Company Identification Details
|
Subject Reported on
|
MATALAN RETAIL LTD.
|
|
Registration Number
|
02103564
|
|
VAT Number
|
GB534588616
|
|
Address
|
GILLIBRANDS
ROAD, SKELMERSDALE, LANCASHIRE, WN8 9TB.
|
|
Telephone
|
01695 552 400
|
|
Facsimile
|
01695 552 793
|
|
Email
|
info@matalan.co.uk
|
|
Web Address
|
www.matalan.co.uk
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
02103564
|
|
VAT Number
|
GB534588616
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
25/02/1987
|
|
Registered Office
|
GILLIBRANDS
ROAD, SKELMERSDALE, WEST LANCASHIRE, WN8 9TB.
|
|
History
|
3/03/1998 : Change
of name from MATALAN DISCOUNT CLUB (CASH & CARRY) LTD..
|
|
|
10/12/1992 : Change
of name from MATALAN (CASH & CARRY) LIMITED.
|
|
|
12/08/1988 : Change
of name from MATALAN (SALFORD) LIMITED.
|
|
Date of Last
Annual Return to Registry
|
31/07/2011
|
|
Accounts
|
The last filed accounts at Companies House are those to 25/02/2012
|
|
Accounting
Reference Date
|
26/02
|
Operations
|
Activities
|
Retailers of ladies', men's, children's clothing and homewares.
|
|
Nace Code
|
5242
|
|
Premises
|
Owned,Offices,Warehouse
|
|
Staff Employed
|
15,858
|
|
Trade Names
|
MATALAN
|
|
Import Countries
|
EUROPE
|
|
Export Countries
|
EUROPE
|
|
Bankers
|
KAUPTHING BANK NF
|
|
Address
|
SOLTUN 26, 105 REYKJAVIK, ICELAND.
|
|
Auditors
|
PricewaterhouseCoopers LLP
|
|
Branches
|
317 EDGWARE ROAD, CRICKLEWOOD BROADWAY, CRICKLEWOOD, LONDON, NW2
6PH.
|
|
|
THE BRAND CENTRE, MOLLISON AVENUE, ENFIELD, EN3 7PH.
|
|
|
INSHES RETAIL PARK,
INVERNESS, INVERNESS-SHIRE,
IV2 3TW.
|
|
|
LORENY INDUSTRIAL
ESTATE, UMBERLEY ROAD,
KILMARNOCK, KA1 5LB.
|
|
|
BOUCHER ROAD RETAIL
PARK, OFF BOUCHER ROAD, BOUCHER, BELFAST, BT12 6HR.
|
|
|
HOLME ROAD, BAMBER
BRIDGE, PRESTON, PR5 6BP.
|
|
|
155 SLATEFORD ROAD, EDINBURGH, MIDLOTHIAN,
EH14 1NZ.
|
|
|
QUEDGELEY DISTRICT
CENTRE, GLOUCESTER, GLOUCESTERSHIRE, GL2 4PF.
|
|
|
UNITS G & H THE
TRIUMPH CENTRE, HUNTS CROSS, LIVERPOOL,
MERSEYSIDE, L24 9GB.
|
|
|
HALTON DISTRICT
CENTRE, SELBY ROAD,
LEEDS, LS15 7JR.
