![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wensum | LSE:WNS | London | Ordinary Share | GB0009485318 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 7525n WENSUM COMPANY PLC 30th April 1998 PRELIMINARY RESULTS FOR THE YEAR ENDED 31 JANUARY, 1998 The Wensum Company operates from two principal locations. Our Norwich operation designs and manufactures high quality tailored clothing; at Gatwick our service orientated business provides a complete package comprising the design, development, sourcing, distribution and total management of career wear clothing to leading brand companies. Highlights - Pre-tax profit up 3.95% to #1.35m - Operating profit of 9.8% to sales - Turnover up 3.5% to #14.56m - Earnings per share up 4.5% to 11.79p - Maintained final dividend proposed - Nil net gearing with growing cash resources - Plans to purchase up to 10% of own shares - Excellent order book Results I am delighted to be able to report an overall improved performance for Wensum for the year ended 31 January 1998. This result exceeds market expectations. Net profits before taxation were 3.95% up at #1,352,473 (1997: #1,301,022) on turnover up 3.5% at #14,561,390 (1997: #14,058,640). Earnings per share increased to 11.79p (1997: 11.28p). There was nil net gearing at the year end and net cash is steadily increasing at #425,336 (1997: #124,305). The directors are recommending a final dividend of 3.425p per ordinary share making a maintained total for the year of 5.00p. The final dividend will be paid on 1 July, 1998 to all shareholders on the register on 22 May, 1998. It was particularly pleasing that the rate of operating profit to sales during the year was 9.8% which reflects the quality of our business. The directors would like to thank all management and staff throughout the group for their continued loyalty, dedication and hard work in achieving these results. Review of Operations Wensum Corporate had an excellent year in its first full year at its new headquarters adjacent to Gatwick airport. This new site is proving to be a real benefit to both customers and staff. We are now able to undertake major launches for all customers using the enhanced facilities. This includes the individual fitting of staff by Wensum trained personnel, training rooms available for use by customers, direct computer links with customers to our extensive databases and distribution to the individual employee. We reported last year the impending launch of a major new customer. This was Britannia Airways whose staff, wearing the new uniform, have been profiled extensively on the television in the last few months. This launch was extremely successful and during 1998 our programme with them will grow to incorporate all their European activities. There have been several other major launches during the year, one of which takes us into a totally different market sector. In 1997 we launched Servisair, the UK's leading ground handling agent for the airline industry. In 1998 the uniform will be distributed throughout Europe as part of their re-branding and growth programme. This was a year of further development for Wensum Clothing. We ceased to manufacture for Marks & Spencer and still achieved a net increase in turnover by following our declared strategy of concentrating on a wider range of specialist orders with high added value. This is illustrated by the continued development of our Personal Tailoring, or Made to Measure business, which we have more than doubled in size in the last year and which has great potential for future growth. Wensum Clothing has a full order book to supply many of the finest retailers in the country, with the Englishness of our products being a strong selling feature. We believe that very few companies have such an outstanding customer portfolio. Current Trading & Prospects Both our divisions have had an excellent start to the current year. The order book in Wensum Clothing is exceptionally strong and Wensum Corporate continues to add to its excellent client base by working on brand-led projects. Whilst Wensum Corporate is seen fundamentally as being a British company our product is being distributed worldwide on the strength of our customers' growth, for example, at Virgin. We are also delighted to add to our portfolio for 1988 a truly international project - Cathay Pacific. Against this background the board has become increasingly concerned that the company's share price does not reflect the underlying quality of, and prospects for, the business. We will be seeking approval from our shareholders at the Annual General Meeting on 18 June, 1988 for the company to have the authority, although not the obligation, to purchase up to 10% of its issued share capital - within Stock Exchange guidelines. We are confident that the strategy we have developed will provide a firm foundation for future growth. ANDREW HUGHES Chairman 30 April, 1988 THE WENSUM COMPANY PLC AUDITED GROUP BALANCE SHEET AT 31 JANUARY, 1998 1998 1997 #000 #000 Fixed assets Tangible assets 2,300 2,251 ----- ----- Current assets Stock 2,063 1,783 Debtors 2,633 2,842 Cash at bank and in hand 1,300 1,124 ----- ----- 5,996 5,749 - Creditors: Amounts falling due within one year 3,581 3,708 ----- ----- - Net current assets 2,415 2,041 ----- ----- - Total assets less current liabilities 4,715 4,292 - Creditors: Amounts falling due after more than one year 750 875 - Provisions for liabilities and charges Deferred taxation 30 44 ----- ----- 3,935 3,373 ===== ===== Capital and reserves Called up share capital 387 384 Share premium 126 88 Other reserves 1,081 1,081 Profit and loss account 2,341 1,820 ----- ----- 3,935 3,373 ===== ===== THE WENSUM COMPANY PLC AUDITED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 JANUARY, 1998 1998 1997 #000 #000 Turnover 14,561 14,059 ------ ------ Operating profit 1,428 1,352 Net interest payable (76) (51) Profit before taxation 1,352 1,301 Tax charge (444) (443) ----- ----- 908 858 Dividends (387) (383) ----- ----- Retained profit 521 475 === === Earnings per share 11.79p 11.28p ------ ------ Dividends per ordinary share - interim 1.575p 1.575p - proposed final 3.425p 3.425p ------ ------ 5.000p 5.000p ====== ====== Notes: 1. The above audited financial information does not amount to Statutory Accounts within the meaning of Section 240 of the Companies Act 1985. The Statutory Accounts for the period ended 25 January, 1997, which include an unqualified audit report, have been filed with the Registrar of Companies. 2. The earnings per share have been calculated on 7,704,341 ordinary shares being the weighted average number of shares in issue during the year. (1997: 7,605,763). 3. A final dividend per ordinary share of 3.425p net (1997: 3.425p net) has been proposed totalling #265,298 (1997: #262,729). The interim dividend of 1.575p net was paid to shareholders on 24 November, 1997, totalling #121,211 (1997: #119,938). 4. The Annual Report and Accounts will be despatched to shareholders on 19 May, 1998 and will be available from that date from the Company Secretary at the company's registered office, 179 Northumberland Street, Norwich, NR2 4EE. THE WENSUM COMPANY PLC AUDITED GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JANUARY, 1998 1998 1997 #000 #000 Net cash inflow from operating activities 1,190 1,366 ----- ----- Returns of investment and servicing of finance: Interest paid (100) (86) Interest received 24 32 Net cash outflow from returns on investments and ---- ---- servicing of finance (76) (54) ---- ---- UK corporation tax paid (102) (425) ----- ----- Investing activities: Purchase of plant, machinery, fixtures and fittings (367) (651) Disposal of fixed assets - 7 ----- ---- (367) (644) ----- ----- Equity dividends paid (385) (380) ----- ----- Net cash inflow/(outflow) before financing 260 (137) === ===== Financing: Repayment of loan account 125 - Proceeds from issue of shares (41) (30) ---- ---- 84 (30) ---- ---- Increase/(decrease) in cash and cash equivalents 176 (107) --- ----- 260 (137) === ===== END FR AKRWKWRKSUAR
1 Year Wensum Chart |
1 Month Wensum Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions