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Managerial Finance and Accounting - Case Study: Kingfisher Plc - Essay Example

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Case Study – KINGFISHER PLC Table of Content Kingfisher plc – The Company 3 Background of the Company 3 Strategy 3 Brands 4 Customers 4 Market 4 Financial Statements 4 Use of Financial Statements by Organizations 4 Strengths of Kingfisher plc 5 Weakness of Kingfisher plc 6 Financial Analysis of Kingfisher plc 7 Recommendation and Conclusion 8 References 9 Appendix KINGFISHER PLC Background Kingfisher originated in the year of 1982…
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Managerial Finance and Accounting - Case Study: Kingfisher Plc
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Managerial Finance and Accounting - Case Study: Kingfisher Plc

The chain of Comet electrical was bought by the company in 1984 followed by buying stores of Superdrug health and beauty in 1987”. (Kingfisher, 2011) In the meantime, B&Q was expanding its out of town appearance in order to become the leader of home development retailers around UK. “In 1990s, Kingfisher attempted to continue its expansion of retail businesses. With the beginning of bigger Warehouse styled stores designed in 1994, B&Q developed speedily. In 1994, home improvement zone expanded internationally. In 1998, France’s foremost retailer of home improvement as well as the owner of a fast growing but smaller in size, known as the Brico Depot chain merged with B&Q”. (Liow K., 1997) In 1999, B&Q managed to open its first store in China. “Various other mergers in that year included buying of French electrical chain and Darty by Kingfisher in 1993. Additionally, Kingfisher bought Screwfix, the catalogue and e-commerce seller of fixings and screws in 1999. In the year of 2001, Woolworths was separated and Superdrug was sold. In 2002 the left over stake in Castorama was obtained for creation in Europe of leading home improvement retailer”. ...
Furthermore, “Kingfisher has a 21% planned agreement with Germany's leading DIY retailer, Hornbach”. (Liow K., 1997) Customers “People of all classes are catered by Kingfisher worldwide”. (Alexander N., 1995) Market Kingfisher is the leading retailer of home improvement in Asia and Europe having 900 stores in eight countries. It has market-leading status internationally in Asia and Europe along with the emergence of businesses in Russia, Spain and Turkey. “Moreover, its core businesses were developed in France, Poland as well as UK”. (Wolfe B. and Asch D., 1992) Financial Statement The financial statement of a company illustrates the “performance summary comprising the income statements, cash flows as well as balance sheets of usually five years and often of ten years period”. (Francis J. and Schipper K., 1999) Use of Financial Statements by Organizations The aim of financial statements is to offer information regarding financial performance, position as well as modifications in financial position of a firm that is helpful for various users in transforming economic decisions. “The owners, potential investors and shareholders are to be interested most in profitability. Several investors try to find a lofty payout ratio. Speculators give more concentration to stock valuation because growing companies inclined to possess a low payout ratio due to the reason that these companies reinvest their earnings. Furthermore, financial statements are used by bondholders for the indication of long-run solvency. Moreover, temporary creditors, like bankers, forfeit special consideration to cash flow as well as interim liquidity indicators, like current ratio. Creditors of both classes have a preference to lend to firms ... Read More
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