MIRA INFORM REPORT

Report Date :

05.08.2014

IDENTIFICATION DETAILS

Name :	DEBENHAMS RETAIL PLC
Formerly Known As :	DEBENHAMS RETAIL LIMITED
Registered Office :	10 Brock Street, Regent's Place, London, NW1 3FG
Country :	United Kingdom
Financials (as on) :	31.08.2013
Date of Incorporation :	28.06.2005
Legal Form :	Public limited with share capital
Line of Business :	Sale of fashion clothing and accessories, cosmetics and products
No. of Employees	26,835

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

UNITED KINGDOM ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

Source : CIA

Company name and address

DEBENHAMS RETAIL PLC

Registered address 10 Brock Street,

Regent's Place, London,

NW1 3FG

Trading address 10 Brock Street,

Regent's Place, London,

NW1 3FG

Website http://www.debenhams.com

Incorporation date : 28/01/1905

TPS –

FPS No

Type Public limited with share capital

Filing date of accounts 28/02/2014

Currency GBP

Share Capital Euro 44,624,538

SIC07 70100

Activity Sale of fashion clothing and accessories, cosmetics and products

DIRECTORS/MANAGEMENT

Current Directors

Name	Michael John Todkill Sharp	Date of Birth	22/03/1957
Officers Title	Mr	Nationality	British
Present Appointments	27	Function	Director
Appointment Date	31/03/2010
Address	10 Brock Street, Regent's Place, London, NW1 3FG
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Suzanne Harlow	Date of Birth	19/07/1966
Officers Title	Ms	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	02/01/2014
Address	10 Brock Street, Regent's Place, London, NW1 3FG
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Paul Rex Eardley	Date of Birth	13/09/1960
Officers Title	Mr	Nationality	British
Present Appointments	25	Function	Company Secretary
Appointment Date	15/10/2007
Address	10 Brock Street, Regent's Place, London, NW1 3FG

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
David Wilson	15	76
John Ormond Davies	0	9
John Hodges	54	180
James William Murphy	2	12
Terence Anthony Green	1	6
Peter Thomas Kaursland	0	6
Guy Antony Johnson	12	71
Guy Antony Johnson	12	71
Christopher Kevin Woodhouse	25	165
Edward Matthew Giles Roberts	0	8
Jane Heather Ruth Guillaume	0	7
Peter Martyn Betts	2	2
Paul Beverley Loft	7	11
Andrew Thomas Higginson	17	183
Ian Peter Jackman	34	158
Ian Peter Jackman	34	158
John David Lovering	18	120
Philip Oliver Wrigley	15	26
Nigel Brian Palmer	0	4
Belinda Jane Earl	0	3
Robert William Templeman	3	60
Richard Conway North	1	29
Hugh Rowland Bradley	2	2
John Lee Hoerner	4	14
Simon Edward Herrick	13	53

NEGATIVE INFORMATION

Total Mortgage 19

Outstanding 0

Satisfied 19

CCJ

Total Number of Exact CCJs -	6	Total Value of Exact CCJs -	£17,430
Total Number of Possible CCJs -	1	Total Value of Possible CCJs -	£208
Total Number of Satisfied CCJs -	1	Total Value of Satisfied CCJs -	£650
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
23/07/2013	NORTHAMPTON CCMCC	£1,386	Judgement	3YL24566	-
07/05/2013	WHITEHAVEN	£900	Judgement	2YJ55395	-
21/06/2012	TORQUAY	£11,013	Judgement	1IQ61902	-
03/01/2012	NORTHAMPTON CCBC	£174	Judgement	1QZ38115	-
29/07/2011	CENTRAL LONDON	£1,621	Judgement	1CL85036	-

Possible CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ / CJ Details
03/01/2014	NORTHAMPTON CCBC	£208	Judgement	3XC66804	-	DEBENHAMS, 3 CHARTER SQUARE, BURY ST EDMUNDS, SUFFOLK, IP33 3FD, IP33 3FD

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
23/07/2013	NORTHAMPTON CCMCC	£1,386	Judgement	3YL24566	-
07/05/2013	WHITEHAVEN	£900	Judgement	2YJ55395	-
21/06/2012	TORQUAY	£11,013	Judgement	1IQ61902	-
03/01/2012	NORTHAMPTON CCBC	£174	Judgement	1QZ38115	-
29/07/2011	CENTRAL LONDON	£1,621	Judgement	1CL85036	-
07/10/2009	PLYMOUTH	£2,336	Judgement	9PL03414	-
01/04/2009	BIRKENHEAD	£650	Satisfied	8BI80364	26/06/2009

