BROOKES
UNIVERSITY
BSc in Applied Accounting
Research and Analysis Project
The Business and Financial Performance
Of
Marks & Spencer Plc
Financial year ending 2009 to 2011
Fayzul Hasan Chowdhury
ACCA Registration Number: 1456371
November 2011
(Approximate Total Words: 6450)
Research Report
Contents
Page
1.
Introduction ............................................................................................................................. 3
1.1.1 The Topic area and Global economy ................................................................................ 3
1.1.2 Reasons for choosing the topic ........................................................................................ 3
1.1.3 Reasons for choosing Marks & Spencer ........................................................................... 3
1.1.4 Marks & Spencer and John Lewis Partnership ................................................................. 4
2.
3.
1.2
Aims and report objectives .............................................................................................. 4
1.3
Overall research approach ............................................................................................... 5
Information .............................................................................................................................. 5
2.1
Sources of information ..................................................................................................... 5
2.2
Methods used to collect information............................................................................... 6
2.3
Limitations of Information Gathering .............................................................................. 7
2.4
Ethical issues and resolution ............................................................................................ 7
2.5
Techniques used and their limitations ............................................................................. 8
Results and Analysis ................................................................................................................. 9
3.1
Company Overview .......................................................................................................... 9
3.2
Financial Performance analysis ........................................................................................ 9
3.2.1
Revenue Growth ...................................................................................................... 9
3.2.2
Profitability ............................................................................................................. 12
3.2.3
Liquidity and Efficiency .......................................................................................... 15
3.2.4
Financial position ................................................................................................... 17
3.2.5
Investor ratios........................................................................................................ 18
3.3
Strategic analysis ............................................................................................................ 19
3.3.1
3.4
4.
SWOT Analysis ........................................................................................................ 19
Non-Financial measures ................................................................................................. 22
Conclusion .............................................................................................................................. 23
APPENDIX 1: Reference List .................................................... Error! Bookmark not defined.24
APPENDIX 2: Financial Statements of M&S ........................................................................... 26
APPENDIX 3: Ratio used and Formulae .................................. Error! Bookmark not defined.30
APPENDIX 4: Ratios calculations and results ......................... Error!