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Tesco plc
Registration Number
00445790Incorporation Date
27/11/1947Last Annual Return
Not availableAddress
Tesco House Shire Park, Kestrel Way, Welwyn Garden City, Hertfordshire. AL7 1GA
Website
www.tescoplc.comAudit Fees
£14900,000Secretary
Mr Christopher Taylor
Directors
Active
Ms Melissa Bethell (51 yrs)
Active
Ms Carolyn Julie Fairbairn (65 yrs)
Active
Mr Stewart Gilliland (69 yrs)
Active
Mr Gerard Martin Murphy (70 yrs)
Active
Mr Bertrand Bodson (50 yrs)
Active
Mr Thierry Dominique Gerard Garnier (60 yrs)
Active
Chris Kennedy (62 yrs)
Active
Mr Ken Murphy (59 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 26-Feb-22 | 25-Feb-23 | 24-Feb-24 | 22-Feb-25 | 21-Feb-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 61344000 | 65762000 | 68187000 | 69916000 | 70270568 |
| Directors Fees | 13967 | 9275 | 16925 | 15921 | 15921 |
| Gross Profits | 4633000 | 3661000 | 4849000 | 5051000 | 5076615 |
| Value Added | 11516000 | 10780000 | 11756000 | 12441000 | 12993864 |
| Trading Profit | 4050000 | 3124000 | 3595000 | 3825000 | 5121417 |
| Depreciation | 1490000 | 1599000 | 774000 | 1114000 | |
| Non-Trading Income | 24000 | 93000 | 273000 | 250000 | 0 |
| Total Interest Charges | 551000 | 618000 | 805000 | 746000 | 671400 |
| Pre-tax Profit | 2033000 | 1000000 | 2289000 | 2215000 | 3447417 |
| Retained Profit (Shareholders Funds) | 3319000 | -3414000 | -565000 | -3000 | 1329000 |
| Fixed Assets | 22780000 | 22362000 | 17221000 | 17262000 | 16398900 |
| Intangibles | 5360000 | 5375000 | 10544000 | 10656000 | 10123200 |
| Intermediate Assets | 9022000 | 5670000 | 2668000 | 2116000 | 2010200 |
| Stocks | 2339000 | 2510000 | 2635000 | 2768000 | 2318365 |
| Debtors | 457000 | 531000 | 576000 | 652000 | 557011 |
| Cash or Equivalent | 9393000 | 9684000 | 13395000 | 5436000 | 3066490 |
| Total Current Assets | 12189000 | 12725000 | 16606000 | 8856000 | 5941866 |
| Creditors | 6082000 | 6802000 | 7593000 | 7753000 | 8961166 |
| Short Term Borrowing | 6010000 | 6857000 | 1651000 | 1868000 | 0 |
| Other Current Liabilities | 4047000 | 4076000 | 11228000 | 4199000 | 4199000 |
| Total Current Liabilities | 16139000 | 17735000 | 20472000 | 13820000 | 13160166 |
| Net Current Assets | -3950000 | -5010000 | -3866000 | -4964000 | -7218300 |
| Shareholders Funds | 15644000 | 12230000 | 11665000 | 11662000 | 12991000 |
| Total Loan Capital | 15735000 | 14978000 | 6483000 | 5089000 | 0 |
| Other Capital Employed | 1849000 | 1200000 | 8425000 | 8323000 | 8323000 |
| Total Capital Employed | 33228000 | 28408000 | 26573000 | 25074000 | 21314000 |
| Pretax Profit Margin % | 3.31 | 1.52 | 3.36 | 3.17 | 4.91 |
| Sales Growth % | 6 | 7 | 4 | 3 | 1 |
| Pretax Profit Growth % | 146 | -51 | 129 | -3 | 56.00 |
| Debtor Ratio Days | 3 | 3 | 3 | 3 | 2.8853023628354 |
| Creditor Ratio Days | 36 | 38 | 41 | 40 | 46.4186423708451 |
| Stock Turnover | 26 | 26 | 26 | 25 | 30.3104046242774 |
| Sales £000 / Employee | 265 | 296 | 302 | 302 | 332.367876297036 |
| Value Added £000/Empl. | 50 | 48 | 52 | 54 | 61.4587937036476 |
| Av. Remun. £000 / Empl. | 32 | 34 | 36 | 37 | 37.23535284127 |
| Total Empl. Remu. £000 | 7466000 | 7656000 | 8161000 | 8616000 | 7872447.23911267 |
| Employees | 231223 | 222306 | 225659 | 231393 | 211424 |
| Pretax Profit/Total Assets % | 4 | 2 | 5 | 6 | 10 |
Company Summary
- The Plimsoll Chart is low and falling indicating a decline in financial strength.
- Total Sales have increased by 2.5% in the latest year, well above the industry average of 0.3%.
- The company lies an excellent 1st in terms of Total Sales in this industry.
- The company lies an excellent 2nd in terms of Pretax Profits in this industry.
- Sales per Employee is £302,000 which is well above the industry average of £167,000.
- The average salary is £37,000 which is well above the industry average of £21,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 23% towards the Total Sales of the company.
- Pretax Profit Margin is 3.2% in the latest year, well above the industry average of 1.9%.
- Shareholders received £864.0m in dividends this year, over 39% of the pretax profits of the company.
- The company would have made a significantly higher profit but for interest payments of £746.0m.
- The company is among the Top 10 in terms of Trading Profits.
- The company is among the Top 22 Leaders in Efficiency.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £70bn sales and made £2bn, by following the proposal plan, sales would be level but profits would rise to £3bn.
Key Attractiveness Features
- ADD £70bn TO SALES
- LOW RATING
- HIGH INTEREST PAYMENTS
- HIGH DIVIDEND
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 26-Feb-22 | 25-Feb-23 | 24-Feb-24 | 22-Feb-25 | 21-Feb-26 |
| Total Sales (£000) | 61344000 | 65762000 | 68187000 | 69916000 | 70270568 |
| Pre-tax Profit (£000) | 2033000 | 1000000 | 2289000 | 2215000 | 3447417 |
| Total Value (£000) | 52827835 | 44119375 | 47833625 | 47088605 | 52081366 |
| Asset Value (£000) | 39958000 | 36448000 | 33644000 | 33454000 | 31407676 |
| Goodwill (£000) | 12869835 | 7671375 | 14189625 | 13634605 | 20673690 |
| Liabilities (£000) | -24330000 | -24229000 | -21985000 | -21796000 | -18416676 |
| Equity Value (£000) | 28497835 | 19890375 | 25848625 | 25292605 | 33664690 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BLACKROCK INC.
MURPHY KEN /BOOTS
MR IMRAN NAWAZ
GILLILAND STEWART
Immediate Shareholder: See Shareholders
Subsidiaries
ARENA (JERSEY) MANAGEMENT LTD
BOLBU BETEILIGUNGSGESELLSCHAFT AG
BUTTONCASE LTD
CHESHUNT HOLDINGS GUERNSEY LTD
LAUNCHGRAIN LTD
SPEN HILL PROPERTIES (HOLDINGS) PLC
TAPESILVER LTD
TESCO ATRATO UNIT TRUST
TESCO CORPORATE TREASURY SERVICES PLC
TESCO HOLDINGS LTD
Acquisition / Valuation Comments
This company has been established 79 years.
4 directors are over 60 years of age.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £47.1bn including debts.
The equity value, after deducting debts is £25bn.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 11% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 326%.
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