Possible CCJs Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ Details
03/01/2014	NORTHAMPTON CCBC	£208	Judgement	3XC66804	-	DEBENHAMS, 3 CHARTER SQUARE, BURY ST EDMUNDS, SUFFOLK, IP33 3FD, IP33 3FD

Writ Details

No writs found

Mortgage Details

Mortgage Type:	DEED OF ACCESSION AND CHARGE
Date Charge Created:	27/06/05
Date Charge Registered:	06/07/05
Date Charge Satisfied:	13/07/06
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE,LONDON BRANCH
Amount Secured:	ALL MONEYS DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE, AS OWED OR INCURRED BY EACH BENEFICIARY UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	22/04/04
Date Charge Registered:	06/05/04
Date Charge Satisfied:	17/05/05
Status:	SATISFIED
Person(s) Entitled:	BAYERISCHE LANDESBANK (ACTING THROUGH ITS LONDON BRANCH AS SECURITY AGENT FOR ITSELF AND THEOTH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE BENEFICIAL OWNER (ROADSTREAM LIMITED) TO THE CHARGEE UNDERTHE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	L/H PREMISES AT MAGDALENE STREET, OXFORD T/N:ON225969. FIRST FIXED CHARGE ALL OF ITS RIGHTS AND BENEFIT UNDER ANY AGREEMENT RELATING TO THE ACQUISITION OF THE MORTGAGED PROPERTIES, ALL PLANT AND MACHINERY, ALL OF ITS BENEFITS, CLAIMS AND RETURNS OF PREMIUMS IN RESPECT OF THE INSURANCES, ITS BOOK ANDOTHER DEBTS, ALL OF ITS RIGHT, TITLE, AND INTEREST (IF ANY) UNDER THE INSURANCES

Mortgage Type:	DEED OF ACCESSION AND CHARGE
Date Charge Created:	19/12/03
Date Charge Registered:	22/12/03
Date Charge Satisfied:	17/07/04
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE FIRST BOSTON, LONDON BRANCH AS SECURITY AGENT
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE SECURITY AGENT FOR THE BENEFICIARIES UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/10/88
Date Charge Registered:	14/11/88
Date Charge Satisfied:	07/08/03
Status:	SATISFIED
Person(s) Entitled:	CREWFLEET LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	VARIOUS PROPERTIES IN CLEVELAND, SOMERSET WEST SUSSEX, BOURNEMOUTH AND/OR THE PROCEEDS OF SALE THEREOF (FOR FULL DETAILS SEE FORM 395)

Mortgage Type:	DEED OF ADMISSION
Date Charge Created:	23/07/86
Date Charge Registered:	05/08/86
Date Charge Satisfied:	14/11/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER SUPPLEMENTAL TO A LETTER OF SET-OFF DATED 1 APRIL1986
Details:	ANY SUMS OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY PRESENT OF FUTURE ACCOUNT WITH THEBANK

Mortgage Type:	OMNIBUS GUARANTEE AND SET OFF AGREEMENT
Date Charge Created:	01/04/86
Date Charge Registered:	11/04/86
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY PRESENT OF FUTURE ACCOUNT OF THE COMPANY WITH THE BANK

Mortgage Type:	REVERSIONARY LEASE
Date Charge Created:	21/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	ULSTER BANK PROVIDENT FUND INVESTMENTS LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGEE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 24-32 HIGH STREET BROMLEY KENT AS MORE PARTICULARLY DEFINED IN THE LEASES.

Mortgage Type:	LEASE
Date Charge Created:	21/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	ULSTER BANK PROVIDENT FUND INVESTMENTS LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGEE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 24-32 HIGH STREET BROMLEY KENT AS MORE PARTICULARLY DEFINED IN THE LEASES

Mortgage Type:	REVERSIONARY LEASE
Date Charge Created:	22/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	PENSMAN NOMINEES LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGEE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 56-72 MARKET PLACE ROMFORD ESSEX AS MORE PARTICULAR DEFINED IN LEASES

Mortgage Type:	LEASE
Date Charge Created:	22/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	PENSMAN NOMINEES LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 56-72 MARKET PLACE ROMFORD ESSEX AS MORE PARTICULARLY DEFINED IN LEASES

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	15/10/70
Date Charge Registered:	26/10/70
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 SECURED BY TRUST DEED DATED 10/3/43 AND DEED SUPPLEMENTAL THERETO.
Details:	L/H PROPERTY PARTS OF NOS. 30 TO 40 (EVEN) MARYLEBONE LANE, NOS. 14, 14A,14B,14C AND PART 15 AND 15AHENRIETTA PLACE AND NOS 74 TO 77 (ALL) WELBECK ST. LONDON BOROUGH OF CITY OF WESTMINSTER.

