industry AVG
Efficiency
resulting in sales per employee of £48.3k, this is less efficient (£78.7k)
£48.3k - Hf Stores Realisations Limited
£78.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (7 days)
0 days - Hf Stores Realisations Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 232 days, this is slower than average (38 days)
232 days - Hf Stores Realisations Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 135 days, this is more than average (88 days)
135 days - Hf Stores Realisations Limited
88 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (19 weeks)
7 weeks - Hf Stores Realisations Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.3%, this is a higher level of debt than the average (68.7%)
95.3% - Hf Stores Realisations Limited
68.7% - Industry AVG
HF STORES REALISATIONS LIMITED financials
Hf Stores Realisations Limited's latest turnover from January 2017 is £823 million and the company has net assets of £37.4 million. According to their latest financial statements, Hf Stores Realisations Limited has 17,023 employees and maintains cash reserves of £66.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 823,000,000 | 814,700,000 | 772,000,000 | 717,200,000 | 680,500,000 | 653,200,000 | 617,900,000 | 581,400,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 346,900,000 | 337,600,000 | 318,700,000 | 294,300,000 | 285,100,000 | 270,000,000 | 244,800,000 | 230,100,000 |
| Gross Profit | 476,100,000 | 477,100,000 | 453,300,000 | 422,900,000 | 395,400,000 | 383,200,000 | 373,100,000 | 351,300,000 |
| Admin Expenses | 442,600,000 | 457,100,000 | 434,700,000 | 394,200,000 | 374,000,000 | 363,500,000 | 316,900,000 | 316,000,000 |
| Operating Profit | 33,500,000 | 20,000,000 | 18,600,000 | 28,700,000 | 21,400,000 | 19,700,000 | 56,200,000 | 35,300,000 |
| Interest Payable | 8,300,000 | 5,600,000 | 4,100,000 | 5,000,000 | 28,900,000 | 38,900,000 | 44,900,000 | 43,300,000 |
| Interest Receivable | 100,000 | 100,000 | 100,000 | 23,600,000 | 26,500,000 | 23,300,000 | 19,900,000 | |
| Pre-Tax Profit | 22,200,000 | 13,100,000 | 14,600,000 | 25,700,000 | 18,600,000 | 11,500,000 | 37,700,000 | 16,700,000 |
| Tax | 4,600,000 | -1,400,000 | -3,200,000 | -10,200,000 | -9,000,000 | -9,700,000 | -10,500,000 | -11,100,000 |
| Profit After Tax | 26,800,000 | 11,700,000 | 11,400,000 | 15,500,000 | 9,600,000 | 1,800,000 | 27,200,000 | 5,600,000 |
| Dividends Paid | ||||||||
| Retained Profit | 26,800,000 | 11,700,000 | 11,400,000 | 15,500,000 | 9,600,000 | 1,800,000 | 27,200,000 | 5,600,000 |
| Employee Costs | 134,400,000 | 132,700,000 | 127,800,000 | 119,600,000 | 116,900,000 | 117,800,000 | 119,100,000 | 108,700,000 |
| Number Of Employees | 17,023 | 17,085 | 16,999 | 17,643 | 17,384 | 4,864 | 4,818 | 4,612 |
| EBITDA* | 69,300,000 | 56,300,000 | 18,600,000 | 63,400,000 | 56,900,000 | 54,400,000 | 91,300,000 | 69,900,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 181,000,000 | 163,400,000 | 179,900,000 | 210,100,000 | 231,000,000 | 251,900,000 | 266,500,000 | 277,600,000 |
| Intangible Assets | 44,200,000 | 33,700,000 | 27,700,000 | 5,200,000 | 5,600,000 | 6,100,000 | 6,600,000 | 6,900,000 |
| Investments & Other | 36,000,000 | 3,300,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 | 11,800,000 | 12,100,000 |
| Debtors (Due After 1 year) | 900,000 | 1,700,000 | 3,200,000 | 5,200,000 | 5,900,000 | |||
| Total Fixed Assets | 261,200,000 | 200,400,000 | 207,600,000 | 218,300,000 | 240,400,000 | 263,300,000 | 290,100,000 | 302,500,000 |
| Stock & work in progress | 128,700,000 | 117,000,000 | 116,700,000 | 104,600,000 | 98,200,000 | 99,100,000 | 87,100,000 | 65,000,000 |
