MIRA INFORM REPORT

 

 

Report Date :

20.12.2014

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

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

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.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.07

UK Pound

1

Rs.98.73

Euro

1

Rs.77.46

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.