Qube are pleased to announce that Dixons Carphone plc, a FTSE 250 multinational retailer, have chosen Horizon to manage their occupied and sub-let portfolio as well as their IFRS 16 leasing requirements.
Dixons Carphone plc is Europe’s leading electrical and telecommunications retail and services company employing over 42,000 staff – across nine countries. In the UK & Ireland its primary brands include Currys PC World, Carphone Warehouse, Dixons Travel and Team Knowhow with an extensive and diverse portfolio of over 1500 locations.
With the introduction of the new leasing requirements taking affect from 2019, the complexities surrounding leasing requirements from turnover rents and rent-free periods, to capturing all of the required data for IFRS 16 was fundamental in the adoption of an end to end system that would future-proof the business. Horizon will automate and facilitate this along with cross departmental collaboration between the real estate department and group finance.
“We look forward to further developing our working relationship with Qube to implement Horizon for the day to day management of our complex and varied UK & Ireland property portfolio whilst delivering our future IFRS 16 reporting capability” – Paul Grafton, Head of Property Assets & Estates at Dixons Carphone plc.
“We are delighted to welcome Dixons Carphone as a Horizon customer and look forward to forming a long term partnership. This now means that we have added another leading retailer to our extensive occupier customer base” – Tom Price, Business Development Manager at Qube, an MRI Software Company.
Horizon is a web based solution built on the latest technology, with intuitive user interface that makes the system easy to use. Horizon delivers a comprehensive suite of functionality and features that are specifically designed for occupier management, catering for all types of properties both leased and owned, including your sub tenancies. With the system also set up to manage IFRS 16/ASC 842 requirements, Horizon is an end to end lease accounting and lease management solution being used by industry leading occupiers globally.