| Trade Debtors | 1,700,000 | 3,200,000 | 6,300,000 | 6,900,000 | 5,800,000 | 5,100,000 | 4,700,000 | 4,100,000 |
| Group Debtors | 320,500,000 | 430,000,000 | 413,800,000 | 406,700,000 | 358,900,000 | 326,300,000 | 120,900,000 | 96,800,000 |
| Misc Debtors | 21,000,000 | 25,100,000 | 16,300,000 | 16,800,000 | 17,100,000 | 25,400,000 | 23,900,000 | 23,300,000 |
| Cash | 66,700,000 | 185,500,000 | 66,400,000 | 61,000,000 | 56,600,000 | 65,800,000 | 40,000,000 | 70,500,000 |
| misc current assets | 1,900,000 | 800,000 | 2,000,000 | |||||
| total current assets | 540,500,000 | 761,600,000 | 621,500,000 | 596,000,000 | 536,600,000 | 521,700,000 | 276,600,000 | 259,700,000 |
| total assets | 801,700,000 | 962,000,000 | 829,100,000 | 814,300,000 | 777,000,000 | 785,000,000 | 566,700,000 | 562,200,000 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 221,000,000 | 222,500,000 | 224,600,000 | 215,600,000 | 191,700,000 | 186,700,000 | 181,700,000 | 158,000,000 |
| Group/Directors Accounts | 97,600,000 | 303,100,000 | 305,800,000 | 298,700,000 | 314,500,000 | 97,300,000 | 158,900,000 | |
| other short term finances | ||||||||
| hp & lease commitments | 2,300,000 | 1,500,000 | 200,000 | 300,000 | ||||
| other current liabilities | 138,800,000 | 123,600,000 | 421,100,000 | 103,200,000 | 92,400,000 | 86,700,000 | 80,900,000 | 70,600,000 |
| total current liabilities | 459,700,000 | 650,700,000 | 645,900,000 | 624,600,000 | 582,800,000 | 587,900,000 | 359,900,000 | 387,800,000 |
| loans | 121,700,000 | 121,600,000 | 1,600,000 | |||||
| hp & lease commitments | 5,400,000 | 5,500,000 | 800,000 | |||||
| Accruals and Deferred Income | 134,600,000 | 139,700,000 | 144,400,000 | 50,100,000 | 54,900,000 | 61,400,000 | 70,900,000 | 76,400,000 |
| other liabilities | 51,800,000 | |||||||
| provisions | 42,900,000 | 51,200,000 | 99,800,000 | 40,500,000 | 43,600,000 | 37,800,000 | 32,900,000 | 31,500,000 |
| total long term liabilities | 304,600,000 | 324,400,000 | 246,900,000 | 123,600,000 | 134,600,000 | 162,900,000 | 127,000,000 | 166,200,000 |
| total liabilities | 764,300,000 | 975,100,000 | 892,800,000 | 748,200,000 | 717,400,000 | 750,800,000 | 486,900,000 | 554,000,000 |
| net assets | 37,400,000 | -13,100,000 | -63,700,000 | 66,100,000 | 59,600,000 | 34,200,000 | 79,800,000 | 8,200,000 |
| total shareholders funds | 37,400,000 | -13,100,000 | -63,700,000 | 66,100,000 | 59,600,000 | 34,200,000 | 79,800,000 | 8,200,000 |
| Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 33,500,000 | 20,000,000 | 18,600,000 | 28,700,000 | 21,400,000 | 19,700,000 | 56,200,000 | 35,300,000 |
| Depreciation | 29,000,000 | 30,800,000 | 34,300,000 | 35,000,000 | 34,200,000 | 34,700,000 | 34,200,000 | |
| Amortisation | 6,800,000 | 5,500,000 | 400,000 | 500,000 | 500,000 | 400,000 | 400,000 | |
| Tax | 4,600,000 | -1,400,000 | -3,200,000 | -10,200,000 | -9,000,000 | -9,700,000 | -10,500,000 | -11,100,000 |
| Stock | 11,700,000 | 300,000 | 12,100,000 | 6,400,000 | -900,000 | 12,000,000 | 22,100,000 | 65,000,000 |
| Debtors | -115,100,000 | 21,900,000 | 5,100,000 | 47,800,000 | 23,500,000 | 205,300,000 | 24,600,000 | 130,100,000 |
| Creditors | -1,500,000 | -2,100,000 | 9,000,000 | 23,900,000 | 5,000,000 | 5,000,000 | 23,700,000 | 158,000,000 |
| Accruals and Deferred Income | 10,100,000 | -302,200,000 | 412,200,000 | 6,000,000 | -800,000 | -3,700,000 | 4,800,000 | 147,000,000 |
| Deferred Taxes & Provisions | -8,300,000 | -48,600,000 | 59,300,000 | -3,100,000 | 5,800,000 | 4,900,000 | 1,400,000 | 31,500,000 |
