FINANCIAL ACCOUNTING AND REPORTING

Financial accounting and reporting

Table of Contents

Gregg's Plc (Company's overview)3

Position within the industry3

Competition4

Recent developments4

Future direction of the company5

Qualifications and experience of the board of directors6

Key employers of the Company6

Corporate governance8

Corporate responsibilities8

Environmental policies9

Financial analysis of the company10

Stock market research10

Company share price chart of the past two years (July 2009- 19 May 2011)10

Gregg Plc past 5 year share price chart (22 September 2006 - 28th March 2011)11

Summary and Conclusion of Financial Analysis of Gregg's Plc14

Ratio analysis15

Liquidity ratios15

Profitability ratios15

Management Efficiency16

Investment16

References17

Appendix18

Financial accounting and reporting

Gregg's Plc (Company's overview)

Greggs is engaged in the retailing of sandwiches, savories and other bakery related products. Co. specializes in sandwiches, savories and other freshly baked food on the go. Gregg's Plc is listed on the main London stock market, where it's a constituent member of the FTSE 250 index. Greggs Plc was founded by Mr. John Gregg as a Tyneside Bakery in the year 1939. The first retails outlet of the company opened in Gosforth, Newcastle in the year 1951. The company witnessed major expansion after taken over by Mr. Ian son of Mr. John Gregg. Mr. Ian started the expansion of the company by acquiring other bakeries such as Leeds based Thurston's in the year 1972 (Gregg's Plc 2000, Pp. 3-36). Gregg's Plc is planning to open around 600 more stores in the near future and it will create around 6,000 new retail jobs. More over the company is planning to extend the serving capacity of the existing retails outlets. On June 19, 1994, Company acquired Baker's Oven business with 424 outlets at a net cost of £12,000,000 from Associated British Foods plc. On Feb. 27, 1995, Co. incorporated a new division, Greggs of Twickenham, based on the Baker's Oven bakery in Twickenham comprising of 91 shops in South and West London and the adjoining countries. On July 30, 1995, Co. acquired 100% share capital of Oliver's (U.K.) Limited.

Position within the industry

Gregg's Plc is the leading bakery in the United Kingdom with more than 1,480 retail outlets across United Kingdom. The company has employed over 19,000 people and serves more than six million customers on weekly basis (Gregg's Plc 2000, Pp. 3-36). The company is operating since 1939 and is famous for its high quality bakery products such as sandwiches as well as selling freshly baked savories such as Cornish pastries and sausage rolls, local items are also very popular.

Competition

The primary competitors of the company are as under;

Burger King Corporation

Tesco Plc

Prêt A Manger (Europe) Limited

Recent developments

The financial performance of the year 2010 shows a positive growth in the overall business activity of the company and the earning per share of the company has increased from 16.6 pence to 18.2 pence. The company has shown a steady growth over the past years and has more than 1,500 retail outlets and shops, with many city centers and towns having multiple stores. In the year 2009, the company announced the extension program for its existing outlets and has become bigger than the famous fast food chain “Mc Donald's”, with in United ...