Reported Earnings • Jul 24
Full year 2026 earnings released: EPS: UK£0.083 (vs UK£0.13 in FY 2025) Full year 2026 results: EPS: UK£0.083 (down from UK£0.13 in FY 2025). Revenue: UK£260.0m (down 6.1% from FY 2025). Net income: UK£4.96m (down 39% from FY 2025). Profit margin: 1.9% (down from 3.0% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jun 25
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. CEO & Director Gavin Peck is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 21
TheWorks.co.uk plc to Report Fiscal Year 2026 Results on Jul 23, 2026 TheWorks.co.uk plc announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on Jul 23, 2026 Duyuru • Feb 25
TheWorks.co.uk plc Announces Board and Committee Changes TheWorks.co.uk plc announced the appointment of Angela Rushforth as Independent Non-Executive Director, effective 25 February 2026. Angela is a highly experienced business executive, with 30 years' experience across a range of strategic and commercial roles. She has held senior management positions at a number of industry-leading listed and private building materials supply and retail businesses, with particular expertise gained in brand-building and business transformation. Most recently Angela spent over 10 years at Travis Perkins plc as part of their senior leadership team, including as Managing Director of BSS Group and more latterly as Managing Director of Toolstation, the multi-channel retailer with more than 550 branches in the UK and over 100 in Benelux. Angela also has relevant plc and corporate governance experience and is currently a Non-Executive Director at Eurocell plc. In addition to joining the Company's Board, Angela has been appointed Chair of the Remuneration Committee and member of the Audit and Nomination Committees. Duyuru • Jan 15
TheWorks.co.uk plc to Report First Half, 2026 Results on Jan 22, 2026 TheWorks.co.uk plc announced that they will report first half, 2026 results on Jan 22, 2026 Duyuru • Nov 14
Simon Hathway to Step Down as Independent Non-Executive Director of TheWorks.co.uk plc Early January 2026 TheWorks.co.uk plc notes the announcement by B&M European Value Retail S.A. and confirmed that Simon Hathway has informed the Board of his intention to step down from his role as Independent Non-Executive Director in early January 2026, to take on a full time Executive Director role at B&M. Simon joined the Board of The Works on 1 November 2024 and is currently Chair of the Remuneration Committee and member of the Audit and Nomination Committees. In taking on this new position, Simon will no longer have the capacity to continue with his Non-Executive Directorship or his other advisory commitments. The search to identify Simon's successor is underway. The Board will provide an update in due course. Duyuru • Aug 01
TheWorks.co.uk plc Appoints Nick Wharton as Independent Non-Executive Director and Chairman of the Audit Committee, Effect from 1 August 2025 A.G. BARR announced that Nick Wharton, Independent Non-Executive Director and Chair of the Audit and Risk Committee at A.G. BARR, has been appointed as an Independent Non-Executive Director and Chairman of the Audit Committee of TheWorks.co.uk plc with effect from 1 August 2025. As part of the Board's succession planning, Nick will replace Harry Morley who, as previously announced, intends to step down as Senior Independent Non-Executive Director following the upcoming AGM. Nick is a qualified Chartered Accountant with extensive experience in senior finance and leadership roles and expertise across the UK and international consumer industry. He has held senior finance positions at a number of well-known listed retail and FMCG businesses, including as CFO of Pepco Group NV, Superdry plc and Halfords Group plc. In addition, Nick was previously CEO of Dunelm plc. Nick has substantial plc and governance knowledge as a board member. Nick serves as a Non-Executive Director and Audit Committee Chair at AG Barr plc, Oriflame Investment Holding plc and Mears Group plc, having previously held the role of Non-Executive Director with Mothercare plc. The current directorships and partnerships include A.G. Barr plc; Mears Group plc; Oriflame Investment Holding plc; Oriflame Holding Limited; Glow Holdco Limited; Glow Topco Limited; and 1104 Consulting Ltd. The past directorships and partnerships include Pepco Group Limited; Pepco Group NV; Pepco Group Services Limited; Peu (Fin) plc; Peu (Tre) Limited; Poundland UK and Europe Limited; and Enville Golf Club Limited (The). Nick Wharton was appointed as Non-Executive Director to Mothercare plc ("Mothercare") on 14 November 2013. While a director, Mothercare put forward proposals for corporate voluntary arrangements ("CVAs") for certain of its subsidiaries (being Mothercare (UK) Limited and Early Learning Centre Limited (together the "Mothercare Subsidiaries")) on 17 May 2018 which were approved on 1 June 2018. Nick Wharton was a director of Mothercare plc at the time but not a director of the Mothercare Subsidiaries. The CVAs of the Mothercare Subsidiaries were completed on 28 September 2018 in accordance with their terms. Nick Wharton stepped down from the board of Mothercare plc on 31 December 2019. Duyuru • May 23