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	12/05/66
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	EXCHANGE ASSURANCE
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	12/05/66
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	ROYAL EXCHANGE ASSURANCE ROYAL
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	07/08/64
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	EXCHANGE ASSURANCE
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	07/08/64
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	ROYAL EXCHANGE ASSURANCE ROYAL
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	14/07/59
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	ROYAL EXCHANGE ASSURANCE ROYAL
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	14/07/59
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	EXCHANGE ASSURANCE
Amount Secured:
Details:

Mortgage Type:	INSTRUMENT OF CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 43
Date Charge Created:	13/07/56
Date Charge Registered:	19/07/56
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	F/H BEACON HOUSE (FORMERLY KNOWN AS THEQUEENS HOTEL) CLIFTON BRISTOL

Mortgage Type:	INSTRUMENT OF CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 43
Date Charge Created:	13/07/56
Date Charge Registered:	19/07/56
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	VARIOUS L/H & F/H PROPERTIES IN LONDON FOR DETAILS SEE DOC 174

Mortgage Type:	CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 1943
Date Charge Created:	08/02/49
Date Charge Registered:	11/02/49
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	L/H NO 3 WELBECK WAY ST MARYLEBONE LONDON

Mortgage Type:	CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 43
Date Charge Created:	07/05/47
Date Charge Registered:	21/05/47
Date Charge Satisfied:	31/07/91
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	L/H 85 WIMPOLE STREET & 76 WIMPOLE ST. & 16 WELBECK WAY ST MARYLEBONE LONDON

Mortgage Type:	CHARGE SUPPLEMENTAL TO TRUST DEED DATED10 MAR 43
Date Charge Created:	21/07/43
Date Charge Registered:	30/07/43
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	VARIOUS L/H & F/H PROPERTIES OF THE COMPANY IN LONDON FOR DETAILS SEE DOC 123

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£22,673

Company Name	Amount	Statement Date
Water Choice Ltd	£22,673	10/07/2012

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
DEBENHAMS GROUP HOLDINGS LTD	GBP	178,498,151	ORDINARY	0.25
PAUL REX EARDLEY	GBP	1	ORDINARY	0.25

PAYMENT INFORMATION

Average Invoice Value	£1028.10
Invoices available	2944
Paid	1825
Outstanding	1119

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	233	1122	352	56	62
Outstanding	719	203	38	11	148

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

Statistics

Group	19 companies
Linkages	5 companies
Countries	In 1 countries

Other Linked companies

Name	Number	Latest Key Financials	Turnover
A.G. RETAIL HOLDINGS (IRELAND) LIMITED	IE244463	31.08.2013	€2,436
MISS SELFRIDGE RETAIL (IRELAND) LIMITED	IE445103	31.08.2013	€4,489,016
WALLIS RETAIL (IRELAND) LIMITED	IE445104	31.08.2013	€14,391,934
ARCADIA GROUP MULTIPLES (IRELAND) LIMITED	IE238757	31.08.2013	€24,046,232
TOP SHOP/TOP MAN (IRELAND) LIMITED	IE519049	31.08.2013	€29,724,085

