It all started with a fiver. That was how much Robert Dyas had to invest in his new business when he emigrated from County Meath in Ireland. The first shop was set up in London in 1872 and by the time of his death at the age of 66 the enterprising Robert had established 18 stores and a strong family business. His sons took over after that, followed by his two grandsons who sadly passed away in 1961 and 2002.
We went on to survive several setbacks, including the economic depression after World War I and the Blitz of World War II, when our Head Office, warehouse and 18 stores were destroyed. In 1997 we lost our Head Office and warehouse again to fire in Croydon. However, in each case the team spirit that typifies the organisation ensured we came back stronger than ever.
Robert Dyas Today
We began as Ironmongers, but today we’re so much more. We are a modern retailer with up-to date systems, people and ideas. We are curious and interested in the new and we scour the world for the latest products and nifty solutions that make homemaking easier. But we are not interested in the flimsy or throwaway. For us, new products must be enduring as well as innovative.
Modern homes can be pretty demanding. There are always a million and one things that need adding, doing or fixing. We realise everyone has a busy life these days- so, whatever you need, we aim to make the process of getting it to you as convenient as possible.
Kitchenware, household items, electrical appliances, home office, gardening products, power tools, china, glassware, DIY, ironmongery - we have almost everything that you need for your home, with our own exclusive products and famous brand names such as Brita, Energizer, Karcher, Kenwood, Morphy Richards, Tefal, Durcell, Brabantia and Vax, to name just a few.
We run our business as shopkeepers, not just shops, offering the new, the rare and the necessary with and the helpful advice and guidance our customers need.
We’re a continually changing and growing modern organisation, but one thing will always remain the same - the value we place on customer service. How have we achieved such a high level of service? By listening to our customers and accommodating their needs by being flexible, personal and thoroughly professional retailers.
We now have 100 stores spread across the South of England varying in size from a large 9,000 sq ft right down to 1,250 sq ft. Assisting the whole operation and looking after our employees is our Head Office in Leatherhead.
Putting the environment 1st with some environmental firsts
Of course, as a responsible company we take our impact on the environment very seriously. We aim to improve our energy efficiency, reduce carbon emissions and minimize our use of other unnecessary resources. We strive to ensure that our wooden products are sourced from sustainable, well managed forests. We encourage designers and manufacturers to develop and work with new sustainable designs and technologies.
We also help our customers reduce their environmental impact. In 2010 we introduced the first High Street recycling service for energy saver light bulbs. This is the latest in a string of recycling ‘firsts’ for us. Robert Dyas was the first company to offer in-store battery recycling across the whole chain. And we were the first and still remain the largest recycler of Brita water filters in the UK.
We continue to support The One Foundation, helping them fund Play Pump systems to provide fresh, clean water for African children and their local communities.
Add this to our ongoing environmental initiatives such as the Refill not Landfill campaign and you’ll see we’re trying to do our bit.
Our Vision for the Future
We know we’ve got something unique to offer. Our popularity and success on the high street is proof of that.
The potential is immense and it’s an exciting time for Robert Dyas.
For general business enquiries or to speak to a specific Robert Dyas employee, please contact us at Head Office:
By mail: Robert Dyas, Cleeve Court , Cleeve Road , Leatherhead, Surrey , KT22 7SD
Theo PaphitisTheo Paphitis is one of the UK’s most high profile businessmen with an empire spanning retail, property, finance and consumer goods. Learn more...
Ryman, Boux Avenue & Robert Dyas Christmas Trading & Financial Statements for year ended March 2012
Ryman which has 237 stores nationwide registered a like for like increase of 1.1% in store and 2% when including on-line. Theo has owned Ryman since 1995.
Theo Paphitis comment:
In what is a challenging Retail and economic environment, I am delighted that all 3 of my retail businesses delivered a positive performance over the crucial Christmas Period. The businesses are obviously at different stages of development under my ownership so I am delighted to see them all make good ground both in store and online this year.
I will continue to invest in a sector that has always thrilled me, seeking other opportunities and further continue to expand my existing retail brands. With no bank borrowing in any of the businesses and substantial cash deposits we are in the envious position of setting our own agenda and strategy for the long term benefit of our colleagues, customers and the businesses.
Financial Statements Year ended 31 March 2012:
Operating Profit for the trading business for the year to 31 March 2012 was marginally ahead of 2011 at £7.04m v £7.00m. This was an increase from £6.2m in 2010. Like for like sales at +0.7%.
Note 1: Profit before tax for Ryman Limited of £14.4m for 2012 includes a dividend of £7.2m from subsidiary and is not comparable with 2011 profit before tax of £7.2m.
Note 2: Ryman Group Limited – parent company for Ryman Limited and property investment.
Boux Avenue Limited
The business as a concept was launched in April 2010 and started trading in April 2011 with its first 6 stores and a website. The year ended 31 March 2012 represents Boux Avenue’s first year of trading with a total of 8 stores.
Operating loss of £8m on turnover of £6.9m is in line with expectations for first year of trading. The investment has been made to establish a world-wide lingerie retail brand selling its own designed and manufactured product which now has 17 stores and a first class website in the UK and 3 stores overseas. The business has now created over 500 new retail jobs in its first 18 months of trading.
2013 plan is to see UK stores increased to 25 and a further 10 overseas. The UK website is already seeing more than threefold increase on the launch year.
Boux Avenue expected to be profitable in year ended March 2015. Investment to establish brand made by Theo Paphitis from own resources and will be over £30m.
As mentioned above, Christmas trading for 2012 was very encouraging seeing like for like growth of over 50% for its first 7 stores. Growth is expected to continue into 2013 as the stores mature and the brand increases its presence in the UK and overseas.
The financial statements for the year ended 31 March 2012 represent a period prior to Theo Paphitis purchasing the business in July 2012.
Operating profit for the year ended 31 March 2012 was £1.6m from £2.8m in 2011.
Trading since the acquisition has been excellent with Christmas seeing double digit like for like growth. Forecast for the financial year ending 31 March 2013 is for EBITDA to be over £4.5 million.
The business is now also free from bank debt.
Theo Paphitis comment:
I am pleased with the performance of all 3 retail businesses I own. At different stages of their lifecycle, all are performing in line with my expectations despite a difficult UK retail market. We will continue to focus on driving our established brands; Ryman and Robert Dyas, and nurturing Boux Avenue through the early stages of establishing and growing a brand worldwide. Whilst I expect 2013 to be every bit as challenging as the previous two years for the UK economy, I believe with the continued support of all my colleagues the businesses will continue to meet their plans. I look forward to exploring what retail has to offer both here in the UK and overseas. Investing my own funds allows me to implement strategies that are right for the long term, which continues to excite me.