Marshall Glasses

Page 1

2013



We are pleased to present the annual report for 2013 which will review the years performance against budget plans, profits/losses and the overall direction of the company. We have the potential for further growth over the long term with the opening of a new shop in over 7 years. The prolonged stagnation in global stock markets and down trends in consumer spending has been a challenge but strategies in new marketing and positive investments have restored Marshall’s profit strength. With strong focus and continued transparency in projects and investments the company should look forward to another successful year in 2014. Hazel Marshall . Company Director

Quarterly Breakdown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Overheads . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Profits 2009 - 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unit Sales 2009 - 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retail Spaces . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Rome Store . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 5 6 7 8 10

Thank you for an excellent year. We are once again growing as a company and I am very excited for the future.


Quarterly Breakdown We were on target with our quarterly budget plans with an extra surge in the summer sales of our newest sunglasses range. Mary Jimble . Financial Director

+ £ Jul 9,0 420 Sep - £ 0 0 ,0 0 36 un 0 0, 0 i t s 00

Apr - Jun + £382,0 00 6,200 un it s - £280,0 00

ar 0 - M ,0 0 s t J 230 uni 0 £ 0 0 ,0 0 + 5 6 5, 27 -£ an

4

ec - D 000 s t , Oc 635 unit 0 + £ ,700 ,00 0 14 £31 -


Overheads The damages incurred in this years figures were mainly due to a recall on product MARSH2061 where the in-house stock had to be destroyed. This one-off

Waste - £24,200

Damages / Repairs - £27,800

problem has been rectified and resolved efficiently.

Tim Cobbles . Accounts Manager

Insurance - £582,000

Total - £1,298,600

Supplies - £35,800

Production - £606,000

Utilities - £23,600

5


Profits 2009 - 2013 We are predicting a slightly higher profit for 2014 based on the steady growth over the last 5 years with the small but significant growth in global markets and

2011

2012

2013

the extra revenue created by the new retail spaces in 2013.

Tim Cobbles . Accounts Manager

2009

£1,250,000 6

2010

£1,330,000

£1,400,000 £1,370,000 £1,420,000


2009 24,000 units

2010 26,000 units

2012 27,000 units

Units sold 2009 - 2013 Our in-house production has increased dramatically to meet with the demands of our growing internet presence.

2011 29,000 units

2013 32,000 units

Stuart Blitz . Head of Production 7


Retail Spaces

1. LONDON

The investment for new shops is already under review and

-

with a growing online shopping community shops outside of Europe are a growing reality.

Sarah Timpson . Marketing 1987 - London

74 Wells Street W1T 3QQ England 020 7118 0832

1995 - Berlin 1998 - Paris

2. BRUGGE

2000 - Brugge

-

2002 - Vienna

Hauenstraat 3

2003 - Prague

8000

2005 - Milan

Belgium

2007 - Madrid

0476 222 881

2013 - Rome

3. BERLIN Schulstrasse 4 32547 Germany 030 256 1774 8


4. PRAGUE

7. MADRID

-

-

Prujezdna 62

10 Luna

Praha 10 103

Aranjuez 28 300

Czech Republic

Spain

32 734 112

91 2318 924

5. VIENNA

8. MILAN

-

-

Pazmaniteng 24

31 Via Manzoni

A1020

Milano 20162

Austria

Italy

1 724 1995

02 67 33 91 53

6. PARIS

9. ROME

-

-

27 Rue Saint Honore

22 Viale

14390

Roma 00144

France

Italy

01 74 45 99 21

06 12 46 29 04


The Rome Store is the newest retail space showcasing cutting edge fashion with classic Marshall style and heritage. It is situated in the desirable shopping centre of Rome that will attract the more discerning Italians that seek quality and quirkiness. We have had a very successful first year and with the word spreading we have a promising future ahead of us. Maria Bella . Store Manager 22 Viale Roma 00144 Italy 06 12 46 29 04 www.marshallglasses.co.uk/rome Store Manager . Maria Bella Assistant Manager . Mark Anthony In-store Optician . Carlos Thrale Store Assistants . Ada Alunni . Rosa Dutto . Serge Bergamasco . Rita Scarloto 10



Marshall Head Office 65 Leonard Street London EC2A 4QS www.marshallglasses.co.uk headoffice@marshallglasses.co.uk all figures collated by Marshall Accounts


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