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
|
08/06/2011
|
|
Accounts
|
The last filed accounts at Companies House are those to 29/01/2011
|
|
Accounting Reference Date
|
31/01
|
Operations
|
Activities
|
Retailers of womenswear, menswear, childrenswear, lingerie, shoes,
accessories
|
|
Nace Code
|
5242
|
|
Premises
|
Leased,Offices,Shop
|
|
Staff Employed
|
40,902
|
|
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
|
|
14/01/2012
|
50,000
|
|
14/10/2011
|
50,000
|
|
14/07/2011
|
50,000
|
|
14/04/2011
|
50,000
|
|
14/01/2011
|
50,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
13
|
33
|
59
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
14/01/2012
|
Miscellaneous
|
|
11/01/2012
|
Miscellaneous
|
|
22/12/2011
|
Miscellaneous
|
|
21/12/2011
|
Miscellaneous
|
|
13/12/2011
|
Miscellaneous
|
|
06/12/2011
|
Miscellaneous
|
|
05/12/2011
|
Miscellaneous
|
|
29/11/2011
|
Miscellaneous
|
|
28/11/2011
|
Miscellaneous
|
|
25/11/2011
|
Miscellaneous
|
|
09/11/2011
|
Miscellaneous
|
|
08/11/2011
|
Manufacture of refractory products
|
|
28/10/2011
|
Miscellaneous
|
|
13/10/2011
|
Miscellaneous
|
|
13/10/2011
|
Miscellaneous
|
|
05/10/2011
|
Miscellaneous
|
|
22/09/2011
|
Miscellaneous
|
|
18/08/2011
|
Miscellaneous
|
|
18/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
16/08/2011
|
Miscellaneous
|
|
04/08/2011
|
Miscellaneous
|
|
03/08/2011
|
Miscellaneous
|
|
29/07/2011
|
Miscellaneous
|
|
21/07/2011
|
Miscellaneous
|
|
21/07/2011
|
Miscellaneous
|
|
20/07/2011
|
Miscellaneous
|
|
20/07/2011
|
Miscellaneous
|
|
19/07/2011
|
Miscellaneous
|
|
14/07/2011
|
Manufacture of metal structures and parts of structures
|
|
05/07/2011
|
Miscellaneous
|
|
05/07/2011
|
Miscellaneous
|
|
16/06/2011
|
Miscellaneous
|
|
15/06/2011
|
Miscellaneous
|
|
15/06/2011
|
Miscellaneous
|
|
25/05/2011
|
Miscellaneous
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
Last 36 Months
|
Last 18 Months
|
|
Amount Summary
|
4,135
|
2,952
|
2,952
|
|
Count Summary
|
2
|
1
|
1
|
|
Unsettled Amount Summary
|
2,952
|
2,952
|
2,952
|
|
Highest Amount Summary
|
2,952
|
2,952
|
2,952
|
|
Details of the most recent CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
06/06/2011
|
2,952
|
Judgment
|
1QT33499
|
|
NORTHAMPTON CCBC
|
|
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, NEXT PROPERTIES
LTD, NEXT BRAND LIMITED, V.C.S.M. LIMITED, THE NEXT
DIRECTORY LIMITED, NEXT FINANCIAL SERVICES LIMITED, NEXT
DISTRIBUTION LIMITED, POLICY EXCHANGE LIMITED, NEXT
PLC, NEXT SOURCING (UK) LIMITED, LIPSY LIMITED, VENTURA
NETWORK DISTRIBUTION LIMITED, LIME RETAIL LIMITED, LIME CLOTHING
LIMITED, INSTITUTE FOR GOVERNMENT, 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, NEXT PROPERTIES
LTD, NEXT BRAND LIMITED, V.C.S.M. LIMITED, THE NEXT
DIRECTORY LIMITED, NEXT FINANCIAL SERVICES LIMITED, NEXT
DISTRIBUTION LIMITED, NEXT PLC, NEXT SOURCING (UK)
LIMITED, LIPSY LIMITED, VENTURA NETWORK DISTRIBUTION
LIMITED, LIME RETAIL 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 30/01/2011 accounts are: Net sales:GBP 3,453.70m; Pre Tax Profit: GBP
551.40m; Total Assets: GBP 1,792.30m; Shareholders Equity: GBP
232.30m.
