Company Identification Details
|
Subject Reported on
|
NEXT RETAIL LIMITED
|
|
Registration Number
|
04521150
|
|
VAT Number
|
GB179765890
|
|
Address
|
DESFORD ROAD, LEICESTER, LEICESTERSHIRE, LE19 4AT.
|
|
Telephone
|
0844 844 8333
|
|
Facsimile
|
0116 284 8998
|
|
Email
|
internet_correspondence@next.co.uk
|
|
Web Address
|
www.next.co.uk
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 50,000
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
04521150
|
|
VAT Number
|
GB179765890
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
29/08/2002
|
|
Registered Office
|
DESFORD ROAD, ENDERBY, LEICESTER, LE19
4AT.
|
|
History
|
25/03/2003 : Change
of name from NEXT NEAR EAST LIMITED.
|
|
|
23/10/2002 : The
Registered Office address changed from CLOTH HALL COURT, INFIRMARY STREET, LEEDS,
LS.
|
|
|
3/10/2002 : Change of
name from EVER 1889 LIMITED.
|
|
Date of Last Annual Return to Registry
|
08/06/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to 30/01/2010
|
|
Accounting Reference Date
|
31/01
|
Operations
|
Activities
|
Retailers of Womenswear, Menswear, Childrenswear, Lingerie, Shoes,
Accessories
|
|
Nace Code
|
5242
|
|
Premises
|
Leased,Offices,Shop
|
|
Staff Employed
|
39,283
|
|
Trading Divisions
|
NEXT SOURCING (UK),
NEXT NEAR EAST, NEXT RETAIL; NEXT DIRECTORY, NEXT OVERSEAS
|
|
Trade Names
|
NNE UK, NEXT TO
NOTHING, NEXT, NSL UK
|
|
Product Names
|
NEXT
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
HSBC BANK PLC
|
|
Address
|
LONDON.
|
|
Sort Code
|
400621
|
|
Auditors
|
Ernst & Young LLP
|
|
Branches
|
NSL UK, 1ST FLOOR GLEN HOUSE, 200-208 TOTTENHAM CT RD LONDON, W1T
7PL.
|
|
|
PHOENIX PARK WAY, CORBY, NN17 5DT.
|
|
Associated Companies
|
NEXT SOURCING (UK) LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
18/01/2011
|
50,000
|
|
18/10/2010
|
50,000
|
|
18/07/2010
|
50,000
|
|
18/04/2010
|
50,000
|
|
18/01/2010
|
50,000
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
|
Amount Summary
|
1,183
|
|
Count Summary
|
1
|
|
Details of the most recent CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
23/10/2007
|
1,183
|
Judgment
|
7QT01584
|
12/03/2008
|
WORKSOP
|
Other Filings and Notices
|
02/11/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
23/10/2002
|
Companies House Gazette
|
"Resolutions which give vary
|
|
23/10/2002
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
23/10/2002
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
ANDREW JOHN ROBERT MCKINLAY
|
|
Service Address
|
DESFORD ROAD, ENDERBY, LEICESTER, LE19
4AT.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