TheWorks.co.uk plc, Annual General Meeting, Sep 09, 2025 TheWorks.co.uk plc, Annual General Meeting, Sep 09, 2025. Duyuru • Jan 17
TheWorks.co.uk plc to Report First Half, 2025 Results on Jan 24, 2025 TheWorks.co.uk plc announced that they will report first half, 2025 results on Jan 24, 2025 Duyuru • Nov 01
Theworks.Co.Uk plc Announces Board Changes TheWorks.co.uk plc announced the appointment of Simon Hathway as Independent Non-Executive Director, effective 1 November 2024. This follows the announcement on 1 August 2024 that after six years on the Board, Catherine Glickman would not seek re-election at the Annual General Meeting, which took place on 31 October 2024. In addition to joining the Board, Simon has been appointed Chair of the Remuneration Committee and member of the Audit and Nomination Committees. With over 27 years' experience in international retail across the UK, Europe and Asia, and having spent the last 17 years within the discount sector, Simon is a highly experienced value retail executive and advisor. He has held senior positions at prominent value retailers, most recently between 2013 and 2018 as Buying Director and Commercial Director with Action Holding BV, one of Europe's fastest growing non-food discount retailers, and, prior to that, Wilko, where he held several key Operating Board positions. Since 2018, Simon has worked as a self-employed Retail Advisor, Consultant and Non-Executive Director, specialising in the value retail sector. Simon is currently a retained Senior Advisor to JJA, Europe's leading supplier of homeware products and Non-Executive Chair of Rove, a SaaS start-up helping consumer brands to expand internationally. Through his retail advisory and consultancy business, Simon advises a range of European discount businesses and Private Equity clients on areas including strategy, positioning and international expansion. Current directorships/partnerships: Retailise Limited and Rove Global Limited. Past directorships/partnerships: John Mills Limited, Retailise BV and Bamboo Rose LLC. Board Change • Oct 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Harry Michael Morley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 08
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to €0.27. The fair value is estimated to be €0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Oct 01
Full year 2024 earnings released: EPS: UK£0.10 (vs UK£0.084 in FY 2023) Full year 2024 results: EPS: UK£0.10 (up from UK£0.084 in FY 2023). Revenue: UK£282.6m (flat on FY 2023). Net income: UK£6.38m (up 21% from FY 2023). Profit margin: 2.3% (up from 1.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Duyuru • Oct 01
TheWorks.co.uk plc Announces Board Resignations TheWorks.co.uk plc announced that John Goold and Mark Kirkland, both Non-Independent Non-Executive Directors of The Works, have decided to step down from the Board with effect from 1 October 2024. John is Chief Executive Officer and Mark is Chief Financial Officer at Kelso Group Holdings plc, which retains a 6.15% interest in The Works and remains a supportive shareholder. New Risk • Aug 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-UK£8.1m). Minor Risks Latest financial reports are more than 6 months old (reported October 2023 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (€17.7m market cap, or US$19.3m). Duyuru • Jun 27
TheWorks.co.uk plc Announces Board Changes TheWorks.co.uk plc announced that Carolyn Bradley will be stepping down as Chair and Independent Non-Executive Director with effect from 15 July 2024. Steve Bellamy has been appointed to succeed Carolyn and will join the Board on the same date. Carolyn was appointed Chair of The Works three years ago. During her tenure, Carolyn has helped to steer the business through its recovery from the COVID-19 pandemic and a cyber security incident in April 2022. The business has benefitted greatly from her strong retail, marketing and customer proposition experience, particularly during a period of continuing development of the brand and 'better, not just bigger' strategy. She leaves the business in a stable position following its successful transition to AIM, action taken to reset the cost base and a restructuring of the Operational Board. Steve Bellamy joins as Non-Executive Chair, bringing extensive experience as both Chair and Non-Executive Director, having worked in and advised a wide range of public and private companies and been Chairman of, and advisor