| Cash flow from operations | 177,600,000 | -320,200,000 | 25,800,000 | 35,300,000 | -166,400,000 | 64,000,000 | 200,200,000 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 32,700,000 | 1,200,000 | -9,700,000 | -300,000 | 12,100,000 | |||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | -205,500,000 | 303,100,000 | -305,800,000 | 7,100,000 | -15,800,000 | 217,200,000 | -61,600,000 | 158,900,000 |
| Other Short Term Loans | ||||||||
| Long term loans | 100,000 | 120,000,000 | 1,600,000 | |||||
| Hire Purchase and Lease Commitments | 700,000 | 6,000,000 | 1,000,000 | -300,000 | 300,000 | |||
| other long term liabilities | -51,800,000 | 51,800,000 | ||||||
| share issue | ||||||||
| interest | -8,300,000 | -5,500,000 | -4,000,000 | -4,900,000 | -5,300,000 | -12,400,000 | -21,600,000 | -23,400,000 |
| cash flow from financing | -189,300,000 | 410,700,000 | -396,600,000 | -6,800,000 | -5,300,000 | 157,400,000 | -39,100,000 | 138,400,000 |
| cash and cash equivalents | ||||||||
| cash | -118,800,000 | 119,100,000 | 5,400,000 | 4,400,000 | -9,200,000 | 25,800,000 | -30,500,000 | 70,500,000 |
| overdraft | ||||||||
| change in cash | -118,800,000 | 119,100,000 | 5,400,000 | 4,400,000 | -9,200,000 | 25,800,000 | -30,500,000 | 70,500,000 |
hf stores realisations limited Credit Report and Business Information
Hf Stores Realisations Limited Competitor Analysis
Perform a competitor analysis for hf stores realisations 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 EH3 area or any other competitors across 12 key performance metrics.
hf stores realisations limited Ownership
HF STORES REALISATIONS LIMITED group structure
Hf Stores Realisations Limited has 2 subsidiary companies.
Ultimate parent company
NANJING XINJIEKOU DEPARTMENT STORE LTD
#0063554
2 parents
HF STORES REALISATIONS LIMITED
SC010677
2 subsidiaries
hf stores realisations limited directors
Hf Stores Realisations Limited currently has 4 directors. The longest serving directors include Mr Peter Hearsey (Mar 2009) and Mr Alex Williamson (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Hearsey | 59 years | Mar 2009 | - | Director | |
| Mr Alex Williamson | 60 years | Sep 2017 | - | Director | |
| Mr Fei-Er Cheng | 43 years | Jul 2018 | - | Director | |
| Yong Shen | United Kingdom | 53 years | Jul 2018 | - | Director |
P&L
January 2017turnover
823m
+1%
operating profit
33.5m
+68%
gross margin
57.9%
-1.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2017net assets
37.4m
-3.85%
total assets
801.7m
-0.17%
cash
66.7m
-0.64%
net assets
Total assets minus all liabilities
hf stores realisations limited company details
company number
SC010677
Type
Private limited with Share Capital
industry
47190 - Other retail sale in non-specialised stores
incorporation date
October 1919
age
106
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2017
previous names
house of fraser (stores) limited (August 2018)
house of fraser (stores) limited (October 2009)
accountant
-
auditor
-
address
c/o ernst & young llp, atria one, 144 morrison street, edinburgh, scotland, EH3 8EX
Bank
CLYDESDALE BANK
Legal Advisor
-
hf stores realisations 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 40 charges/mortgages relating to hf stores realisations limited. Currently there are 8 open charges and 32 have been satisfied in the past.
hf stores realisations 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.
Click to start generating capital raising & share issue transactions for HF STORES REALISATIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
hf stores realisations limited Companies House Filings - See Documents
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