TESCO STORES LIMITED
Company Details
Incorporated
9 May 1953
Registered address
Tesco House, Shire Park, Welwyn Garden City, AL7 1GA
Active officers
5
SIC codes
Officers
TAYLOR, Christopher Jon
Secretary
MAJID, Kay Elizabeth
Director
MURPHY, Ken
Director
NAWAZ, Imran
Director
AI Risk Report
Executive Summary
TESCO STORES LIMITED reported strong revenue growth of 38% year-on-year, reaching £179m for the year ended March 2024. Pre-tax losses narrowed significantly to £50m, reflecting improving operational leverage. Net assets stand at £25m with cash of £20m, supported by a £20m shareholder loan facility providing runway through September 2027.
⚠ Red Flags
- Cumulative P&L deficit of £251m
- Going concern dependency on shareholder support
- Net assets declined 62% year-on-year
- Cash burn of £19m in the period
✓ Positive Signals
- Revenue growth of 38% YoY to £179m
- Gross margin maintained at 77%
- Operating loss narrowed by 18%
- Shareholder facility secured to 2027
Recommended Credit Limit
£25,000 – £50,000
Based on net assets, cash position, and going concern status
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FilingTrace / Companies / TESCO STORES LIMITED