Trading statement reports Sales up 3.2% in 6 months to
30.07.2011.
|
Financial Data Statutory Accounts
|
For annual accounts images, view the
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
53
|
52
|
52
|
|
Accounts Date
|
29/01/2011
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
3216353
|
3204066
|
3075643
|
3109296
|
|
Cost of goods sold
|
2331215
|
2326409
|
2278776
|
2285295
|
|
GROSS PROFIT
|
885138
|
877657
|
796867
|
824001
|
|
Wages and Salaries
|
357135
|
380046
|
346341
|
355712
|
|
Auditors Fees
|
190
|
167
|
151
|
142
|
|
Non-Audit Fees
|
|
77
|
|
60
|
|
Trading Profit
|
563444
|
534615
|
484135
|
530735
|
|
Depreciation
|
93327
|
97871
|
88672
|
83590
|
|
OPERATING PROFIT
|
470117
|
436744
|
395463
|
447145
|
|
Non Trading Income
|
600
|
56
|
42
|
32
|
|
Interest Payable
|
69483
|
77005
|
147515
|
183677
|
|
PRE TAX PROFIT
|
401234
|
359795
|
247990
|
263500
|
|
Taxation
|
121293
|
106343
|
74635
|
87875
|
|
PROFIT AFTER TAX
|
279941
|
253452
|
173355
|
175625
|
|
RETAINED PROFITS
|
279941
|
253452
|
173355
|
175625
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
53
|
52
|
52
|
|
Accounts Date
|
29/01/2011
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
2852394
|
2831407
|
2851415
|
2842444
|
|
Tangible Assets
|
356026
|
335039
|
355047
|
346076
|
|
Fixed Assets
|
341619
|
327769
|
355047
|
346076
|
|
Intermediate assets
|
14407
|
7270
|
|
|
|
Intangible Assets
|
2496368
|
2496368
|
2496368
|
2496368
|
|
TOTAL CURRENT ASSETS
|
934608
|
856578
|
911963
|
912743
|
|
Trade debtors
|
525856
|
493005
|
472310
|
448358
|
|
Stocks
|
372059
|
311516
|
299037
|
293661
|
|
Other Current Assets
|
36693
|
52057
|
140616
|
170724
|
|
Misc Current Assets
|
5719
|
20407
|
116522
|
44290
|
|
Due From Group
|
6377
|
6160
|
5562
|
1180
|
|
Cash
|
24597
|
25490
|
18532
|
125254
|
|
TOTAL ASSETS
|
3787002
|
3687985
|
3763378
|
3755187
|
|
TOTAL CURRENT LIABILITIES
|
2827830
|
3008143
|
3266824
|
3483810
|
|
Trade creditors
|
176577
|
154612
|
171551
|
145411
|
|
Short Term Loans
|
2313410
|
2546293
|
2870132
|
3092076
|
|
Bank Overdraft
|
103682
|
95056
|
148283
|
57598
|
|
Other Finance
|
|
9448
|
12213
|
|
|
Due To Group
|
2209728
|
2441789
|
2709636
|
3034478
|
|
Other Liabilities
|
337843
|
307238
|
225141
|
246323
|
|
WORKING CAPITAL
|
(1893222)
|
(2151565)
|
(2354861)
|
(2571067)
|
|
TOTAL LONG TERM LIABS
|
8074
|
9982
|
25142
|
12697
|
|
Long Term Loans
|
8074
|
9982
|
|
|
|
Other Finance
|
8074
|
9982
|
|
|
|
Other Liabilities
|
|
|
25142
|
12697
|
|
NET ASSETS/(LIABILITIES)
|
951098
|
669860
|
471412
|
258680
|
|
SHARE CAPITAL + RESERVES
|
951098
|
669860
|
471412
|
258680
|
|
Share Cap + Sundry Res
|
(11250)
|
(6708)
|
78064
|
322
|
|
Issued Share Capital
|
1
|
1
|
1
|
1
|
|
Sundry Reserves
|
(11251)
|
(6709)
|
78063
|
321
|
|
Profit and Loss account
|
962348
|
676568
|
393348
|
258358
|
|
SHAREHOLDERS FUNDS
|
951098
|
669860
|
471412
|
258680
|
|
CAPITAL EMPLOYED
|
959172
|
679842
|
496554
|
271377
