The house-of-brands lens — proving the portfolio brand by brand, and surfacing the integration drag that holds margin back.
The house-of-brands thesis is working — +£37m of EBITDA built since acquisition and 78% of integration value banked — but 3 brands still integrating (£45m revenue) hold margin back. Finish their cutover to capture the full value, the highest-return work in the house.
4 of 4 headline metrics improving vs prior · still off target: Acquisition-Integration Realization 74.0% vs 100.0%, Adj. EBITDA Margin 18.2% vs 20.0%, DSO (Days Sales Outstanding) 55d vs 48d
Avg integration value is only 78% of plan banked; the unrealized balance is margin already underwritten but not yet captured.
Fort Street Studio is the weakest brand on integration capture; a 90-day plan on the gap is margin not yet banked.
Gates the house cutover (and the value it unlocks).
Targeted collections on £0.9m; tighten deposit/milestone terms on long hospitality projects.
Rosewood (62d), Mandarin Oriental (59d), embassy/institutional (64d) lifting blended DSO to 55d.
Stark is a house of brands, grown by acquisition since 1938. This view shows, for each brand, what it earned when acquired vs what it earns now — and flags the ones still integrating where ~+£37m of profit, faster cash and deeper account retention are still on the table.
Finishing the 3 brands still integrating (Scalamandré / House of Scalamandré, Ashley Stark Home, Fort Street Studio) captures the full value — the single highest-return work in the house.
Each card: what changed since acquisition, how far integration has gone, and the next move.
Each brand ranked within the house on five KPIs (direction per metric), then a composite Overall Rank from summed rank points — the leaderboard. Top & bottom highlighted.
| Overall | Unit | Revenue↑ better | EBITDA %↑ better | Repeat rev↑ better | Value %↑ better | DSO gain↑ better | Rank pts |
|---|---|---|---|---|---|---|---|
| 1 | flagship, 1938 | £52m#1 | 19%#1 | £38m#1 | 100%#1 | 7d#5 | 9 |
| 2 | Scalamandré / House of Scalamandré | £30m#2 | 9%#2 | £20m#2 | 84%#4 | 13d#1 | 11 |
| 3 | Old World Weavers | £22m#4 | 8%#3 | £16m#3 | 96%#2 | 11d#2 | 14 |
| 4 | Stark Studio Rugs | £24m#3 | 7%#4 | £14m#4 | 88%#3 | 8d#4 | 18 |
| 5 | Hinson & Grey Watkins | £7m#6 | 2%#6 | £5m#5 | 80%#5 | 10d#3 | 25 |
| 6 | Ashley Stark Home | £9m#5 | 3%#5 | £4m#6 | 70%#6 | 2d#6 | 28 |
| 7 | Fort Street Studio | £6m#7 | 2%#7 | £2m#7 | 28%#7 | 2d#6 | 34 |
Higher EBITDA %, revenue, repeat-designer revenue and value capture rank better; DSO gain = days of receivables improvement since acquisition (more = better). Composite rank points are the sum of the five per-KPI ranks (lower = better).
As-acquired → current across EBITDA, DSO, integration and value capture.
| Brand | Yr | Revenue | Repeat | EBITDA % | DSO | Integrated | Value | Status |
|---|---|---|---|---|---|---|---|---|
| Stark Carpet (flagship, 1938) | 0 | £52m | £38m | 0→19 | 60→53d | 100% | 100% | Core |
| Old World Weavers | 1992 | £22m | £16m | 3→8 | 66→55d | 100% | 96% | Integrated |
| Stark Studio Rugs | 2014 | £24m | £14m | 2→7 | 62→54d | 95% | 88% | Integrated |
| Scalamandré / House of Scalamandré | 2017 | £30m | £20m | 4→9 | 70→57d | 92% | 84% | In progress |
| Hinson & Grey Watkins | 2017 | £7m | £5m | 1→2 | 68→58d | 90% | 80% | Integrated |
| Ashley Stark Home | 2021 | £9m | £4m | 1→2.5 | 58→56d | 80% | 70% | In progress |
| Fort Street Studio | 2025 | £6m | £2m | 1→1.5 | 64→62d | 35% | 28% | Early |