Tesco PLC

Tesco PLC

Trading as: Tesco Labs
#00445790 Active
B2bServicesSoftware

Tesco Labs is the innovation and research arm of Tesco, dedicated to creating disruptive retail experiences and products for customers and colleagues globally. They focus on both near-term opportunities and breakthrough innovations.

Founded: 27/11/1947
Industries: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Location: Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, United Kingdom

Products

  • Retail Technology Solutions
  • Customer Experience Innovations

Services

  • Research And Development
  • Innovation Consulting

Financial Snapshot

Last accounts made up to 24 February 2024
Next accounts due 26 August 2025 (4 months)
Cash in Bank £4,674m
↑ 5%
Turnover £68,897m
↑ 5%
EBITDA £4,604m
↑ 10%
Gross Profit £7,818m
↑ 10%
Total Liabilities £20,472m
↑ 16%
Employees 225,659
↑ 2%

Directors

Role:
Director
Appointed:
20/02/2025
Nationality:
British
Age:
61 years
Role:
Director
Appointed:
01/09/2023
Nationality:
British
Age:
64 years
Role:
Director
Appointed:
01/09/2023
Nationality:
British,irish
Age:
69 years
Role:
Company Director
Appointed:
01/10/2022
Nationality:
British
Age:
62 years
Role:
Non-executive Director
Appointed:
18/06/2021
Nationality:
British
Age:
55 years
Role:
Non Executive Director
Appointed:
01/06/2021
Nationality:
Belgian
Age:
49 years
Role:
Director
Appointed:
01/05/2021
Nationality:
Luxembourger
Age:
51 years
Role:
Director
Appointed:
30/04/2021
Nationality:
French
Age:
59 years
Role:
Director
Appointed:
01/10/2020
Nationality:
Irish
Age:
58 years
Role:
Company Director
Appointed:
24/09/2018
Nationality:
British
Age:
50 years
Role:
Director
Appointed:
05/03/2018
Nationality:
British
Age:
68 years
Role:
Director
Appointed:
01/04/2016
Nationality:
British
Age:
63 years

People with Significant Control

No active PSCs found
Feb 2023Feb 2022Feb 2021
Income Statement
Turnover
Export Revenue
Sales
Other Operating Income
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Gross Profit
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Stock
Debtors
Cash in Hand
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Called Up Share Capital
P&L Account Reserve
Shareholder Funds
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Provisions
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Creditors (> 1 year)
Other Non-Current Liabilities
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Creditors
Creditors (< 1 year)
Other Current Liabilities
Key Metrics
Net Assets
Net Current Assets
Total Assets Less Current Liabilities
Working Capital
Enterprise Value
Added Value
Cashflow Before D&A
Other Information
Staff Costs
Number of Employees
15 shareholders available
Shareholder 1
Shares:
Percentage:
Filing Date:
Shareholder 2
Shares:
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Shares:
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Charges

9 charges registered
Tesco Trustee Company of Ireland Limited as Trustee of the Tesco Ireland Limited Senior Executive Pension Scheme Outstanding
Created 04/11/2009

Right title benefit and interest in and to the account being the euro designated account in the name...

Tesco Ireland Pension Trustees Limited as Trustee of the Tesco Ireland Limited Pension Plan Outstanding
Created 04/11/2009

Right title benefit and interest in and to the account being the euro designated account in the name...

Properties

3 properties
Regions
3
Freehold
1
Leasehold
2
SOUTH EAST

Tesco Stores, Mill Lane, Henley on Thames

Leasehold
Added 26/01/2004 SOUTH OXFORDSHIRE
YORKS AND HUMBER

Land on south side of Corporation Road, Beverley

Leasehold
Added 03/02/2004 EAST RIDING OF YORKSHIRE
NORTH WEST

Land lying to the south west of Earl Road, Handforth, Wilmslow

Freehold
Added 17/11/1993 CHESHIRE EAST
1 issuance recorded

Total Amount Raised (Valid Issuances)

Shares Issued (Valid Issuances)

Date CLASS
Shares Issued:
Price Per Share:
Amount Raised:
Filing:
Date CLASS
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Filing:

Grants

No grant information available

Group Structure

Government Council Contracts Beta

Total Council Spend
£212,596.17
Across 3025 transactions
Contract Period
Jun 2013 - Apr 2105
6 councils
Average Per Council
£35,432.70
504 avg. transactions

Council Partners

Cherwell District Council
Epsom And Ewell Borough Council
Halton Borough Council

Company Filings

12/03/2025 Officers

Appoint Person Director Company With Name Date

07/03/2025 Capital

Capital Return Purchase Own Shares

07/03/2025 Capital

Capital Return Purchase Own Shares

07/03/2025 Capital

Capital Return Purchase Own Shares

07/03/2025 Capital

Capital Return Purchase Own Shares

17/02/2025 Capital

Capital Cancellation Shares

05/02/2025 Capital

Capital Cancellation Shares