11/08/1958
|
|
Appointment Date
|
31/10/2003
|
|
Other Directorships
|
GRESSE STREET LIMITED
|
Directors
|
Director
|
MR ANDREW JOHN VARLEY
|
|
Service Address
|
DESFORD ROAD, ENDERBY, LEICESTER, LE19
4AT.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
27/09/1950
|
|
Appointment Date
|
24/10/2005
|
|
Other Directorships
|
NEXT GROUP PLC, NEXT NEAR EAST LIMITED, PAIGE GROUP
LIMITED(THE), NEXT DISTRIBUTION LIMITED, NEXT PLC, METRIC
PROPERTY INVESTMENTS PLC
|
|
Director
|
SIMON ADAM LORD WOLFSON OF ASPLEY GUISE
|
|
Service Address
|
NEXT PLC
DESFORD ROAD, ENDERBY, LEICESTER, LE19 4AT.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
27/10/1967
|
|
Appointment Date
|
21/10/2002
|
|
Other Directorships
|
NEXT GROUP PLC, NEXT NEAR EAST LIMITED, PAIGE GROUP
LIMITED(THE), VENTURA GROUP LIMITED, CLUB 24 LIMITED, NEXT
PROPERTIES LTD, NEXT BRAND LIMITED, V.C.S.M. LIMITED, THE
NEXT DIRECTORY LIMITED, FIRST RETAIL FINANCE LIMITED, NEXT
FINANCIAL SERVICES LIMITED, NEXT DISTRIBUTION LIMITED, POLICY
EXCHANGE LIMITED, NEXT PLC, VENTURA (UK) INDIA
LIMITED, VENTURA CUSTOMER SERVICE MANAGEMENT LIMITED, NEXT
SOURCING (UK) LIMITED, LIPSY LIMITED, VENTURA NETWORK
DISTRIBUTION LIMITED, LIME RETAIL LIMITED, LIME CLOTHING
LIMITED, BRECON DEBT RECOVERY LIMITED, LIPSY STORES
LIMITED, AGRATECH LIMITED
|
|
Director
|
DAVID WILSON KEENS
|
|
Service Address
|
DESFORD ROAD, ENDERBY, LEICESTER, LE19
4AT.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
16/08/1953
|
|
Appointment Date
|
21/10/2002
|
|
Other Directorships
|
NEXT GROUP PLC, NEXT NEAR EAST LIMITED, PAIGE GROUP
LIMITED(THE), VENTURA GROUP LIMITED, CLUB 24 LIMITED, NEXT
PROPERTIES LTD, NEXT BRAND LIMITED, V.C.S.M. LIMITED, THE
NEXT DIRECTORY LIMITED, FIRST RETAIL FINANCE LIMITED, NEXT
FINANCIAL SERVICES LIMITED, NEXT DISTRIBUTION LIMITED, NEXT
PLC, VENTURA (UK) INDIA LIMITED, VENTURA CUSTOMER SERVICE
MANAGEMENT LIMITED, NEXT SOURCING (UK) LIMITED, LIPSY
LIMITED, VENTURA NETWORK DISTRIBUTION LIMITED, LIME RETAIL
LIMITED, BRECON DEBT RECOVERY LIMITED, AGRATECH LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,000
|
|
Principal Shareholder
|
1,000 Next Group PLC
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
NEXT GROUP PLC
|
|
Ultimate Parent
|
NEXT PLC
|
General Information
|
The subject's parent is NEXT PLC (Reg: 04412362). The figures for
the 30/01/2010 accounts are: Net sales:GBP 3,406.50m; Pre Tax Profit: GBP
505.30m; Total Assets: GBP 1,693.70m; Shareholders Equity: GBP
133.60m.
H1 results to end July 2010 show pretax profit up 15% to GBP 213.00m
on Revenue up 5% to GBP 1,587.00m.
