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Executive summary
This report analyses the overall performance of UK based retailer Kingskerswell PLC and concentrates on the following:
• profitability
• working capital utilisation
• liquidity
• gearing and capital structure
• stock market indicators
Methods of analysis include horizontal and vertical analysis. All calculations can be found in the appendices.
CONTENTS
Introduction 3
Kingskerswell PLC performance 3
Segmental analysis 8
Conclusions and Recommendations 8
Bibliography 10
Appendices 11
Introduction
Kingskerswell PLC is a UK based retailer which is listed on the London Stock Exchange. It is made up of two core businesses – Stores and Media. The outlets span high streets, airports, train stations and motorway service areas across the UK. Overall Kingskerswell PLC employs approximately 16,000 staff across the UK. The average remuneration of the Group’s employees during the year is £11,092. (2006: £11,218)
The Group financial statements of Kingskerswell PLC for the year ended 31 December 2007 have been prepared in accordance with International Financial Reporting Standards (‘IFRS’) as adopted by the European Union and with those parts of the Companies Act 1985 applicable to companies reporting under IFRS and audited by Eagle Eye LLP. In auditors’ opinion, the financial statements give a true and fair view. The auditor’s remuneration was £0.4m in 2007 and £2.1m in 2006.
Kingskerswell PLC performance< ...