VALUE RETAIL LIMITED
Formerly a public limited company, this private real estate group develops and manages luxury outlet shopping destinations, operating internationally under The Bicester Collection brand.
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Cash
£31M
+4.1% vs 2024
Net assets
£82M
+11.2% highest in 3 filed years
Employees
1,148
-1% vs 2024
Profit before tax
£9.7M
+6.1% highest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £340,668,000 | £364,227,000 | £371,967,000 | +2.1% | |
| Operating profit | £8,711,000 | £9,216,000 | £9,560,000 | +3.7% | |
| Profit before tax | £8,980,000 | £9,137,000 | £9,691,000 | +6.1% | |
| Net profit | £6,392,000 | £6,118,000 | £7,022,000 | +14.8% | |
| Cash | £36,580,000 | £30,062,000 | £31,289,000 | +4.1% | |
| Total assets less current liabilities | £87,834,000 | £88,770,000 | £94,079,000 | +6% | |
| Net assets | £68,172,000 | £73,592,000 | £81,863,000 | +11.2% | |
| Equity | £68,172,000 | £73,592,000 | £81,863,000 | +11.2% | |
| Average employees | 1,121 | 1,160 | 1,148 | -1% | |
| Wages | £141,312,000 | £150,918,000 | £162,131,000 | +7.4% | |
| Directors' remuneration | £8,016,000 | £6,019,000 | £8,328,000 | +38.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.6% | 2.5% | 2.6% | |
| Net margin | 1.9% | 1.7% | 1.9% | |
| Return on capital employed | 9.9% | 10.4% | 10.2% | |
| Gearing (liabilities / total assets) | 59.5% | 57.0% | 53.8% | |
| Current ratio | 1.62x | 1.50x | 1.48x | |
| Interest cover | 29.43x | 48.25x | 44.47x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- VALUE RETAIL LIMITED 2024-09-23 → present
- VALUE RETAIL PLC 1993-01-22 → 2024-09-23
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis, which assumes the Group will be able to meet its liabilities as they fall due for the foreseeable future. According to the forecasts prepared on the assumptions, together with available market information and the Directors' knowledge and experience, the Directors have concluded that it is appropriate to adopt the going concern basis for preparing the financial statements for the year ended 31 December 2025.”
Group structure
- VALUE RETAIL LIMITED · parent
- Value Retail Management Limited 100%
- Value Retail Management (Bicester Village) Limited 100%
- Value Retail Innovation Limited 100%
- Value Retail Development Limited 100%
- Value Retail (International) Limited 100%
- Value Retail Management Germany GmbH 100%
- Value Retail Management Spain, S.L. 100%
- Value Retail Management France SARL 100%
- Value Retail Management Belgium N.V. 100%
- Value Retail Management Ireland Limited 100%
- Value Retail Management Italy S.r.l. 100%
- Value Retail Europe Limited 100%
- Value Retail Management USA, Inc. 100%
- Value Retail Management International SARL 100%
Significant events
- “Value Retail Development Limited was dissolved on 2 March 2026. There have been no other significant events since the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORLETTE, Pia Bayot | Secretary | 2021-02-09 | — | — |
| BOLLIER, Desiree | Director | 2001-05-01 | Sep 1957 | Swiss |
| CLUFF, Blondel Bernadette Rosceilia | Director | 2023-04-20 | May 1960 | British |
| GIBBS, Roderick Vernon | Director | — | Nov 1958 | British |
| HOST, Niels George | Director | 1993-01-29 | Jan 1952 | American |
| KENNEDY, Ruth Anne Francis | Director | 2016-03-01 | Feb 1965 | British |
| LAMBERT, James Nicholas | Director | 1995-10-16 | Apr 1957 | British |
| LU, Christopher | Director | 2024-10-07 | Jul 1995 | American |
| MALKIN, Scott David | Director | — | Aug 1958 | American |
| STEYN, Howard | Director | 2024-10-07 | Dec 1974 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABRAMS, Jane Helen | Secretary | 2003-08-29 | 2021-02-09 |
| CAUFIELD, Timothy Charles | Secretary | 1996-10-29 | 2003-08-29 |
| JONES, Gary Stanley | Secretary | — | 1996-10-29 |
| ATKINS, David John | Director | 2019-07-17 | 2020-11-02 |
| BLOOM, David Charles | Director | 1993-01-29 | 2006-07-25 |
| BURTON, Mark Ashley | Director | 2007-11-01 | 2022-07-08 |
| CHAO, Leslie | Director | 2006-07-25 | 2020-07-13 |
| DEROSA, Thomas | Director | 2005-07-06 | 2020-07-13 |
| DRAKESMITH, Nicholas Timon | Director | 2012-08-21 | 2019-07-17 |
| FREEMAN, Michael Ian | Director | 1993-01-29 | 1998-07-28 |
| GAGNÉ, Rita-Rose | Director | 2020-11-02 | 2024-09-18 |
| HARRIS, Christopher Ian Knowles | Director | — | 2007-11-15 |
| LEWIS, Henry Nathan | Director | 1993-06-01 | 2002-07-16 |
| LIGON, Janie L | Director | 2001-07-03 | 2020-02-29 |
| MAPLES, John Craddock | Director | 2000-04-03 | 2012-06-14 |
| SPAR, Debora Lynn, Dr | Director | 2013-01-01 | 2020-07-14 |
| TRAVIS, Simon Charles, Mr. | Director | 2021-02-09 | 2024-09-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Scott David Malkin | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 208 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-23 RESOLUTIONS Resolution
- 2024-09-23 CERT10 Certificate re registration public limited company to private
- 2024-09-23 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type group | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-28 | AA | accounts | Accounts with accounts type group | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-23 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2024-09-23 | MAR | incorporation | Re registration memorandum articles | |
| 2024-09-23 | RR02 | change-of-name | Reregistration public to private company | |
| 2024-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | AA | accounts | Accounts with accounts type group | |
| 2024-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-15 | AA | accounts | Accounts with accounts type group | |
| 2023-05-10 | CH01 | officers | Change person director company with change date | |
| 2023-05-10 | CH01 | officers | Change person director company with change date | |
| 2023-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-18 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.