|
Financial Data– Statutory Accounts
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
53
|
52
|
52
|
52
|
|
Accounts Date
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
27/01/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
3204066
|
3075643
|
3109296
|
3079479
|
|
Cost of goods sold
|
2326409
|
2278776
|
2285295
|
2279334
|
|
GROSS PROFIT
|
877657
|
796867
|
824001
|
800145
|
|
Wages and Salaries
|
380046
|
346341
|
355712
|
347185
|
|
Auditors Fees
|
167
|
151
|
142
|
137
|
|
Non-Audit Fees
|
77
|
|
60
|
11
|
|
Trading Profit
|
534615
|
484135
|
530735
|
462665
|
|
Depreciation
|
97871
|
88672
|
83590
|
80223
|
|
OPERATING PROFIT
|
436744
|
395463
|
447145
|
382442
|
|
Non Trading Income
|
56
|
42
|
32
|
725
|
|
Interest Payable
|
77005
|
147515
|
183677
|
170569
|
|
PRE TAX PROFIT
|
359795
|
247990
|
263500
|
212598
|
|
Taxation
|
106343
|
74635
|
87875
|
73612
|
|
PROFIT AFTER TAX
|
253452
|
173355
|
175625
|
138986
|
|
Dividends Payable
|
|
|
|
300000
|
|
RETAINED PROFITS
|
253452
|
173355
|
175625
|
(161014)
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
53
|
52
|
52
|
52
|
|
Accounts Date
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
27/01/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
2831407
|
2851415
|
2842444
|
2809872
|
|
Tangible Assets
|
335039
|
355047
|
346076
|
313504
|
|
Fixed Assets
|
327769
|
355047
|
346076
|
308379
|
|
Intermediate assets
|
7270
|
|
|
5125
|
|
Intangible Assets
|
2496368
|
2496368
|
2496368
|
2496368
|
|
TOTAL CURRENT ASSETS
|
856578
|
911963
|
912743
|
807634
|
|
Trade debtors
|
493005
|
472310
|
448358
|
434966
|
|
Stocks
|
311516
|
299037
|
293661
|
272809
|
|
Other Current Assets
|
52057
|
140616
|
170724
|
99859
|
|
Misc Current Assets
|
20407
|
116522
|
44290
|
36244
|
|
Due From Group
|
6160
|
5562
|
1180
|
1137
|
|
Cash
|
25490
|
18532
|
125254
|
62478
|
|
TOTAL ASSETS
|
3687985
|
3763378
|
3755187
|
3617506
|
|
TOTAL CURRENT LIABILITIES
|
3008143
|
3266824
|
3483810
|
3564431
|
|
Trade creditors
|
154612
|
171551
|
145411
|
140005
|
|
Short Term Loans
|
2546293
|
2870132
|
3092076
|
3194449
|
|
Bank Overdraft
|
95056
|
148283
|
57598
|
9664
|
|
Other Finance
|
9448
|
12213
|
|
37057
|
|
Due To Group
|
2441789
|
2709636
|
3034478
|
3147728
|
|
Other Liabilities
|
307238
|
225141
|
246323
|
229977
|
|
WORKING CAPITAL
|
(2151565)
|
(2354861)
|
(2571067)
|
(2756797)
|
|
TOTAL LONG TERM LIABS
|
9982
|
25142
|
12697
|
|
|
Long Term Loans
|
9982
|
|
|
|
|
Other Finance
|
9982
|
|
|
|
|
Other Liabilities
|
|
25142
|
12697
|
|
|
NET ASSETS/(LIABILITIES)
|
669860
|
471412
|
258680
|
53075
|
|
SHARE CAPITAL + RESERVES
|
669860
|
471412
|
258680
|
53075
|
|
Share Cap + Sundry Res
|
(6708)
|
78064
|
322
|
(34258)
|
|
Issued Share Capital
|
1
|
1
|
1
|
1
|
|
Sundry Reserves
|
(6709)
|
78063
|
321
|
(34259)
|
|
Profit and Loss account
|
676568
|
393348
|
258358
|
87333
|
|
SHAREHOLDERS FUNDS
|
669860
|
471412
|
258680
|
53075
|
|
CAPITAL EMPLOYED
|
679842
|
496554
|
271377
|
53075
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
53
|
52
|
52
|
52
|
|
Accounts Date
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
