Draft:Marks Electrical

Marks Electrical
Industry	Retail
Founded	1987
Headquarters	Leicester, England
Area served	United Kingdom
Key people	Mark Smithson (Founder & CEO)
Products	White goods; Consumer electronics;
Parent	Marks Electrical Group plc
Website	https://markselectrical.co.uk

Submission declined on 31 March 2024 by ToadetteEdit (talk).

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Declined by ToadetteEdit 2 months ago. Last edited by ToadetteEdit 2 months ago. Reviewer: Inform author.

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Submission declined on 9 January 2024 by KylieTastic (talk).

This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:

in-depth (not just brief mentions about the subject or routine announcements)
reliable
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strictly independent of the subject

Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.

Declined by KylieTastic 5 months ago.

Comment: This article has multiple issues, although it may meet notability guidelines. The History section may be better read as prose, unsourced claims that subject won half of the prizes listed. Toadette ^{(Let's discuss together!)} 14:08, 31 March 2024 (UTC)

Marks Electrical is a family-run retailer of electric appliances and white goods in the United Kingdom that has been in business for over 36 years. The company was founded by Mark Smithson on February 2nd, 1987.^[1]

The company supplies a range of electric appliances and consumer electronics, sold through their e-commerce website, as well as physical showroom based in Leicester.^[2]

History edit

1987 - 2000 edit

Founded by Mark Smithson in 1987 reselling used products in rented premises^[3]
Grew locally and purchased a further four wholly-owned stores to make a large superstore.
Positioned as a high-end MDA market leader in the Midlands

2001 - 2005 edit

Established as an online business
First website launched in 2001^[4]
Bought its first two warehouses

2006 - 2010 edit

First e-commerce website launched in 2008^[5]
Reached sales of circa 80% online despite a challenging trading environment caused by the global recession

2011 - 2016 edit

Added two new warehouses for £3.6m with circa 60,000 sq. ft capacity

2017 - 2020 edit

Bought current warehouse for £5.4m with 200,000 sq. ft capacity

2021 edit

First TV ad launched^[6]
Additional £7m invested in stock^[7]
78% revenue growth^[8] with controlled overheads and EBITDA margin more than 13%
IPO on the London Stock Exchange^[9]

2022 edit

Continued revenue growth at 44%^[10]
Operating leverage achieved over fixed cost based
9.0% EBITDA margin
Launched a rebrand for their fleet

2023 - 2024 edit

Revenue growth of 21.5% in 2023^[11]
Expected 2024 year on year revenue growth of 18%^[12]

Operations edit

The company flagship site spans over 12,000 sq ft including warehouses and a showroom on Boston Road in Leicester.

Awards edit

2013 - Domestic & General | Independent Electrical Retailer of the Year - Runner Up
2014 - Domestic & General | Internet Retailer of the Year
2015 - ERT | Independent Electrical Retailer of the Year - Finalist
2015 - ERT | Independent Electrical Retailer of the Year
2016 - ERT | Consumer Electronics Showroom - Finalist
2016 - ERT | Independent Retailer Website - Finalist
2016 - IER | Best Website - Highly Commended
2017 - ERT | Digital Marketing of the Year
2017 - ERT | Independent Electrical Retailer of the Year
2018 - IER | Best Customer Service - Highly Commended
2018 - IER | Best Website of the Year
2018 - Leicester Mercury | Retail Business of the Year - Finalist
2019 - IER | Best Customer Service of the Year^[13]
2020 - ERT | Best Independent Domestic Appliances Retailer^[14]
2020 - FEEFO | 6 Years Gold Service^[15]
2020 - IER | Best Independent Retailer Website of the Year^[16]
2021 - IER | Best Customer Service - Highly Commended
2021 - IER | Best Independent Retailer Website
2022 - IER | Best Large Independent Electrical Retailer - Domestic Appliances^[17]

References edit

External links edit

https://markselectrical.co.uk (United Kingdom)
https://group.markselectrical.co.uk

[1] ttps://doc.morningstar.com/850bdd859cd7d978fe69c0b64b3ee631.msdoc/?clientid=fiduk&key=06f7d682c5869576

[2] ttps://markselectrical.co.uk/leicester-showroom

[3] ttps://www.thetimes.co.uk/article/stick-your-head-in-the-oven-and-buy-marks-electrical-group-xk85tcr3d

[4] ttps://web.archive.org/web/20010202050700/http://www.markselectrical.co.uk/

[5] ttps://web.archive.org/web/20080415103930/http:/markselectrical.co.uk:80/

[6] ttps://www.youtube.com/watch?v=gksefY9kIwo

[7] ttps://www.lsegissuerservices.com/spark/m2yKGuNwWDMPjhcKD4GCB4/case-study-marks-electrical-from-one-man-band-to-plc

[8] ttps://www.retail-week.com/electricals/strategy-spotlight-five-ways-marks-electrical-is-disrupting-its-competitors/7044872.article

[9] ttps://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-marks-electrical-aim

[10] ttps://www.retail-week.com/electricals/strategy-spotlight-five-ways-marks-electrical-is-disrupting-its-competitors/7044872.article

[11] ttps://www.retail-week.com/electricals/strategy-spotlight-five-ways-marks-electrical-is-disrupting-its-competitors/7044872.article

[12] ttps://www.morningstar.co.uk/uk/news/AN_1704883601026674500/marks-electrical-ups-market-share-but-gross-margins-rise-disappointing.aspx#:~:text=For%20the%20financial%20year%20ending,8%20million%20in%20financial%202023

[13] ttps://ertonline.co.uk/news/ert-awards-2019-winners-revealed/

[14] ttps://ertonline.co.uk/news/ert-awards-2020-winners-revealed/

[15] ttps://www.feefo.com/en-GB/reviews/marks-electrical

[16] "Winners 2021 | IER Awards". 7 October 2021.

[17] "Winners 2022 | IER Awards". 13 June 2022.

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