OneBelow

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"One Below" redirects here. For other uses, see One Below (disambiguation).

One Below
OneBelow Retail Limited
TypePrivate
IndustryVariety store
PredecessorPoundworld
Founded29 September 2018; 3 years ago (2018-09-29)
FounderChristopher Edwards Sr.
Headquarters
Dodworth, Barnsley
,
England
Number of locations
70 (January 2021)[1]
Key people
Christopher James Edwards (Director)
Christopher Edwards (Director)
Mark Andrew Ward (Director)
RevenueIncrease £64.587 million (2021)[2]
OwnerChristopher Edwards Sr.
Number of employees
881 (2021)
Websitewww.one-below.co.uk

One Below is a British variety store launched by Christopher Edwards and Chris Edwards Sr.[3] Christopher Edwards is managing director while father Chris Edwards Sr is chairman.

History[]

In October 2018, it was announced that former Poundworld founders Christopher Edwards and Chris Edwards Sr [4] would be launching their own new variety store, where products are sold for £1 or less. One Below was incorporated on 29 September 2018 as Onebelow Retail Limited.[5] One Below would be very similar to Edwards former venture of Poundworld which went into administration in June 2018.[6]

On 1 March 2019 One Below opened four new stores on the same day, with branches in Doncaster,[7] South Shields[8] and two more in two different areas of Leeds in Kirkstall and Rothwell.[9] All of the new One Below shops that opened on 1 March 2019 were placed in former Poundworld spaces and retail units. When asked about One Below, Edwards said in an interview "We've had a good response from landlords we've dealt with historically. We're lining shops up and most of them are going to be Poundworld sites."[10] One Below are aiming to have 100 stores open and trading by the end of 2019.[11][12]

On 4 March 2019 One Below announced that on 8 March 2019 at 12:00pm four more stores will open in Nottingham Victoria Centre, Manchester Fort Retail Park, Redcar High Street and Wolverhampton Mander Centre. One Below also announced that four more stores: Westgate Retail Park Wakefield, Fishponds Retail Park Bristol, and would open on 16 March 2019, bringing the total number of stores to 12 in less than a month.[13][14]

Financial performance[]

Year ending Turnover (£m) Profit
Gross (£m) Operating (£m) Post-tax (£m) Number of Stores
31 January 2021[15] 64.59 10.53 2.58 1.87 70
31 January 2020 (16 Months)[16] 45.87 7.69 -1.11 0.79 60

References[]

  1. ^ "A-Z Store Directory". OneBelow. Retrieved 24 May 2020.
  2. ^ "Companies House Filings". Companies House. Retrieved 7 October 2021.
  3. ^ https://www.retailgazette.co.uk/blog/2019/03/poundworld-founders-launch-one-create-1000-new-jobs/Stevens, Ben (1 October 2018). "Poundworld founder Chris Edwards to launch new Onebelow discount chain". Retail Gazette. Retrieved 2 March 2019.
  4. ^ https://www.retailgazette.co.uk/blog/2019/03/poundworld-founders-launch-one-create-1000-new-jobs/
  5. ^ "ONEBELOW RETAIL LIMITED - Overview (free company information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2 March 2019.
  6. ^ Stevens, Ben (1 October 2018). "Poundworld founder Chris Edwards to launch new Onebelow discount chain". Retail Gazette. Retrieved 2 March 2019.
  7. ^ Bateman, Stephanie. "A brand new name opens in Doncaster Market Place this week offering top names and low prices". Doncaster Free Press. Retrieved 2 March 2019.
  8. ^ "20 new jobs for South Shields as discount store One Below opens in King Street". Shields Gazette. Retrieved 2 March 2019.
  9. ^ Bateman, Stephanie. "A brand new name opens in Doncaster Market Place this week offering top names and low prices". Doncaster Free Press. Retrieved 2 March 2019.
  10. ^ Ross, Alex. "New OneBelow shop where everything costs under £1 is coming to Bradford". Bradford Telegraph and Argus. Retrieved 2 March 2019.
  11. ^ Stevens, Ben (1 October 2018). "Poundworld founder Chris Edwards to launch new Onebelow discount chain". Retail Gazette. Retrieved 2 March 2019.
  12. ^ "New OneBelow shop where everything costs under £1 is coming to Bradford". Bradford Telegraph and Argus. Retrieved 2 March 2019.
  13. ^ "One Below". www.facebook.com. Retrieved 4 March 2019.
  14. ^ "Manchester Fort Shopping Park, Overview | Morgan Williams". www.morganwilliams.co.uk. Retrieved 4 March 2019.
  15. ^ "Poundland Statutory Financial Statements 2021". Companies House. January 2021. Retrieved 8 October 2021.
  16. ^ "Onebelow Retain Statutory Financial Statements 2020". Companies House. January 2020. Retrieved 8 October 2021.


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