27/01/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
291148
|
135113
|
394106
|
583091
|
|
Increase in Cash
|
60185
|
(197407)
|
14842
|
45524
|
|
Auditors Remuneration
|
167
|
151
|
142
|
137
|
|
Liquid Assets
|
518495
|
490842
|
573612
|
497444
|
|
Net Working Capital
|
(2151565)
|
(2354861)
|
(2571067)
|
(2756797)
|
|
Long Term Debt(>12 Months)
|
9982
|
|
|
|
|
Other Deferred Liabs
|
|
25142
|
12697
|
|
|
Tangible Net Worth(T.N.W)
|
(1826508)
|
(2024956)
|
(2237688)
|
(2443293)
|
|
Equity
|
669860
|
471412
|
258680
|
53075
|
|
Number of Years Trading
|
8
|
7
|
6
|
5
|
|
Number of Employees
|
39283
|
41733
|
42977
|
43758
|
|
Profit per Employee
|
9159.1
|
5942.3
|
6131.2
|
4858.5
|
|
Sales per Employee
|
81563.7
|
73698.1
|
72347.9
|
70375.2
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
27/01/2007
|
|
Current Ratio
|
0.3
|
0.3
|
0.3
|
0.2
|
|
Pre Tax Profit Margin%
|
11.2
|
8.1
|
8.5
|
6.9
|
|
Gross Profit%
|
27.4
|
25.9
|
26.5
|
26
|
|
Debtors Days (D.S.O)
|
56
|
56
|
53
|
52
|
|
Creditors Days (D.P.O)
|
18
|
20
|
17
|
17
|
|
Quick Ratio
|
0.2
|
0.2
|
0.2
|
0.2
|
|
W.I.P/Inventory Days
|
48.9
|
47.9
|
46.9
|
43.7
|
|
Return on Investment%
|
13.5
|
11.7
|
13.3
|
11.8
|
|
Return on Assets%
|
9.8
|
6.6
|
7
|
5.9
|
|
T.N.W/Total Assets%
|
(49.5)
|
(53.8)
|
(59.6)
|
(67.5)
|
|
Return on Capital%
|
52.9
|
49.9
|
97.1
|
400.6
|
|
Rtn on Shareholders Funds%
|
53.7
|
52.6
|
101.9
|
400.6
|
|
Working Capital/Sales%
|
(67.2)
|
(76.6)
|
(82.7)
|
(89.5)
|
|
Borrowing Ratio%
|
(140)
|
(141.7)
|
(138.2)
|
(130.7)
|
|
Equity Gearing%
|
22.2
|
14.3
|
7.4
|
1.5
|
|
Stock Turnover
|
10.3
|
10.3
|
10.6
|
11.3
|
|
Days Purchases Outstanding
|
24.3
|
27.5
|
23.2
|
22.4
|
|
Sales/Fixed Assets
|
9.8
|
8.7
|
9
|
10
|
|
Debt Gearing
|
(0.5)
|
|
|
|
Key Industry Sector Trends
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
12129
|
36034
|
35873
|
35066
|
|
Pre-Tax Profit Margin
|
3.2
|
0.6
|
0.8
|
1.5
|
|
Current Ratio
|
1.4
|
1.3
|
1.3
|
1.3
|
|
Borrowing Ratio
|
42
|
14.6
|
7.1
|
5.8
|
|
Return on Capital
|
43.6
|
36.8
|
41.5
|
43.2
|
|
Creditors Days
|
63
|
67
|
70
|
80
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Other retail sale of new goods in
specialised stores
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the accounts for the period
ended 30/01/2010.
|
|
Turnover
|
|
The subjects turnover has increased by 4
% in the year.
|
|
Operating Profit
|
|
Totalled GBP 436,744,000. In the year
prior a Profit of GBP 395,463,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased by 45 %
in the year.
|
|
Working Capital
|
|
The company's working capital deficiency
reduced in the period and now stands at GBP 2,151,565,000.
|
|
Net Worth
|
|
Net worth has increased by 42 % and now
stands at GBP 669,860,000.
|
|
Fixed Assets
|
|
The subject's fixed assets reduced during
the year by GBP 20,008,000 to GBP 2,831,407,000 and are now 76 % of total
assets compared with 75 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities reduced
during the period by 60 % and are now 1 % of net worth compared with 5 % in
the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 1 % of capital
employed, a decrease of 4 % over the previous period.
|
|
