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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
£14700,000Secretary
Mr Christopher Jon Taylor
Directors
Active
Ms Melissa Bethell (50 yrs)
Active
Ms Carolyn Julie Fairbairn (64 yrs)
Active
Mr Stewart Gilliland (68 yrs)
Active
Mr Gerard Martin Murphy (69 yrs)
Active
Mr Bertrand Bodson (49 yrs)
Active
Mr Thierry Dominique Gerard Garnier (59 yrs)
Active
Chris Kennedy (61 yrs)
Active
Mr Ken Murphy (58 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 27-Feb-21 | 26-Feb-22 | 25-Feb-23 | 24-Feb-24 | 22-Feb-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 57887000 | 61344000 | 65762000 | 68187000 | 68689885 |
| Directors Fees | 5864 | 13967 | 9275 | 16925 | 16925 |
| Gross Profits | 3965000 | 4633000 | 3661000 | 4849000 | 4884762 |
| Value Added | 11308000 | 11516000 | 10780000 | 11756000 | 13043682 |
| Trading Profit | 3859000 | 4050000 | 3124000 | 3595000 | 5569875 |
| Depreciation | 2123000 | 1490000 | 1599000 | 774000 | |
| Non-Trading Income | 41000 | 24000 | 93000 | 273000 | 0 |
| Total Interest Charges | 952000 | 551000 | 618000 | 805000 | 724500 |
| Pre-tax Profit | 825000 | 2033000 | 1000000 | 2289000 | 4148775 |
| Retained Profit (Shareholders Funds) | -928000 | 3319000 | -3414000 | -565000 | 1373400 |
| Fixed Assets | 23162000 | 22780000 | 22362000 | 17221000 | 16359950 |
| Intangibles | 5393000 | 5360000 | 5375000 | 10544000 | 10016800 |
| Intermediate Assets | 6416000 | 9022000 | 5670000 | 2668000 | 2534600 |
| Stocks | 2069000 | 2339000 | 2510000 | 2635000 | 2212028 |
| Debtors | 424000 | 457000 | 531000 | 576000 | 493211 |
| Cash or Equivalent | 8314000 | 9393000 | 9684000 | 13395000 | 9871160 |
| Total Current Assets | 10807000 | 12189000 | 12725000 | 16606000 | 12576399 |
| Creditors | 5131000 | 5641000 | 6802000 | 7593000 | 8796349 |
| Short Term Borrowing | 6999000 | 6010000 | 6857000 | 1651000 | 0 |
| Other Current Liabilities | 3867000 | 4488000 | 4076000 | 11228000 | 11228000 |
| Total Current Liabilities | 15997000 | 16139000 | 17735000 | 20472000 | 20024349 |
| Net Current Assets | -5190000 | -3950000 | -5010000 | -3866000 | -7447950 |
| Shareholders Funds | 12325000 | 15644000 | 12230000 | 11665000 | 13038400 |
| Total Loan Capital | 15032000 | 15735000 | 14978000 | 6483000 | 0 |
| Other Capital Employed | 2442000 | 1849000 | 1200000 | 8425000 | 8425000 |
| Total Capital Employed | 29799000 | 33228000 | 28408000 | 26573000 | 21463400 |
| Pretax Profit Margin % | 1.43 | 3.31 | 1.52 | 3.36 | 6.04 |
| Sales Growth % | -11 | 6 | 7 | 4 | 1 |
| Pretax Profit Growth % | -37 | 146 | -51 | 129 | 81.00 |
| Debtor Ratio Days | 3 | 3 | 3 | 3 | 2.613612565445 |
| Creditor Ratio Days | 32 | 33 | 38 | 41 | 46.6134277794887 |
| Stock Turnover | 28 | 26 | 26 | 26 | 31.0529032258064 |
| Sales £000 / Employee | 238 | 265 | 296 | 302 | 332.385147501318 |
| Value Added £000/Empl. | 47 | 50 | 48 | 52 | 63.1173890123617 |
| Av. Remun. £000 / Empl. | 31 | 32 | 34 | 36 | 36.1651872958756 |
| Total Empl. Remu. £000 | 7449000 | 7466000 | 7656000 | 8161000 | 7473807.29683625 |
| Employees | 242911 | 231223 | 222306 | 225659 | 206657.502854647 |
| Pretax Profit/Total Assets % | 2 | 4 | 2 | 5 | 10 |
Company Summary
- The Plimsoll Chart is low yet rising indicating marginal improvement in financial strength.
- Total Sales have increased by 3.7% in the latest year, well above the industry average of 3.0%.
- The company lies an excellent 1st in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- Gross Profit Margin has markedly improved from 5.6% to 7.1% in the latest year.
- Sales per Employee is £302,000 which is well above the industry average of £182,000.
- The average salary is £36,000 which is well above the industry average of £19,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 3.4% in the latest year, well above the industry average of 1.7%.
- Pretax Profit Margin has markedly improved from 1.5% to 3.4% in the latest year.
- Shareholders received £777.0m in dividends this year, over 34% of the pretax profits of the company.
- The company would have made a significantly higher profit but for interest payments of £805.0m.
- Formal debt of the company has decreased by £13.7 billion, a fall of 63%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
Company Summary
The company currently has £68bn sales and made £2bn, by following the proposal plan, sales would be level but profits would rise to £4bn.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £68bn TO SALES
- LOW RATING
- HIGH INTEREST PAYMENTS
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 | 27-Feb-21 | 26-Feb-22 | 25-Feb-23 | 24-Feb-24 | 22-Feb-25 |
| Total Sales (£000) | 57887000 | 61344000 | 65762000 | 68187000 | 68689885 |
| Pre-tax Profit (£000) | 825000 | 2033000 | 1000000 | 2289000 | 4148775 |
| Total Value (£000) | 46173320 | 52827835 | 44119375 | 47833625 | 56067589 |
| Asset Value (£000) | 37464000 | 39958000 | 36448000 | 33644000 | 31616589 |
| Goodwill (£000) | 8709320 | 12869835 | 7671375 | 14189625 | 24451000 |
| Liabilities (£000) | -25157000 | -24330000 | -24229000 | -21985000 | -18578189 |
| Equity Value (£000) | 21016320 | 28497835 | 19890375 | 25848625 | 37489400 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BULK LIST
Immediate Shareholder: See Shareholders
Subsidiaries
MONREAD DEVELOPMENTS LTD
MURDOCH NORTON LTD
NABOLA DEVELOPMENT LTD
OAKWOOD DISTRIBUTION LTD
ONE STOP COMMUNITY STORES LTD
ONE STOP CONVENIENCE STORES LTD
ONE STOP STORES TRUSTEE SERVICES LTD
ORPINGTON (STATION ROAD) LTD
PATRICK C. JOYCE SUPERMARKET (HEADFORD) UNLTD COMPANY
PTLL LTD
Acquisition / Valuation Comments
This company has been established 78 years.
The number of shareholders is low (1)
4 directors are over 60 years of age.
The total value of the company is currently £47.8bn including debts.
The equity value, after deducting debts is £26bn.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 10% 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 117%.
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