The company was founded in 1970 and is based in Flintshire, United Kingdom. Iceland Foods Ltd (trading as Iceland) is a British supermarket chain, with emphasis on the sale of frozen foods, including prepared meals and vegetables.
They also sell non-frozen grocery items such as produce, meat, dairy, and dry goods.
2. The company was founded in 1970 and is based in
Flintshire, United Kingdom.
Iceland Foods Ltd (trading as Iceland) is a
British supermarket chain, with emphasis on the sale of
frozen foods, including prepared meals and vegetables.
They also sell non-frozen grocery items such as produce,
meat, dairy, and dry goods.
The company has an approximate 1.8% share of the UK
food market.
It exports products to southern Africa and the Middle East,
as well as provides store franchise options in Spain,
Portugal, the Channel Islands, Isle of Man, and Libya. It
also sells its products online.
3.
4. 2011 2012 2013 2014 2015
Cash
£59,995,00
0
£68,195,000
£119,17
6,000
£147,213,000
£161,935,000
Net Worth
£240,860,0
00
£364,657,000
£516,85
7,000 £656,381,000 £709,630,000
Total
Current
Assets
£224,278,00
0
£249,212,000
£276,50
9,000 £333,536,000 £342,439,000
Total
Current
Liabilities
£355,452,00
0
£388,566,000
£405,74
4,000 £432,244,000 £480,031,000
5.
6. Sales £2.697 billion (2015)
Adjusted EBITDA* £150.2m
Strong cash flow maintained: inflow £189.3m
Cash balances increased to £163.6m (2014: £152.1m)
28 net new stores opened in UK and Republic of Ireland
New FoodWarehouse store concept created and six stores opened
Online shopping service rolled out nationwide in UK
£1.3m raised for good causes through Iceland Foods Charitable
Foundation
InTop 10 “Best Big CompaniesToWork For” for fifth year
Major programme of product innovation and rebranding underway
New “Power of Frozen” advertising campaign launched
Up to 20 new stores planned for current year
7.
8. GO PUBLIC
1984 Expanding through new store openings and the acquisition of smaller chains,
Iceland had 81 stores by 1984, when it became a public company through one of the
most successful flotations ever seen on the London Stock Exchange. The initial
public offering of just £8 million worth of shares brought in applications with
cheques totalling over £900 million, making it an amazing 113 times
oversubscribed.
The Dark Ages
2001 Into this management vacuum stepped new chief executive Bill Grimsey, who had built
his City reputation at the Wickes DIY chain following the departure of its previous
management team as the result of a financial scandal. Within weeks of joining Iceland, he and
his new finance director Bill Hoskins – also from Wickes – claimed to have identified massive
problems. These plunged the business into a £120 million loss after an amazing £145 million of
exceptional items – an extraordinary reversal of fortunes for a group operating in inherently
stable industries, which had recorded a profit of £32 million in the first six months of that
financial year.
A New Beginning (Public company to private company)
In February 2005 The Big Food Group’s shareholders accepted a recommended
offer from a consortium of investors that made it a private company once more.
Shareholders received only a fraction of the value the business had enjoyed on the
stock market at its peak.