Shares Magazine
2,274.00p-28.00 (-1.22%)10 Oct 2024, 16:35
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Derwent London PLC Fundamentals
| Company Name | Derwent London PLC | Last Updated | 2024-10-10 |
|---|---|---|---|
| Industry | REIT - Office | Sector | Real Estate |
| Shares in Issue | 112.291 m | Market Cap | £2.55 bn |
| PE Ratio | 10.89 | Dividend per Share | £0.79 |
| Dividend Yield | 3.27 | Dividend Cover | 0 |
| EPS | -£4.24 | EPS Growth (%) | 0 |
| PEG | 0 | DPS Growth (%) | 0.0194 |
| Debt Ratio | 0.2788 | Debt Equity Ratio | 0.3260 |
| Asset Equity Ratio | 1.4592 | Cash Equity Ratio | 0.0059 |
| Quick Ratio | 0.1296 | Current Ratio | 0.51 |
| Price To Book Value | 0.7468 | ROCE | 0 |
Derwent London PLC Dividends
| Type | Ex-Date | Pay Date | Currency | Net Dividend | Year Total |
|---|---|---|---|---|---|
| Interim | 2024-09-05 | 2024-10-11 | GBP | 0.2500 | |
| Prelim | 2024-04-25 | 2024-05-31 | GBP | 0.5500 | |
| Interim | 2023-09-07 | 2023-10-13 | GBP | 0.2450 | |
| Prelim | 2023-04-27 | 2023-06-02 | GBP | 0.5450 | |
| Interim | 2022-09-08 | 2022-10-14 | GBP | 0.2400 | |
| Prelim | 2022-04-28 | 2022-06-01 | GBP | 0.5350 |
Derwent London PLC Company Financials
| Assets | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible Assets | £49.90 m | £54.30 m | £54.00 m |
| Intangible Assets | 0 | 0 | 0 |
| Investments | £35.80 m | £43.90 m | £51.10 m |
| Total Fixed Assets | £4.84 bn | £5.35 bn | £5.73 bn |
| Stocks | £68.90 m | £41.70 m | £32.60 m |
| Debtors | £35.80 m | £38.00 m | £35.70 m |
| Cash & Equivalents | £13.90 m | £26.90 m | £68.50 m |
| Other Assets | 0 | 0 | 0 |
| Total Assets | £5.03 bn | £5.51 bn | £5.91 bn |
| Liabilities | 2023 | 2022 | 2021 |
|---|---|---|---|
| Creditors within 1 year | £251.40 m | £169.20 m | £210.60 m |
| Creditors after 1 year | £1.27 bn | £1.26 bn | £1.26 bn |
| Other Liabilities | 0 | 0 | 0 |
| Total Liabilities | £1.52 bn | £1.43 bn | £1.47 bn |
| Net assets | £3.51 bn | £4.08 bn | £4.44 bn |
| Equity | 2023 | 2022 | 2021 |
|---|---|---|---|
| Called up share capital | £5.60 m | £5.60 m | £5.60 m |
| Share Premium | £196.60 m | £196.60 m | £195.40 m |
| Profit / Loss | -£475.90 m | -£279.50 m | £252.50 m |
| Other Equity | £3.51 bn | £4.08 bn | £4.44 bn |
| Preference & Minorities | 0 | 0 | 0 |
| Total Capital Employed | £3.51 bn | £4.08 bn | £4.44 bn |
| Ratios | 2023 | 2022 | 2021 |
|---|---|---|---|
| Debt Ratio | £0.27 | £0.24 | £0.22 |
| Debt-to-Equity | £0.36 | £0.31 | £0.28 |
| Assets / Equity | 1.4592 | 1.4592 | 1.4592 |
| Cash / Equity | 0.0059 | 0.0059 | 0.0059 |
| EPS | -£4.22 | -£2.54 | £2.25 |
| Cash Flow | 2023 | 2022 | 2021 |
|---|---|---|---|
| Cash from operating activities | £97.00 m | £111.40 m | 0 |
| Cashflow before financing | £94.40 m | £22.80 m | 0 |
| Increase in Cash | -£3.60 m | -£28.90 m | £17.00 m |
| Income | 2023 | 2022 | 2021 |
|---|---|---|---|
| Turnover | £266.00 m | £249.30 m | £242.20 m |
| Cost of sales | £72.50 m | £55.50 m | £51.40 m |
| Gross Profit | £193.50 m | £193.80 m | £190.80 m |
| Operating Profit | -£428.90 m | -£238.30 m | £291.60 m |
| Pre-Tax profit | -£475.90 m | -£279.50 m | £252.50 m |
Derwent London PLC Company Background
| Sector | Real Estate |
|---|---|