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
53
|
52
|
52
|
|
Accounts Date
|
29/01/2011
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
282492
|
291148
|
135113
|
394106
|
|
Increase in Cash
|
(9519)
|
60185
|
(197407)
|
14842
|
|
Auditors Remuneration
|
190
|
167
|
151
|
142
|
|
Liquid Assets
|
550453
|
518495
|
490842
|
573612
|
|
Net Working Capital
|
(1893222)
|
(2151565)
|
(2354861)
|
(2571067)
|
|
Long Term Debt(>12 Months)
|
8074
|
9982
|
|
|
|
Other Deferred Liabs
|
|
|
25142
|
12697
|
|
Tangible Net Worth(T.N.W)
|
(1545270)
|
(1826508)
|
(2024956)
|
(2237688)
|
|
Equity
|
951098
|
669860
|
471412
|
258680
|
|
Number of Years Trading
|
9
|
8
|
7
|
6
|
|
Number of Employees
|
40902
|
39283
|
41733
|
42977
|
|
Profit per Employee
|
9809.6
|
9159.1
|
5942.3
|
6131.2
|
|
Sales per Employee
|
78635.6
|
81563.7
|
73698.1
|
72347.9
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
29/01/2011
|
30/01/2010
|
24/01/2009
|
26/01/2008
|
|
Current Ratio
|
0.3
|
0.3
|
0.3
|
0.3
|
|
Pre Tax Profit Margin%
|
12.5
|
11.2
|
8.1
|
8.5
|
|
Gross Profit%
|
27.5
|
27.4
|
25.9
|
26.5
|
|
Debtors Days (D.S.O)
|
60
|
56
|
56
|
53
|
|
Creditors Days (D.P.O)
|
20
|
18
|
20
|
17
|
|
Quick Ratio
|
0.2
|
0.2
|
0.2
|
0.2
|
|
W.I.P/Inventory Days
|
58.3
|
48.9
|
47.9
|
46.9
|
|
Return on Investment%
|
14.4
|
13.5
|
11.7
|
13.3
|
|
Return on Assets%
|
10.6
|
9.8
|
6.6
|
7
|
|
T.N.W/Total Assets%
|
(40.8)
|
(49.5)
|
(53.8)
|
(59.6)
|
|
Return on Capital%
|
41.8
|
52.9
|
49.9
|
97.1
|
|
Rtn on Shareholders Funds%
|
42.2
|
53.7
|
52.6
|
101.9
|
|
Working Capital/Sales%
|
(58.9)
|
(67.2)
|
(76.6)
|
(82.7)
|
|
Borrowing Ratio%
|
(150.2)
|
(140)
|
(141.7)
|
(138.2)
|
|
Equity Gearing%
|
33.5
|
22.2
|
14.3
|
7.4
|
|
Stock Turnover
|
8.6
|
10.3
|
10.3
|
10.6
|
|
Days Purchases Outstanding
|
27.6
|
24.3
|
27.5
|
23.2
|
|
Sales/Fixed Assets
|
9.4
|
9.8
|
8.7
|
9
|
|
Debt Gearing
|
(0.5)
|
(0.5)
|
|
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
11998
|
37425
|
36539
|
36074
|
|
Pre-Tax Profit Margin
|
3.5
|
1.7
|
0.8
|
1
|
|
Current Ratio
|
1.4
|
1.3
|
1.3
|
1.3
|
|
Borrowing Ratio
|
44
|
21.6
|
13.5
|
6.3
|
|
Return on Capital
|
36.5
|
36.6
|
36.6
|
41.4
|
|
Creditors Days
|
106
|
117
|
97
|
68
|
|
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 29/01/2011.
|
|
Operating Profit
|
|
Totalled GBP 470,117,000. In the year
prior a Profit of GBP 436,744,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased by 11 %
in the year.
|
|
Working Capital
|
|
The company's working capital deficiency
reduced in the period and now stands at GBP 1,893,222,000.
|
|
Net Worth
|
|
Net worth has increased by 42 % and now stands
at GBP 951,098,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 20,987,000 to GBP 2,852,394,000 and are now 75 % of
total assets compared with 76 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities
reduced during the period by 19 % and are now 1 % of net worth compared
with 1 % in the previous period.
|
|