|
|
|
31 OLD BURLINGTON STREET, LONDON, W1S 3AS.
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
15
|
36
|
55
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
15/06/2012
|
Miscellaneous
|
|
01/06/2012
|
Miscellaneous
|
|
29/05/2012
|
Miscellaneous
|
|
25/05/2012
|
Miscellaneous
|
|
25/05/2012
|
Miscellaneous
|
|
25/05/2012
|
Miscellaneous
|
|
21/05/2012
|
Miscellaneous
|
|
18/05/2012
|
Miscellaneous
|
|
14/05/2012
|
Miscellaneous
|
|
09/05/2012
|
Miscellaneous
|
|
09/05/2012
|
Miscellaneous
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|
24/04/2012
|
Miscellaneous
|
|
17/04/2012
|
Miscellaneous
|
|
17/04/2012
|
Miscellaneous
|
|
29/03/2012
|
Miscellaneous
|
|
12/03/2012
|
Miscellaneous
|
|
08/03/2012
|
Miscellaneous
|
|
08/03/2012
|
Miscellaneous
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|
08/03/2012
|
Miscellaneous
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|
08/03/2012
|
Miscellaneous
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|
05/03/2012
|
Miscellaneous
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|
05/03/2012
|
Miscellaneous
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|
28/02/2012
|
Miscellaneous
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|
21/02/2012
|
Miscellaneous
|
|
20/02/2012
|
Miscellaneous
|
|
16/02/2012
|
Miscellaneous
|
|
08/02/2012
|
Miscellaneous
|
|
07/02/2012
|
Miscellaneous
|
|
06/02/2012
|
Miscellaneous
|
|
03/02/2012
|
Miscellaneous
|
|
01/02/2012
|
Miscellaneous
|
|
26/01/2012
|
Miscellaneous
|
|
26/01/2012
|
Miscellaneous
|
|
24/01/2012
|
Miscellaneous
|
|
18/01/2012
|
Miscellaneous
|
|
05/01/2012
|
Miscellaneous
|
|
12/12/2011
|
Miscellaneous
|
|
08/12/2011
|
Miscellaneous
|
|
07/12/2011
|
Miscellaneous
|
|
25/11/2011
|
Miscellaneous
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
|
Amount Summary
|
285
|
|
Count Summary
|
1
|
|
Unsettled Amount Summary
|
285
|
|
Highest Amount Summary
|
285
|
0
|
0
|
|
Details of the most recent CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
12/05/2009
|
285
|
Judgment
|
9XZ55021
|
|
NORTHAMPTON CCBC
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
8
|
|
Number Outstanding
|
1
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
7
|
|
|
|
|
Date of Latest Mortgage Created
|
30/03/2010
|
|
Date of Latest Satisfaction
|
07/04/2010
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
07/04/2010
|
30/03/2010
|
Debenture
|
MG01
|
The Royal Bank Of Scotland Plc
|
|
07/04/2010
|
24/01/2007
|
18/01/2007
|
Deed Of Accession And Charge
|
395
|
Kaupthing Bank Hf (In Its Capacity As Security Agent For The
|
|
27/10/1998
|
19/05/1994
|
06/05/1994
|
Legal Charge
|
395
|
Barclays Bank Plc
|
|
27/10/1998
|
25/04/1991
|
11/04/1991
|
Debenture
|
N/A
|
Barclays Bank Plc
|
|
29/06/1992
|
|
11/04/1991
|
Debenture
|
N/A
|
|
|
29/06/1992
|
|
11/04/1991
|
Debenture
|
N/A
|
|
|
29/06/1992
|
08/05/1987
|
05/05/1987
|
Mortgage Debenture
|
N/A
|
National Westminster Bank Plc
|
|
11/02/1994
|
30/06/1992
|
25/06/1992
|
Debenture
|
N/A
|
Credit Lyonais
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
18/05/2012
|
Companies House Gazette
|
All documents required to be delivered to the registrar under
section 441 (annual accounts and reports)
|
|
26/05/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
16/04/2011
|
Companies House Gazette
|
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by
|
|
23/11/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
08/04/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
30/03/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
08/02/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
