08 4月 英国大学申请文书要求：迪克·史密斯控股有限公司
迪克·史密斯控股有限公司于2016年5月3日关闭。人们发现这家商店没有买主，因此他们不得不关门。这家公司曾经是一个家喻户晓的名字，并获得了巨大的品牌形象，关闭这些商店被认为是一个不幸的事件。他们专门销售消费类电子产品(Low, 2016)。它最初成立于1968年。直到1982年，它还是一家家族企业。伍尔沃斯公司(Woolworth company)收购了DSE，并最终于2012年将公司出售给安克雷奇资本合伙公司(Anchorage Capital Partners)。该公司自2013年起积极参与澳大利亚证券交易所(ASX)的交易。2015年12月，公司股价跌破80%，2016年1月，交易暂停。2016年2月，一份声明发布，迪克·史密斯控股的所有门店将关闭。2016年5月3日，公司关闭(Low, 2016)。
Dick Smith Holdings Limited was closed on 3rd May 2016. It was found that there was no buyer to the store and hence they had to close. This company was once a household name and had garnered immense brand image and the closing of these stores was considered to be an unfortunate event. They specialized in selling of consumer electronics (Low, 2016). It was initially founded in the year 1968. It was a family owned business until 1982. Woolworth company tool over DSE and eventually sold the company to Anchorage Capital Partners in 2012. This company was actively involved in trading in the Australian Securities Exchange (ASX) from 2013. During December 2015, the company share price had fallen below 80%, and in January 2016, there was a halt in the trading process. During Feb 2016, a statement was released that all the stores of Dick Smith holdings will be closed. On 3rd May 2016 the company was closed (Low, 2016).
In the year 2015 November, it was informed that Dick Smith announced a $60m charge for excess inventory. It was clear that the company was failing and there was no possibility of profit for the company. It was advised that the company downgrade the operations by 15%. Previous year’s profit of $43.4m and it was clear that the current scenario was simply not possible (Low, 2016). In June 2015, the company has a net debt of $41m and the equity value was estimated to be around $84m. Cash in the bank was $29.5 as of June 30. The liabilities of the company excluding trade when compared to the earning posted in the last year were $75.7 m. The debt of the company was 0.5 times EBITDA (A company’s Earnings Before Interest, Taxes, Depreciationand Amortization). From then, on the value of the inventory has been steadily devaluated. They cut the inventory levels in an obvious attempt to balance the debt. In this situation, the NAB and HSBC banks became the primary lenders to this bank.