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Sir Philip Green Topman opens sales growth eclipses larger high street photo: Finnbarr Webster/Alamy

Profit before taxes by Kenya Investments, the Arcadia and BHS, holding company unveiled a 4pc 6 profit before tax at ￡ 213 increase.2 m in the year to August 28.

Type-for-like sales were 1. higher than 3pc on a day when the Office for national statistics said sales UK retail increased by 0. 5pc in October, after two months of consecutive declines.

The figures in the UK have against 1pc increased like-for-like sales Arcadia and BHS brands during the first weeks 11 of the new year as they continued to outperform the broader market.

Topshop and Topman generated record revenues and profits in the year, contributing to a 1. 5pc increase in like-for-like sales Arcadia, also contains trademarks of Dorothy Perkins.Les Burton sales like-for-like BHS increased by 0. 9pc.

In what Sir Philip describes as a "fantastic", the group generated ￡ 386.2 m cash, ￡ 42.8 m higher on année.La improved cash position has helped the Group till 600 m ￡ investment in the company for the past five years, said Sir Philip.

Kenya has also reduced the level of bank debt of ￡ 146.3 m ￡ 464.1 m.

Sir Philip said that next year there would be "days good and bad but it would be more good than bad days" as he said that the group remain "on top of issues".

"With regard to the coming year, I have to remain cautious, with an increase in VAT rates, raw materials and certain wage inflation," said Sir Philip.

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Sir Philip has a wealth of ?4 1bn.

Magnate Affairs Sir Philip Green, 58, is best known as the owner of Arcadia, which includes trademarks renowned high street Topshop, Burton and Miss Selfridge.Il has also BHS.

That reputation is and formidable patter is a reminder of contemporary business as Alan Sugar, Sir Philip experienced a quite different education.

Born into a middle class family, Green has attended a Jewish public school in Oxfordshire, but abandoned 15 to start an apprenticeship in the fashion industry.

At the age of 23 he borrowed money from the Bank to start his own company, Hong Kong prior to purchase chain Jean Jeanie in 1985 to ￡ 65,000 struggling fashion jeans imported and sell in less than a year later to Lee Cooper for a reported ￡ 3 million.

But it is not until he buys BHS warehouse in 2000 and Arcadia two years later, that it has acquired real recognition.

Sir Philip is currently ranked 9th in the Sunday Times Rich list at the bottom of the 6th place in 2009 and has a fortune reported billion pounds sterling.

In 2006, Sir Philip enlisted supermodel Kate Moss, assist in designing a range of garments which launched in May 2007.Après 14 collections, its final offer launched this fall.

Three failed attempts to buy marks & Spencer added to the glory of Sir Philip, and he is known for his outspoken comments and lavish lifestyle as well as sound business sense.

His wife Tina would have bought him a solid game of Monopoly, featuring its very own acquisitions as a 50th anniversary present, which was celebrated with a party of 200 invités.Ils gown have two children.

Sir Philip, knighted in 2006 for his services to the retail industry has been registered by David Cameron in August to conduct a review of government expenditures.

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Sir Philip Green chat Chancellor George Osborne. Contractor retail will publish its report in the manner in which officials have wasted hundreds of millions of books photo: PA

A group of companies has said the Government should scrap plans to pay suppliers more slowly.

A review of waste by Sir Philip Green, the retail magnate Whitehall asked why the Government to pay 80pc of its contracts to small businesses in five days when retailers as its Arcadia group typically pay within 45 days.

Francis Maude, the Minister is studying possible changes."We look at how we can do so pragmatique.Les under government contracts are that they should get paid within 30 days,"he said.""

The Labour Government reduced first payment up to 10 days for Whitehall and 20 days for local authorities in 2008 as part of its efforts to help small and medium-sized enterprises [SMEs] with their cash in the récession.M flow.Darling then made his additional grant for small businesses in March.

The coalition Government now seeks its own stream of trésorerie.M.Maude said: "last Government said they would pay in five days to help the company cash flow and we definitely want to continue to be useful for small suppliers.

"We will aim to small businesses to give them the best terms that we are legally required to do so."

However, he added: "East - this law for the Government to pay much more quickly that they are obliged to make to help with the huge multinational suppliers cash flow?"

"People are going to arise is right for the Government to pay much more quickly that they are obliged to make to help with the cash flows of suppliers multinational énormes.Nous have to act on behalf of the taxpayers."

Explanation of Mr. Maude caused some confusion between the lobby of the company, as the last Government said that never politics would be beneficial to small and large company Whitehall providers.

The Federation of enterprises of small said payment practices movement would be a retrograde step.

Stephen Alambritis, head of public affairs, said: "Francis Maude should ignore this recommendation by Philip Green of outset .this are classic tactic of large firms to improve their cash on the back of the suppliers flow."

He added: "David Cameron talks about the company and the small croissance.Si enterprises are not paid at the time it really démoralisant.Il is important Francis Maude it kills in the egg."

This view was supported by John Hawksworth, Chief Economist at PricewaterhouseCoopers.Il said: "one of the reasons why they shortened payment was to help small businesses [SMEs] .This companies will still have issues of capital retrieves the economy and the Government need to be prudents.Ils must be sensitive to the PME.Vous must be careful with your small suppliers in the current environment."

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