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