Question 1

What revolving credit facility size does The Works have and to when does it run?

Accepted Answer

The Works has a new £20m revolving credit facility that runs to November 2029.

Question 2

How much did The Works’ like-for-like sales grow in the first 11 weeks of FY27 to 19 July?

Accepted Answer

In the first 11 weeks of FY27 to 19 July, The Works reported like-for-like sales growth of 8.8%.

Question 3

What net cash did the group report at period end?

Accepted Answer

The group reported net cash of £3.6m at period end, down from £4.1m.

Question 4

Does the thematic commentary say The Works has a medium-term adjusted EBITDA target for FY30?

Accepted Answer

Yes. The thematic commentary says The Works aims to reach a medium-term £22.5m pre-IFRS 16 adjusted EBITDA target by FY30.

Question 5

What change did The Works make in March to its online transactional operations?

Accepted Answer

In March, The Works discontinued its online transactional channel due to recurring fulfilment problems with third-party providers, and it is now presented as a discontinued operation.

Question 6

Where does The Works (UK) operate?

Accepted Answer

The Works (UK) operates in UK non-food retail, as a specialist retailer.

Timeline

The Works

The Works profit jumps 47% as strategy pays off

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