| Activities | Derwent London PLC is a London-focused real estate investment trust. Derwent owns, manages, and refurbishes office real estate in Central London. Within this region, the majority of the company's assets are located in the districts of London's West End, such as Fitzrovia. Properties in London's Tech Belt and the City Borders also represent significant parts of the company's real estate portfolio. Derwent derives nearly all of its revenue from tenants in the form of rental income structured in mid-to-long-term leases. Office buildings in the central West End are responsible for the majority of revenue generated. Media and advertising companies, professional and business services firms, and retail head offices are all fairly evenly represented among the company's tenants. |
| Latest Interim Date | 8 Aug 2024 |
| Latest Fiscal Year End Date | 28 Feb 2024 |
Derwent London PLC Directors
| Appointed | Name | Position |
|---|---|---|
| 2023-04-13 | The Honourable Robert Anthony Rayne | Non-Executive Director,Chairman |
| 2013-01-08 | Mr. Simon John Neathercoat | Non-Executive Director |
| 2015-05-15 | Mr. Robert A Farnes | Non-Executive Director |
| 2013-12-27 | Mr. John Charles Ivey | Non-Executive Director,Deputy Chairman |
| 2017-05-19 | Mr. Stuart A Corbyn | Non-Executive Director |
| 2019-04-15 | Mrs. June Frances de Moller | Non-Executive Director |
| 2019-05-17 | Mr. Stephen Gareth Young | Non-Executive Director |
| 2022-04-12 | Mr. John David Burns | Non-Executive Director,Chairman |
| 2022-04-12 | Mr. Simon Paul Silver | Executive Director,Head of Development |
| 2011-03-10 | Mr. Donald Newell | Non-Executive Director |
| 2024-04-09 | Mr. Nigel Q George | Executive Director |
| 2024-04-09 | Mr. Paul M Williams | Executive Director,Chief Executive Officer |
| 2024-09-19 | Mr. Damian Mark Alan Wisniewski | Executive Director,Chief Financial Officer |
| 2023-04-13 | Mr. David G Silverman | Executive Director |
| 2011-08-09 | Mr. Christopher James Odom MCT,CA | Executive Director,Finance Director |
| 2007-03-20 | Mr. Nicholas Robert Friedlos | Executive Director |
| 2024-05-10 | Ms. Claudia Isobel Arney | Non-Executive Director |
| 2024-04-09 | Ms. Lucinda Margaret Bell | Non-Executive Director |
| 2022-04-12 | Mr. Simon Fraser | Non-Executive Director,Senior Independent Director |
| 2024-04-09 | Ms. Helen Gordon | Non-Executive Director,Senior Independent Director |
| 2024-06-10 | Mr. Robert William Ian Wilkinson | Non-Executive Director |
| 2024-04-09 | Mr. Mark Breuer | Non-Executive Director,Chairman |
| 2024-04-09 | Mr. Sanjeev Sharma | Non-Executive Director |
| 2024-04-09 | Ms. Emily Prideaux | Executive Director |
Derwent London PLC Contact Details
| Company Name | Derwent London PLC |
|---|---|
| Address | 25 Savile Row, London, W1S 2ER |
| Telephone | +44 2076593000 |
| Website | https://www.derwentlondon.com |
Derwent London PLC Advisors
| Auditor | PricewaterhouseCoopers LLP |
|---|---|
| Phone | +44 2075835000 |
| Fax | +44 2078224652 |
| Registrar | Equiniti Limited |
|---|
| Stockbroker | J.P. Morgan Cazenove Ltd |
|---|---|
| Phone | +44 2077424000 |
| Remuneration Consultant | New Bridge Street |
|---|---|
| Phone | +44 2070868000 |
| Fax | +44 2076211511 |
| Stockbroker | UBS Limited |
|---|---|
| Phone | +44 2075678000 |
| Solicitor | Slaughter and May |
|---|---|
| Phone | +44 2076001200 |
| Fax | +44 2070905000 |
| Bank | HSBC Bank PLC |
|---|
| Financial PR Adviser | Brunswick Group LLP |
|---|---|
| Phone | +44 2074045959 |
| Fax | +44 2078312823 |
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