08/11/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
17/01/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
10/01/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
11/12/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
04/08/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
28/03/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
05/12/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
21/10/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
02/10/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
25/01/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
02/06/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
16/04/1998
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
18/03/1998
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
MR PAUL JOHN THOMAS GILBERT
|
|
Service Address
|
OLDFIELD, ST MARY'S
ROAD, BOWDEN, CHESHIRE, WA14 2PJ.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
07/06/1962
|
|
Appointment Date
|
01/02/2007
|
|
Other Directorships
|
HPO1 NOMINEES LIMITED, JONMAR LIMITED, MATALAN
LIMITED, MATALAN TRAVEL LIMITED, MATALAN HOLDING COMPANY LIMITED, MATALAN
INVESTMENTS LIMITED, THE GYM LIMITED, MATALAN FINANCE
PLC, MATALAN GROUP LIMITED, LEAP ADVISORY LTD
|
Directors
|
Director
|
JOHN NICHOLAS MILLS
|
|
Service Address
|
8 WELBECK
ROAD ELLESMERE PARK, ECCLES, MANCHESTER, LANCASHIRE,
M30 9EH.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
26/04/1955
|
|
Appointment Date
|
02/01/2007
|
|
Other
Directorships
|
HPO1 NOMINEES
LIMITED, JONMAR LIMITED, MATALAN LIMITED, CENTRE PARK
WARRINGTON (MANAGEMENT) LIMITED, WOLSEY LIMITED, MATALAN TRAVEL
LIMITED, JULIEN MACDONALD LIMITED, MATALAN HOLDING COMPANY
LIMITED, MATALAN INVESTMENTS LIMITED, MARO DEVELOPMENTS
LIMITED, MARO INVESTMENTS LIMITED, MANCHESTER PROPERTY &
DEVELOPMENT (NO.2) LIMITED, CENTRAL PLACE MANAGEMENT (WILMSLOW)
LIMITED, 188 LORD STREET MANAGEMENT COMPANY LIMITED, THE BAYLEY
MANAGEMENT COMPANY LIMITED, STEAM MILL DEPOSITORY MANAGEMENT COMPANY
LIMITED, HEATH GATE (HALE) MANAGEMENT LIMITED, STEPTRONIC
FOOTWEAR LIMITED, MATALAN FINANCE PLC, MATALAN GROUP
LIMITED, OLLERTON DEVELOPMENTS LIMITED, JAYMAX LIMITED, WOLSEY
ACQUISITIONS UK LIMITED, ESEGE LIMITED, TOOT HILL
SCHOOL, FENN, WRIGHT AND MANSON LIMITED
|
|
Director
|
MR PAUL JOHN THOMAS GILBERT
|
|
Service
Address
|
OLDFIELD, ST MARY'S ROAD,
BOWDEN, CHESHIRE, WA14 2PJ.
|
|
Country of
Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
07/06/1962
|
|
Appointment
Date
|
01/02/2007
|
|
Other
Directorships
|
HPO1 NOMINEES
LIMITED, JONMAR LIMITED, MATALAN LIMITED, MATALAN TRAVEL
LIMITED, MATALAN HOLDING COMPANY LIMITED, MATALAN INVESTMENTS
LIMITED, THE GYM LIMITED, MATALAN FINANCE PLC, MATALAN GROUP
LIMITED, LEAP ADVISORY LTD
|
|
Director
|
MR DARREN ANTHONY BLACKHURST
|
|
Service
Address
|
GILLIBRANDS ROAD,
SKELMERSDALE, WEST LANCASHIRE,
WN8 9TB.
|
|
Country of
Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
10/07/1966
|
|
Appointment
Date
|
26/05/2011
|
|
Other
Directorships
|
HPO1 NOMINEES
LIMITED, JONMAR LIMITED, MATALAN LIMITED, MATALAN TRAVEL
LIMITED, MATALAN HOLDING COMPANY LIMITED, MATALAN INVESTMENTS
LIMITED, MATALAN FINANCE PLC, MATALAN GROUP LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,000
|
|
Principal Shareholder
|
1,000 Matalan Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
MATALAN LIMITED
|
|
Ultimate Parent
|
MISSOURI TOPCO LTD, a company incorporated in GUERNSEY
|
General Information
|
The company reports EBITDA for year to February 25 2012 of GBP 91.1m
(down from GBP 154.00m).Year end debt is reported as GBP 360.00m. Total
Sales reported as up 1.9% but like-for-like sales down 0.4%.