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10	(%)	29/08/09
Weeks	52	(%)	52	(%)	53	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£2,075,600,000	2.7%	£2,020,200,000	-0.4%	£2,027,900,000	3.7%	£1,956,200,000	5.6%	£1,853,200,000
Export	£94,200,000	4.3%	£90,300,000	-	-	-	-	-	-
Cost of Sales	£1,784,400,000	2.7%	£1,738,000,000	0.7%	£1,726,100,000	4.3%	£1,654,400,000	4.2%	£1,587,800,000
Gross Profit	£291,200,000	3.2%	£282,200,000	-6.5%	£301,800,000	-	£301,800,000	13.7%	£265,400,000
Wages & Salaries	£293,000,000	-1.8%	£298,500,000	0.7%	£296,400,000	-0.8%	£298,700,000	3.1%	£289,800,000
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	£161,100,000	-3%	£166,100,000	-17.1%	£200,300,000	-7.3%	£216,100,000	16.9%	£184,900,000
Depreciation	£75,800,000	8.3%	£70,000,000	0.9%	£69,400,000	-5.7%	£73,600,000	-8%	£80,000,000
Audit Fees	£200,000	100%	£100,000	-	£100,000	-66.7%	£300,000	-	£300,000
Interest Payments	£15,100,000	0.7%	£15,000,000	72.4%	£8,700,000	-5.4%	£9,200,000	-62.6%	£24,600,000
Pre Tax Profit	£228,100,000	18.9%	£191,800,000	-10.4%	£214,000,000	-6.8%	£229,700,000	9.4%	£210,000,000
Taxation	-£37,700,000	25.5%	-£50,600,000	-5%	-£48,200,000	21%	-£61,000,000	-19.1%	-£51,200,000
Profit After Tax	£190,400,000	34.8%	£141,200,000	-14.8%	£165,800,000	-1.7%	£168,700,000	6.2%	£158,800,000
Dividends Payable	-	-100%	£130,000,000	-13.3%	£150,000,000	25%	£120,000,000	-	£120,000,000
Retained Profit	£190,400,000	999.9%	£11,200,000	-29.1%	£15,800,000	-67.6%	£48,700,000	25.5%	£38,800,000

Balance Sheet

Date Of Accounts	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10	(%)	29/08/09
Tangible Assets	£605,100,000	7.6%	£562,100,000	9.7%	£512,200,000	4.9%	£488,100,000	13.3%	£430,700,000
Intangible Assets	£11,200,000	-10.4%	£12,500,000	-9.4%	£13,800,000	-8.6%	£15,100,000	28%	£11,800,000
Total Fixed Assets	£616,300,000	7.3%	£574,600,000	9.2%	£526,000,000	4.5%	£503,200,000	13.7%	£442,500,000
Stock	£317,900,000	5.9%	£300,200,000	3.2%	£290,900,000	7.9%	£269,700,000	6.2%	£253,900,000
Trade Debtors	£17,400,000	-6.5%	£18,600,000	-6.5%	£19,900,000	13.1%	£17,600,000	-17.8%	£21,400,000
Cash	£33,200,000	-17.4%	£40,200,000	82.7%	£22,000,000	-58.9%	£53,500,000	-70.5%	£181,100,000
Other Debtors	£1,110,200,000	4.3%	£1,064,700,000	14.6%	£928,900,000	31.1%	£708,500,000	-10.1%	£787,800,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,478,700,000	3.9%	£1,423,700,000	12.8%	£1,261,700,000	20.2%	£1,049,300,000	-15.7%	£1,244,200,000
Trade Creditors	£311,800,000	6.8%	£292,000,000	10.7%	£263,700,000	-6.6%	£282,200,000	6.6%	£264,800,000
Bank Loans & Overdrafts	£9,700,000	38.6%	£7,000,000	11.1%	£6,300,000	-	0	-	0
Other Short Term Finance	£632,300,000	-11.9%	£717,800,000	33.5%	£537,800,000	65.2%	£325,500,000	-33.9%	£492,200,000
Miscellaneous Current Liabilities	£185,700,000	-7.7%	£201,100,000	2.3%	£196,600,000	19.6%	£164,400,000	10.8%	£148,400,000
Total Current Liabilities	£1,139,500,000	-6.4%	£1,217,900,000	21.3%	£1,004,400,000	30.1%	£772,100,000	-14.7%	£905,400,000
Bank Loans & Overdrafts and LTL	£58,200,000	-26.3%	£79,000,000	145.3%	£32,200,000	-64.8%	£91,400,000	-18.2%	£111,700,000
Other Long Term Finance	£2,900,000	-35.6%	£4,500,000	221.4%	£1,400,000	100%	£700,000	-98.4%	£43,100,000
Total Long Term Liabilities	£48,500,000	-32.6%	£72,000,000	178%	£25,900,000	-71.7%	£91,400,000	-18.2%	£111,700,000

.

