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[Wm Morrison Supermarkets Plc logo]

Wm Morrisons Supermarkets Plc

Address: Hillmore House, Thornton Rd, Bradford BD8 9AX (soon to move to new premises at Hillmore House, Gain Lane, Thornbury)

Website: http://www.morereasons.co.uk

Tel: 494166

Executive Chairman: Ken Morrison CBE

Managing Director: John Dowd

Co No: 358949

Nature of Business: Grocery stores - supermarkets

Notes:

Established in 1899 by Ken Morrison's parents as an 'Egg and Butter Merchants'. First supermarket established in former Victoria Cinema off Thornton Rd., Girlington in early 1960's. In 1967 Morrisons became a Plc.

By 1972 the group had 12 stores, mainly in the north of England, and a new meat products firm "Farmers Boy", but over the next 25 years this built up to 86 stores across the country. In 1997 John Dowd became Managing Director and took over the routine day to day running of the empire.

By 2000 - the groups Centennial year, there were 105 stores, with major redevelopment of the original store to make it one of the two biggest (the other in Idle) with a new meat products "Farmers Boy" factory nearby.

Known for it's "no frills" cut-price approach it was by then taking over £3 billion annually at the tills and was the 5th biggest of the supermarket giants with a market value of almost £3 billion.

See article: More reasons to pop at Morrisons

Staff: 33,000 nationwide with 3000 in Bradford.

Financial report

To Jan 2000:

 

Five Year Summary P&L with Balance Sheet

year ended 31 January         1996     1997     1998     1999     2000


turnover               £m     2099     2176     2297     2534     2970
pre tax profit         £m      127      136      151      170      189
norm earn per share     p     5.08     5.25     6.04     6.53     7.33
FRS3 earn per share     p     5.05     5.28     6.06     6.84     7.34
div per share           p     0.70     0.85     1.05     1.23     1.50


intangibles            £m        -        -        -        -        -
fixed assets           £m      815      895     1012     1129     1229
fixed investments      £m        -        -        -        -        -


stocks                 £m     82.7     90.8      109      108      112
debtors                £m     9.13     10.4     10.6     9.22     11.8
cash, securities       £m     44.1     41.7     25.6     73.1      130


creditors short        £m      291      314      348      417      557
creditors long         £m      114      108      115      120     47.0
prefs, minorities      £m     29.2     27.5     20.8     17.5     16.0
ord cap, reserves      £m      517      588      673      766      863


mkt capitalisation     £m     1121     1122     1935     2337     1981

 

Check Hemscott for updated Company Information:

Directors

(year to Jan 2000)

NAME

Share Issue

Total annual Pay

Kenneth Duncan Morrison

107,000,000 (7%)

£ 329,000

John Dowd

513,000

£ 328,000

Marie Margaret Melnyk

270,000

£ 264,000

Martin Ackroyd

158,000

£ 211,000

Roger Anthony Owen

439,000

£ 211,000

Robert Winston Scott

70,000

£ 211,000

Mark Gunter

-

-

 

Former Directors

George Duncan Buttle (until Jan 2000)

Subsiduary companies: 

Farmers Boy Ltd

Wm Morrison Produce Ltd

W. Todd (potatoes) Ltd

Halsa Ltd

Morrison Training Ltd

In same premises:

 

Other Links:

 


Updated: November 2000

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