|
Financial Data
– Statutory
Accounts
Profit and Loss
The following
figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
25/02/2012
|
26/02/2011
|
27/02/2010
|
28/02/2009
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
1117500
|
1096500
|
1104100
|
1020000
|
|
Cost of goods sold
|
990000
|
910200
|
894300
|
853400
|
|
GROSS PROFIT
|
127500
|
186300
|
209800
|
166600
|
|
Wages and Salaries
|
131300
|
128300
|
130700
|
118700
|
|
Directors Emoluments
|
2800
|
6600
|
4300
|
4300
|
|
Auditors Fees
|
100
|
100
|
100
|
100
|
|
Non-Audit Fees
|
200
|
400
|
200
|
300
|
|
Trading Profit
|
78700
|
138500
|
154300
|
118100
|
|
Depreciation
|
21400
|
24200
|
24900
|
27000
|
|
OPERATING PROFIT
|
57300
|
114300
|
129400
|
91100
|
|
Non Trading Income
|
600
|
1500
|
400
|
1300
|
|
Interest Payable
|
48000
|
43000
|
26600
|
38600
|
|
PRE TAX PROFIT
|
9900
|
72800
|
103200
|
53800
|
|
Taxation
|
(1400)
|
20800
|
35800
|
17600
|
|
PROFIT AFTER TAX
|
11300
|
52000
|
67400
|
36200
|
|
Dividends Payable
|
|
60000
|
400
|
|
|
RETAINED PROFITS
|
11300
|
(8000)
|
67000
|
36200
|
Balance Sheet
The following
figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
25/02/2012
|
26/02/2011
|
27/02/2010
|
28/02/2009
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
177800
|
186700
|
187000
|
203400
|
|
Tangible Assets
|
157800
|
164300
|
166600
|
185300
|
|
Fixed Assets
|
156700
|
160300
|
162300
|
168300
|
|
Intermediate assets
|
1100
|
4000
|
4300
|
17000
|
|
Intangible Assets
|
20000
|
22400
|
20400
|
18100
|
|
TOTAL CURRENT ASSETS
|
433800
|
419700
|
400900
|
349900
|
|
Trade debtors
|
4300
|
|
|
|
|
Stocks
|
131800
|
120000
|
105500
|
106400
|
|
Other Current Assets
|
297700
|
299700
|
295400
|
243500
|
|
Misc Current Assets
|
17700
|
18400
|
33400
|
85100
|
|
Due From Group
|
184000
|
198300
|
164300
|
103400
|
|
Cash
|
96000
|
83000
|
97700
|
55000
|
|
TOTAL ASSETS
|
611600
|
606400
|
587900
|
553300
|
|
TOTAL CURRENT LIABILITIES
|
288600
|
308800
|
248600
|
232400
|
|
Trade creditors
|
80300
|
80600
|
71500
|
79700
|
|
Short Term Loans
|
144500
|
155600
|
84100
|
83400
|
|
Other Finance
|
1200
|
12300
|
400
|
|
|
Due To Group
|
143300
|
143300
|
83700
|
83400
|
|
Other Liabilities
|
63800
|
72600
|
93000
|
69300
|
|
WORKING CAPITAL
|
145200
|
110900
|
152300
|
117500
|
|
TOTAL LONG TERM LIABS
|
59600
|
59000
|
63200
|
75100
|
|
Long Term Loans
|
|
2500
|
|
|
|
Other Finance
|
|
2500
|
|
|
|
Other Liabilities
|
59600
|
56500
|
63200
|
75100
|
|
NET ASSETS/(LIABILITIES)
|
263400
|
238600
|
276100
|
245800
|
|
SHARE CAPITAL + RESERVES
|
263400
|
238600
|
276100
|
245800
|
|
Share Cap + Sundry Res
|
1600
|
(9600)
|
13200
|
53700
|
|
Sundry Reserves
|
1600
|
(9600)
|
13200
|
53700
|
|
Profit and Loss account
|
261800
|
248200
|
262900
|
192100
|
|
SHAREHOLDERS FUNDS
|
263400
|
238600
|
276100
|
245800
|
|
CAPITAL EMPLOYED
|
323000
|
297600
|
339300
|
320900
|
Financial
Comparison
The following
figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
25/02/2012
|
26/02/2011
|
27/02/2010
|
28/02/2009
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
80000
|
79400
|
117300
|
