Carpetright Plc

Topics: Generally Accepted Accounting Principles, 1916, 1922 Pages: 3 (647 words) Published: November 1, 2012
Company overview
Carpetright plc is a European retailer of floor coverings, which apply themselves to selling all kinds of carpets, rugs, vinyl and laminates along with the associated accessories. (From: Current estimates that market share account for 21.4% of the UK total floorcoverings market. The Company controls 703 stores in two main geographical segments (From: Until May 2010, this company totally has 561 stores in UK, 25 Stores in Ireland. In the Rest of Europe, it totally has 28 stores in Belgium and 89 stores in Netherlands. (From: Annual report 2010). Compare with 2009 stores:

Regional| 2010| 2009|
UK| 561| 541|
Rol| 25| 26|
Belgium| 28| 28|
The Netherlands| 89| 88|
Poland| 0| 12|
(Figure 1, Store sites) (Source from: Annual report 2010&2009)

It was very clearly that in 2010, Carpetright close Poland’s the entire subsidiary. Every region has different contributions.

1 May 2010| Revenue| Underlying operating profit| Trading space sq ft’ 000| UK & Rol| £425.2million | £26.2 million| 4808|
Rest of Europe| £89.2 million| £9.6 million| 1398|
(Figure 2 Regional performance) (Source from: Annual report 2010)

Through Figure 2, it demonstrates no matter on revenue, underling operating profit and trading space, the UK & Rol still high than the Rest of Europe. These data indicate two elements: firstly, this company’s main capital is in the UK & Rol. Secondly, despite every data in Rest of Europe looks like lower than the UK & Rol, but it also indicate that this company have more development spaces in the Europe.

Carpetright get the vast majority of their products from the UK and EU. Because the company put focus on the higher quality wool product, so they have introduced a new Timber Policy and ensure all of their wood products have attained 100% Forest Stewardship Council certification where the FSC scheme operates....
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