Capital & Reserves

Date Of Accounts	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10	(%)	29/08/09
Called Up Share Capital	£44,600,000	-	£44,600,000	-	£44,600,000	-	£44,600,000	-	£44,600,000
P & L Account Reserve	£826,000,000	31.7%	£627,400,000	-7.2%	£676,400,000	11.3%	£608,000,000	3.3%	£588,600,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£36,400,000	-	£36,400,000	-	£36,400,000	-	£36,400,000	-	£36,400,000
Shareholder Funds	£907,000,000	28%	£708,400,000	-6.5%	£757,400,000	9.9%	£689,000,000	2.9%	£669,600,000

Other Financial Items

Date Of Accounts	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10	(%)	29/08/09
Net Worth	£895,800,000	28.7%	£695,900,000	-6.4%	£743,600,000	10.3%	£673,900,000	2.4%	£657,800,000
Working Capital	£339,200,000	64.8%	£205,800,000	-20%	£257,300,000	-7.2%	£277,200,000	-18.2%	£338,800,000
Total Assets	£2,095,000,000	4.8%	£1,998,300,000	11.8%	£1,787,700,000	15.1%	£1,552,500,000	-8%	£1,686,700,000
Total Liabilities	£1,188,000,000	-7.9%	£1,289,900,000	25.2%	£1,030,300,000	19.3%	£863,500,000	-15.1%	£1,017,100,000
Net Assets	£907,000,000	28%	£708,400,000	-6.5%	£757,400,000	9.9%	£689,000,000	2.9%	£669,600,000

Miscellaneous

Date Of Accounts	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10	(%)	29/08/09
Contingent Liability	YES	-	YES	-	NO	-	YES	-	YES
Capital Employed	£955,500,000	22.4%	£780,400,000	-0.4%	£783,300,000	0.4%	£780,400,000	-0.1%	£781,300,000
Number of Employees	26835	-0.4%	26936	-2.2%	27543	1.3%	27195	999.9%	26
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/08/13	01/09/12	03/09/11	28/08/10	29/08/09
Pre-tax profit margin %	10.99	9.49	10.55	11.74	11.33
Current ratio	1.30	1.17	1.26	1.36	1.37
Sales/Net Working Capital	6.12	9.82	7.88	7.06	5.47
Gearing %	6.40	11.20	4.30	13.30	16.70
Equity in %	43.50	35.70	42.70	44.80	40
Creditor Days	54.68	52.61	48.24	52.51	52.01
Debtor Days	3.05	3.35	3.64	3.27	4.20
Liquidity/Acid Test	1.01	0.92	0.96	1	1.09
Return On Capital Employed %	23.87	24.57	27.32	29.43	26.87
Return On Total Assets Employed %	10.88	9.59	11.97	14.79	12.45
Current Debt Ratio	1.25	1.71	1.32	1.12	1.35
Total Debt Ratio	1.30	1.82	1.36	1.25	1.51
Stock Turnover Ratio %	15.31	14.85	14.34	13.78	13.70
Return on Net Assets Employed %	25.14	27.07	28.25	33.33	31.36

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Enquiries Trend

There have been 359 enquiries in the last 12 months.

There are an average of 30 reports taken each month.

Status

History

No Status History found

Event History

Date	Description
11/07/2014	Annual Returns
12/03/2014	New Accounts Filed
12/03/2014	New Accounts Filed
06/01/2014	Mr S.E. Herrick has left the board
06/01/2014	New Board Member Ms S. Harlow appointed
07/08/2013	Change of Company Postcode
11/07/2013	Change in Reg.Office
11/07/2013	Change of Company Postcode
10/07/2013	Annual Returns
15/01/2013	New Accounts Filed
15/01/2013	New Accounts Filed
10/07/2012	Annual Returns
17/01/2012	Mr C.K. Woodhouse has left the board
17/01/2012	New Board Member Mr S.E. Herrick appointed
04/01/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
28/06/2005	DEBENHAMS RETAIL LIMITED
27/06/2005	DEBENHAMS RETAIL PLC
26/03/2004	DEBENHAMS RETAIL LIMITED
25/03/2004	DEBENHAMS RETAIL PLC
04/03/2004	DEBENHAMS RETAIL LIMITED
03/03/2004	DEBENHAMS RETAIL PLC
04/12/1997	DEBENHAMS PLC

NOTES & COMMENTS

Commentary

Multiple CCJ's recorded against the company.

Sales in the latest trading period increased 2.7% on the previous trading period.

Net Worth increased by 28.7% during the latest trading period.

A 4.8% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 18.9% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 17.4% during the latest trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is part of a group.

The company has changed its year end on multiple occasions.

The company has changed its registered address recently.

The company was established over 109 years ago.

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.02
UK Pound	1	Rs.102.69
Euro	1	Rs.81.91

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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