77400
|
|
Increase in Cash
|
13000
|
(14700)
|
42700
|
(11100)
|
|
Directors Remuneration
|
2800
|
6600
|
4300
|
4300
|
|
Auditors Remuneration
|
100
|
100
|
100
|
100
|
|
Liquid Assets
|
100300
|
83000
|
97700
|
55000
|
|
Net Working Capital
|
145200
|
110900
|
152300
|
117500
|
|
Long Term Debt(>12 Months)
|
|
2500
|
|
|
|
Other Deferred Liabs
|
59600
|
56500
|
63200
|
75100
|
|
Tangible Net Worth(T.N.W)
|
243400
|
216200
|
255700
|
227700
|
|
Equity
|
263400
|
238600
|
276100
|
245800
|
|
Number of Years Trading
|
25
|
24
|
23
|
22
|
|
Number of Employees
|
15858
|
16144
|
16627
|
15041
|
|
Profit per Employee
|
624.3
|
4509.4
|
6206.8
|
3576.9
|
|
Sales per Employee
|
70469.2
|
67920
|
66404
|
67814.6
|
Key Credit
Ratios
The following
figures are shown as Ratios or Percentages
|
Accounts Date
|
25/02/2012
|
26/02/2011
|
27/02/2010
|
28/02/2009
|
|
Current Ratio
|
1.5
|
1.4
|
1.6
|
1.5
|
|
Pre Tax Profit Margin%
|
0.9
|
6.6
|
9.3
|
5.3
|
|
Gross Profit%
|
11.4
|
17
|
19
|
16.3
|
|
Debtors Days (D.S.O)
|
1
|
|
|
|
|
Creditors Days (D.P.O)
|
26
|
27
|
24
|
29
|
|
Quick Ratio
|
1
|
1
|
1.2
|
1
|
|
W.I.P/Inventory Days
|
48.6
|
48.1
|
43.1
|
45.5
|
|
Return on Investment%
|
12.4
|
25.6
|
30.7
|
22.9
|
|
Return on Assets%
|
1.6
|
12
|
17.6
|
9.7
|
|
T.N.W/Total Assets%
|
39.8
|
35.7
|
43.5
|
41.2
|
|
Return on Capital%
|
3.1
|
24.5
|
30.4
|
16.8
|
|
Rtn on Shareholders Funds%
|
3.8
|
30.5
|
37.4
|
21.9
|
|
Working Capital/Sales%
|
13
|
10.1
|
13.8
|
11.5
|
|
Borrowing Ratio%
|
59.4
|
73.1
|
32.9
|
36.6
|
|
Equity Gearing%
|
75.6
|
64.9
|
88.6
|
79.9
|
|
Stock Turnover
|
8.5
|
9.1
|
10.5
|
9.6
|
|
Days Purchases Outstanding
|
29.6
|
32.3
|
29.2
|
34.1
|
|
Sales/Fixed Assets
|
7.1
|
6.8
|
6.8
|
6.1
|
|
Debt Gearing
|
|
1.2
|
|
|
Key Industry Sector Trends
|
Year
|
2012
|
2011
|
2010
|
2009
|
|
Sample Size
|
1030
|
29739
|
37423
|
36398
|
|
Pre-Tax Profit Margin
|
5.4
|
2.2
|
1.6
|
1
|
|
Current Ratio
|
1.7
|
1.3
|
1.3
|
1.3
|
|
Borrowing Ratio
|
81.9
|
40.2
|
24.6
|
17.5
|
|
Return on Capital
|
34.4
|
35.6
|
38.5
|
37.8
|
|
Creditors Days
|
37
|
94
|
116
|
94
|
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
25/02/2012.
Turnover
The subjects turnover has increased by 2 % in the year.
Operating Profit
Totalled GBP 57,300,000. In the year prior a Profit of GBP
114,300,000 was achieved.
Pre Tax Profit
The subject's profit decreased by 86 % over the previous
year.
Working Capital
The company's working capital has increased by 31 % in the
period.
Net Worth
Net worth has increased by 10 % and now stands at GBP
263,400,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP
8,900,000 to GBP 177,800,000 and are now 29 % of total assets compared with
30 % in the previous year.
Long Term Liabilities
The company's long term liabilities increased during the
period by 1% and are now 23 % of net worth compared with 25 % in the previous
period.
Long Term Liabilities
Long term liabilities are now 10 % of total liabilities
compared with 10 % in the previous period.
Long Term Liabilities
Long term liabilities are 18 % of capital employed, a
decrease of 2 % over the previous period.
|