to, investment committees and capital providers. He has a record of supporting leadership teams to execute their operational strategies and in creating shareholder value. He is the Senior Independent Director and Chair of the Audit Committee at Caffyns plc and Independent Non-Executive Director and Chair of the Audit Committee at Empresaria Group plc. Steve's previous roles included being Non-Executive Director of Advanced Medical Solutions Group plc and Michelmersh Brick Holdings plc, and Chair of Becrypt Limited and Concirrus Limited. Steve was also formerly Chief Operating Officer and Finance Director of Sherwood International plc and is a Chartered Accountant. Steve will become Chair of the Nomination Committee and member of both the Remuneration and Audit Committees upon his appointment to the Board. Duyuru • May 22
TheWorks.co.uk plc to Report Fiscal Year 2024 Results on Oct 01, 2024 TheWorks.co.uk plc announced that they will report fiscal year 2024 results on Oct 01, 2024 Buy Or Sell Opportunity • Apr 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 2.9% to €0.28. The fair value is estimated to be €0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Mar 20
TheWorks.co.uk plc, Annual General Meeting, Apr 04, 2024 TheWorks.co.uk plc, Annual General Meeting, Apr 04, 2024, at 08:30 Coordinated Universal Time. Location: the offices of Squire Patton Boggs (UK) LLP at 60 London Wall, London, EC2M 5TQ London United Kingdom Agenda: To consider to approve the Delisting and AIM Admission. Buy Or Sell Opportunity • Mar 09
Now 20% overvalued Over the last 90 days, the stock has fallen 6.7% to €0.28. The fair value is estimated to be €0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Feb 16
TheWorks.co.uk plc Announces Appointment of Non-Executive Directors TheWorks.co.uk plc announced the appointment of John Goold and Mark Kirkland as Non-Independent Non-Executive Directors effective immediately. John Goold is Chief Executive Officer and Mark Kirkland is Chief Financial Officer at Kelso Group Holdings plc. John and Mark will become members of the Board but, as Non-Independent Directors, will not join any committees. Their focus will be on all matters relating to shareholder value. John Goold qualified as a chartered accountant in London with Touche Ross in 1996 before a 25 year career in the City raising growth capital and advising small and mid cap companies. John initially started in corporate finance before moving into equity sales and corporate broking where he spent most of his career advising smaller listed companies on stock market issues. During his career, John has helped raise over £5.0 billion for his clients much of which was while he was Chief Executive of Zeus from 2012 to 2021. He is currently a non-executive director of Oncimmune Holdings plc and Boohoo Group plc. Mark Kirkland qualified as a chartered accountant with Price Waterhouse Coopers in London and has gained extensive corporate experience gained over 30 years having held numerous senior roles in public and private companies. Mark's initial career was in corporate finance predominantly with UBS. Mark has been CFO of numerous public and private companies and latterly was CEO of Delin Property. He is currently a Non-Executive Director at Strix Group plc and AEW UK REIT plc and previously an adviser to DP World. Board Change • Jan 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Harry Michael Morley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 19
New major risk - Negative shareholders equity The company has negative equity. Total equity: -UK£8.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-UK£8.1m). Minor Risk Market cap is less than US$100m (€17.6m market cap, or US$19.1m). Reported Earnings • Jan 19
First half 2024 earnings released: UK£0.18 loss per share (vs UK£0.084 loss in 1H 2023) First half 2024 results: UK£0.18 loss per share (further deteriorated from UK£0.084 loss in 1H 2023). Revenue: UK£122.6m (up 3.1% from 1H 2023). Net loss: UK£11.0m (loss widened 109% from 1H 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Duyuru • Jan 18
TheWorks.co.uk plc Announces Management Changes TheWorks.co.uk plc announced that Rosie Fordham has now been joined the Board effective 31 December 2023. Together with the appointment of Lynne Tooms as Commercial Director and Simon Peck as Marketing Director, the company now have a strengthened leadership team to help steer the business through the next phase of development. Duyuru • Nov 11
TheWorks.co.uk plc to Report Q2, 2024 Results on Jan 18, 2024 TheWorks.co.uk plc announced that they will report Q2, 2024 results on Jan 18, 2024 New Risk • Nov 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€22.9m market cap, or US$24.4m). Duyuru • Nov 09
