Marks Electrical
This coverage delivers business-focused reporting on Marks Electrical’s performance and strategy within the UK retail sector, as well as insights into leadership changes, including the appointment of Dipesh Mistry as interim CFO. This information supports retail executives, financial analysts, and professionals overseeing electrical retail operations and strategic planning.
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Jun- 2023 -14 JuneElectrical
Marks Electrical posts record revenues of £97.8m
Marks Electrical has posted record revenues of £97.8m for the year ended 31 March 2023, compared with £80.5m in FY22. The retailer posted an EBITDA of £7.5m which was up slightly from £7.2m compared with last year. The company also posted a statutory profit before tax of £6.4m, nearly double…
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Apr- 2023 -12 AprilElectrical
Marks Electrical revenues up 21.5%
Marks Electrical has seen its FY revenues jump 21.5% to £97.8m, up from £80.5m, for the 12 months ended 31 March 2023. Alongside this, its revenues for the three months ended 31 March were up 20% from £20.7m to £24.8m. It revealed the strong performance was driven by many product…
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Oct- 2022 -11 OctoberHigh Street
Marks Electrical sees H1 revenues rise 15%
Marks Electrical has reported a revenue growth of 15.1% to £43.1m (HY22 £37.5m) for the six months ended 30 September 2022, sequentially improving against the 13.7% revenue growth in the first four months of FY23 and against a “particularly challenging market back-drop”. It reported strong performance driven across all categories…
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Aug- 2022 -11 AugustHigh Street
Marks Electrical Group revenues up 13.7% to £27m
Marks Electrical Group has reported a strong trading period in the first four months of FY23, with revenue growth of 13.7% to £27.7m. The company said the performance was delivered despite a “challenging market backdrop”. It’s performance was driven across all categories but particularly in televisions, vacuum cleaners, washers and…
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