Currys PLC is a major retail corporation based in the United Kingdom, Ireland and North Europe that majorizes in the sale of electronics and telecommunications products. The e-commerce business did eliminate the company’s competitors, which offered large volumes of home electronics and household appliances and-equipment. The firm retails Charies whole assortment of consumer electronics PC and mobile phones peripherals CP. There have been several changes in the organization’s name, however starting 1965 the name Currys has been used and retained since then.
However, for the year ending in April Fiscal Year 3, the chain had a lot of basic comps in addition to other problems did not present a good picture. The dynamics of this domain are considered by many market participants to be cool for development. After earning £107 million in 2021, profits dropped to around £2 million only a year on. What advanced growth opportunities does the light product department of the Company have.
Still, for the Nordic regions and especially F2 year fiscal, the business is faced with challenges and strategies have had to be sought out for many reasons. So, as these types of adjustments are mostly recessionary and cyclical in their nature, Most North Americans have limited awareness of contracting hours or freezing benefits in the workplace. Having a career at Currys may be a little more difficult than it seems, which was the case before the merger with Carphone Warehouse.
Currys Annual Report – 2022 – PDF
| Category | Details |
|---|---|
| Net Worth (as of 2023) | £1.89 billion |
| Total Assets (2023) | £8.48 billion |
| Liabilities (2023) | £6.41 billion |
| Equity (2023) | £1.89 billion |
| Revenue (2023) | £8.48 billion |
| Operating Profit (2023) | £119 million (Adjusted Profit Before Tax) |
| Net Income (2023) | £(450) million (Statutory Loss Before Tax) |
| Free Cash Flow (2023) | £318 million |
| Combined Ratio (2023) | N/A |
| Holdings by Category | – Type of Security: Predominantly retail and electronic goods – Industry Sector: Specialty Retail – Geographic Region: United Kingdom, Ireland, Nordics, and Greece – Credit Quality: High-quality retail operations and services – Maturity: Investments in technology retail and customer service solutions |
| Audited Financial Statements | To currys.co.uk into any perspective a shareholder and especially an institutional investor will consider whether it makes sense to join Currys as a shareholder or to attempt to take control of its management and make alterations. The retail subsector includes Top retail chains, Technology service providers and Capital investments in e-commerce. |
| Condensed Financial Statements | Sumary of report is fairly standard and applies to all boilers’ annual reports where the need arises to highlight key-pot measure of total stocks, total debts, total profits and total revenues for 5 years in the most – last five years. |
| Returns (1, 5, 10 years) | – 1 Year: -7.6% – 5 Years: 12.8% – 10 Years: 24.9% (Reflecting fluctuations due to the challenging retail environment and global economic conditions) |
| Management’s Discussion | Company management emphasized that in 2023, even though there were significant increases in business activities in the UK & Ireland, the performance in the Nordics remained weak and presented significant difficulties. Despite a very difficult retail environment, some recovery has been observed in the UK where Currys has managed to increase customer satisfaction and even market share. Still, the performance in the Nordics has been a disappointment and swift moves were required to improve margin and cut cost. The liquidity continues to remain a strong focus for the company and given the current macroeconomic conditions, the company’s management is less optimistic about the short-term outlook. |
| Important Persons & Top Officials | – Alex Baldock (Group Chief Executive): £12.5 million net worth, leading Currys since 2018, with extensive experience in retail and digital transformation. – Bruce Marsh (Group CFO): £5.8 million net worth, responsible for financial strategy and maintaining the financial health of the company. – John Allan (Chairperson): £10.1 million net worth, with a distinguished career in retail and corporate governance, guiding the company’s strategic direction and governance. |
| Directors & Officers | – Alex Baldock (Group Chief Executive): Age 53, Tenure 5 years – Bruce Marsh (Group CFO): Age 50, Tenure 3 years – John Allan (Chairperson): Age 75, Tenure 1 year – Remuneration: £10.8 million combined annual compensation for directors, reflecting competitive pay structures aligned with industry standards. |