Theworks.Co.Uk plc Announces CFO Changes TheWorks.co.uk plc announced at the Preliminary results on 30 August 2023 that Rosie Fordham, Head of Finance at The Works, would succeed Steve Alldridge as CFO by the end of December 2023 following an orderly handover process. The company confirms that Rosie will assume the position of CFO and join the Board of Directors on 31 December 2023. Upcoming Dividend • Sep 28
Upcoming dividend of UK£0.016 per share at 4.2% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 02 November 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). Duyuru • Sep 02
TheWorks.co.uk plc, Annual General Meeting, Oct 04, 2023 TheWorks.co.uk plc, Annual General Meeting, Oct 04, 2023, at 08:00 Coordinated Universal Time. Location: Boldmere House, Faraday Avenue, Hams Hall Distribution Park, Coleshill Birminmgham United Kingdom Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: UK£0.084 (vs UK£0.14 in FY 2022) Full year 2023 results: EPS: UK£0.084 (down from UK£0.14 in FY 2022). Revenue: UK£280.1m (up 5.8% from FY 2022). Net income: UK£5.27m (down 40% from FY 2022). Profit margin: 1.9% (down from 3.3% in FY 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. New Risk • Jul 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported October 2022 fiscal period end). Dividend is not well covered by earnings (167% payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€24.1m market cap, or US$26.8m). Duyuru • Jul 14
TheWorks.co.uk plc to Report Fiscal Year 2023 Results on Aug 02, 2023 TheWorks.co.uk plc announced that they will report fiscal year 2023 results on Aug 02, 2023 Reported Earnings • Jan 23
First half 2023 earnings released: UK£0.14 loss per share (vs UK£0.014 loss in 1H 2022) First half 2023 results: UK£0.14 loss per share (further deteriorated from UK£0.014 loss in 1H 2022). Revenue: UK£118.9m (up 2.5% from 1H 2022). Net loss: UK£8.68m (loss widened UK£7.82m from 1H 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in Germany. Duyuru • Nov 19
TheWorks.co.uk plc to Report First Half, 2023 Results on Jan 20, 2023 TheWorks.co.uk plc announced that they will report first half, 2023 results on Jan 20, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Harry Michael Morley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 24
Full year 2022 earnings released: EPS: UK£0.14 (vs UK£0.037 loss in FY 2021) Full year 2022 results: EPS: UK£0.14 (up from UK£0.037 loss in FY 2021). Revenue: UK£264.6m (up 47% from FY 2021). Net income: UK£8.72m (up UK£11.0m from FY 2021). Profit margin: 3.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Like-for-like sales growth: 36.7% vs FY 2021 Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Specialty Retail industry in Germany. Duyuru • Sep 23
TheWorks.co.uk plc Proposes Final Dividend for the Fiscal Year 2022, Payable on 24 November 2022 As part of some prudent measures to strengthen the balance sheet and manage the cost base and cash flows during the COVID-19 pandemic, dividends were suspended in fiscal year 2022 and fiscal year 2021. Reflecting the Group's strong performance in fiscal year 2022, and its future potential, the Board will propose the payment of a final dividend of 2.4 pence per share in respect of fiscal year 2022, subject to shareholder approval at AGM on 27 October 2022, and will look to maintain the cadence of twice yearly dividend payments thereafter. If approved by shareholders, the dividend will be paid on 24 November 2022 to shareholders on the register on the record date of 4 November 2022. Duyuru • May 06
TheWorks.co.uk plc to Report Fiscal Year 2022 Results on May 20, 2022 TheWorks.co.uk plc announced that they will report fiscal year 2022 results on May 20, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Harry Michael Morley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 22
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: UK£0.014 loss per share (up from UK£0.052 loss in 1H 2021). Revenue: UK£116.1m (up 31% from 1H 2021). Net loss: UK£852.0k (loss narrowed 74% from 1H 2021). Revenue exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the industry in Germany. Recent Insider Transactions • Oct 08
Chairman recently bought €58k worth of stock On the 6th of October, Carolyn Bradley bought around 106k shares on-market at roughly €0.55 per share. This was the largest purchase by an insider in the last 3 months. This was Carolyn's only on-market trade for the last 12 months. Executive Departure • Oct 07
Non-Executive Chairman Dean Hoyle has left the company On the 30th of September, Dean Hoyle's tenure as Non-Executive Chairman ended after 3.2 years in the role. As of June 2021, Dean still personally held 10.47m shares (€7.2m worth at the time). Dean is the only executive to leave the company over the last 12 months. Board Change • Aug 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Harry Michael Morley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
