Capital Resources TMA Essay Example | Topics and Well Written Essays - 2500 words

Capital Resources TMA - Essay Example Capital may be of two types- fixed capital and working capital. Capital resource TMA (Turnaround Management Association) is an important concept in the area of Financial Management. TMA is an association which is non -profit making in nature, which lead to a turning point for the industrial development and implementation. In this concept, we are making an analysis of recent annual reports of Marks and Spencer plc and Debenhams plc for the year of 2007 and 2006. Marks and Spencer plc (M&S) is one of the largest retailers in food and clothing industry, having links through out the world. Debenham plc is also a retailer with a linkage of departmental stores. Marks and Spencer plc, one of the leading companies in the world is occupying an out standing business results per year. Taking in to account, the provisional results of company’s performance in the year 2006-2007, there is a growth in sales up to 11% and there by a corresponding increment in the adjusted profits before taxation, interim dividend etc. Similarly the company achieved progress in its major areas of retail trading also. During this period, the clothing industry achieves an increment of 10.1% and the rate of food industry goes up from 3.8% to 4% respectively. (Interim Results 2006/2007 2006). The growth rate in the investment sector is also drastic in nature. The major reason behind the success of M&S is treating their customers with good quality products and services. Business plan of the company is constant over a long period of time, but the competitors they are facing are varying. The company is also giving stress on for following the Corporate Social Responsibility (CSR) and other ethical behavior for the better running of business. As a result, the company is running well, and looking forward for further implementation to speed up their growth through their customers by keeping them for long. â€Å"Marks & Spencer Group Plc, the U.K.s biggest