Marks Electrical Group PLC (MRK) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to Mark's electrical interim results. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session through the phone lines, and instructions will follow at that time. I will now hand over to Mark Smithson, Chief Executive Officer, to open the presentation. Please go ahead. Hi, good morning, everybody, and welcome to Sunny Leicester. My name is Mark Smithson. I'm CEO and founder of Marks Electrical Limited, or what was now Marks Electrical PLC. I started the business in 1987 when I was 21, so February 2nd, 1987, remember it well. And I did own 100% of the business. I never had any private equity money or partners, and rather stubbornly soldiered on without any additional funding. So, I saw the light. Welcome, Josh, on board. Josh, join us as CFO. Thanks very much, Mark. Morning, everybody. I joined in April 21, so quite recently. Prior to that, I was with Intertech Group as a regional CFO in the Middle East. And before that, I was with Intertech as the head of investor relations for a number of years in London. Got talking to Mark earlier this year. I was really excited about the opportunity for the business and joined to help with the IPO and the future. Thanks, Josh. Yes, you've probably never heard of us. Pamiel Gordon depicted us as the UK's best kept secret. And we're planning on changing that. So I'd urge you to get on the website, have a look, see what we do. MarksElectrical.co.uk. We specialise in selling unfriendly freight, premium brands. So your big Samsung American fridge, freezer, melee washing machines and dishwashers, Siemens, microwave, combination ovens. top-end premium product is what we're really specialising. You know, it's higher margin and higher value on ...