Company:Photo-Me International
| Type | Public limited company |
|---|---|
| LSE: [Script error: No such module "Stock tickers/LSE". PHTM] | |
| Industry | Vending |
| Founded | 1960s |
| Headquarters | Epsom, Surrey, England |
Area served | World wide |
Key people | Serge Crasnianski, (CEO) |
| Website | www |
Photo-Me International plc (LSE: [Script error: No such module "Stock tickers/LSE". PHTM]) based in Epsom, Surrey operates photobooths. It became a public limited company in 1963 and has built operations in several countries including Indonesia, Japan , Philippines , Germany and France in addition to the UK. Although most well known for its photobooths, Photo-Me operates, sells and services a range of instant service equipment.
The Company's shares have been listed on the London Stock Exchange since 1962. In 2007 a shareholder revolt over plans to sell off the vending division forced Vernon Sankey and Serge Crasnianski to resign.[1]
In February 2009 there was a profit warning[2] and in March 2009 chief executive Thierry Barel resigned.[3]
Serge Crasnianski was reappointed to the board as a non-executive director in May 2009. He was subsequently appointed Deputy Chairman and Joint Chief Executive and in May 2010 assumed the role of Chief Executive.
Following his reappointment, a major restructuring was carried out at KIS and the Group after losses of £6.3 million in 2008 and recorded a pre-tax profit of £1.6 million in the year ending April 30, 2009. In the year to 30 April 2010, the Group’s loss-making wholesale photo-processing labs business was sold and pre-tax profits were reported at £14.0 million. Of note was the £31.6 million improvement in the overall cash position such that the net cash on the Balance Sheet was £8.1 million compared to net debt of £23.5 million the previous year.[4]
Canary Wharf in London has installed the company's photo booths but in this case they are ones designed in conjunction with Philippe Stark.[5]
The company has diversified into the laundry business, with a division called 'Revolution'. Revolution is a 24/7 outdoor self-service launderette. This division is trading beyond expectations with 2000 units planned for the end of 2015.[6]
In November 2016 it was announced that the company had bought the photo division of Asda stores, taking over the supermarket's 191 photo centres and 172 self-service kiosks.[7]
The company's chairman, John H. J. Lewis, was knighted by the Honours Committee in the 2019 New Year Honours. Critics[who?] noted that Lewis had donated approximately £390,000 to the Conservative Party since 2006.[8]
References
- ↑ Photo-Me shares fall after profit warning - The Independent
- ↑ http://sellyourphotograph.com/how-to-make-money-with-photography [yes|permanent dead link|dead link}}]
- ↑ http://www.h-l.co.uk/shares/security_news/articles/2653207?rq=article&sedol=0848125 [|permanent dead link|dead link}}]
- ↑ "Photo-Me International PLC, UK - Financial Reports". http://investor.photo-me.com/financial_reports.
- ↑ "Photo-Me Booth". Canary Wharf. http://canarywharf.com/shopping/directory/photo-me-booth-canada-place-1/.
- ↑ News Team. "Serge Crasnianski, the chief executive of Photo-Me (LON:PHTM)". DirectorsTalk. http://www.directorstalk.com/serge-crasnianski-chief-executive-photo-lonphtm/.
- ↑ "Investors Chronicle - News & Tips: Keywords Studios, Photo-Me, HSBC & more". http://www.investorschronicle.co.uk/2016/11/07/shares/news-and-analysis/news-tips-keywords-studios-photo-me-hsbc-more-Hl56yRRhYSYuneQZo8qQmJ/article.html.
- ↑ "Civil servitude". Private Eye (London: Pressdram Ltd). 11 January 2019.
External links
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