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Fortnum & mason plc
Registration Number
00084909Incorporation Date
10/06/1905Last Annual Return
Not availableAddress
181 Piccadilly, London, London. W1A 1ER
Website
www.fortnumandmason.comAudit Fees
£105,000Secretary
Mr Justin Carmichael
Directors
Active
Mr Tom Athron (54 yrs)
Active
Mr Henry Richard Melville Dimbleby (55 yrs)
Active
Ms Tamara Lohan (52 yrs)
Active
Ms Martha Shaffer Wikstrom (69 yrs)
Active
Mr Justin Carmichael (51 yrs)
Active
Ms Anna Catrina Hobhouse (63 yrs)
Active
Mr Garth John Weston (56 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 11-Jul-21 | 10-Jul-22 | 09-Jul-23 | 14-Jul-24 | 21-Jul-25 |
| Weeks | 52 | 52 | 52 | 53 | 53 |
| Total Sales (£000) | 131175 | 186527 | 208638 | 227844 | 232039 |
| Directors Fees | 940 | 1461 | 1864 | 1916 | 1916 |
| Gross Profits | 51095 | 79325 | 92714 | 103520 | 105426 |
| Value Added | 36032 | 52816 | 60986 | 65507 | 66078 |
| Trading Profit | 3520 | 11700 | 12178 | 13204 | 17654 |
| Depreciation | 6175 | 5606 | 4862 | 5231 | |
| Non-Trading Income | 0 | 3 | 201 | 1358 | 0 |
| Total Interest Charges | 39 | 0 | 0 | 1 | 1 |
| Pre-tax Profit | -2694 | 6097 | 7517 | 9330 | 12945 |
| Retained Profit (Shareholders Funds) | -2866 | 4905 | 5727 | 6643 | 5598 |
| Fixed Assets | 36179 | 32053 | 32005 | 27554 | 26176 |
| Intangibles | 9469 | 10271 | 9779 | 8453 | 8030 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 15970 | 23140 | 26517 | 20563 | 17451 |
| Debtors | 3371 | 4831 | 5975 | 6527 | 5650 |
| Cash or Equivalent | 12715 | 19338 | 22804 | 37337 | 50570 |
| Total Current Assets | 32056 | 47309 | 55296 | 64427 | 73671 |
| Creditors | 7737 | 10170 | 10569 | 10779 | 12624 |
| Short Term Borrowing | 144 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 12724 | 17744 | 18921 | 15763 | 15763 |
| Total Current Liabilities | 20605 | 27914 | 29490 | 26542 | 28387 |
| Net Current Assets | 11451 | 19395 | 25806 | 37885 | 45284 |
| Shareholders Funds | 54740 | 59645 | 65372 | 72015 | 77613 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 2359 | 2074 | 2218 | 1877 | 1877 |
| Total Capital Employed | 57099 | 61719 | 67590 | 73892 | 79490 |
| Pretax Profit Margin % | -2.05 | 3.27 | 3.6 | 4.09 | 5.58 |
| Sales Growth % | -6 | 42 | 12 | 9 | 2 |
| Pretax Profit Growth % | -569 | 326 | 23 | 24 | 39.00 |
| Debtor Ratio Days | 9 | 9 | 10 | 11 | 9.0337663050157 |
| Creditor Ratio Days | 21 | 20 | 18 | 18 | 20.1842504081741 |
| Stock Turnover | 8 | 8 | 8 | 11 | 13.2963478091718 |
| Sales £000 / Employee | 150 | 199 | 204 | 205 | 225.791351351352 |
| Value Added £000/Empl. | 41 | 56 | 60 | 59 | 64.2989060881559 |
| Av. Remun. £000 / Empl. | 37 | 44 | 48 | 47 | 47.1198198198198 |
| Total Empl. Remu. £000 | 32512 | 41116 | 48808 | 52303 | 48423.5835954227 |
| Employees | 872 | 939 | 1021 | 1110 | 1027.66911632066 |
| Pretax Profit/Total Assets % | -3 | 7 | 8 | 9 | 12 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 9.2% in the latest year, well above the industry average of 0.3%.
- Sales per Employee is £205,000 which is well above the industry average of £105,000.
- The average salary is £47,000 which is well above the industry average of £24,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 4.1% in the latest year, well above the industry average of 2.8%.
- The Trading Stability chart shows a well above average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 8 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 10 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 20 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £228m sales and made £9.3m, by following the proposal plan, sales would be level but profits would rise to £12.9m.
Key Attractiveness Features
- ADD £228m TO SALES
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 | 11-Jul-21 | 10-Jul-22 | 09-Jul-23 | 14-Jul-24 | 21-Jul-25 |
| Total Sales (£000) | 131175 | 186527 | 208638 | 227844 | 232039 |
| Pre-tax Profit (£000) | -2694 | 6097 | 7517 | 9330 | 12945 |
| Total Value (£000) | 56414 | 108070 | 120176 | 112542 | 131617 |
| Asset Value (£000) | 64989 | 70295 | 74276 | 63097 | 57307 |
| Goodwill (£000) | -8575 | 37775 | 45900 | 49445 | 74310 |
| Liabilities (£000) | -10249 | -10650 | -8904 | 8918 | 20306 |
| Equity Value (£000) | 46165 | 97420 | 111272 | 121460 | 151923 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
WITTINGTON INVESTMENTS LTD
Immediate Shareholder: See Shareholders
Subsidiaries
F. & M. LTD
FORTNUMS LTD
FORTNUM & MASON (EXPORT) LTD
FORTNUM AND MASON (LONDON) LTD
FORTNUM AND MASON HOSPITALITY LTD
Acquisition / Valuation Comments
This company has been established 120 years.
The number of shareholders is low (1)
2 directors are over 60 years of age.
The total value of the company is currently £112.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 12% return on total assets.
The company's value would increase by 17% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 13%.
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