DIAGEO DV LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. DIAGEO DV LIMITED 2013-11-05 → present
2. DIAGEO CL3 LIMITED 2011-01-05 → 2013-11-05
3. EXPRESS FOODS GROUP (INTERNATIONAL) LIMITED 1989-10-01 → 2011-01-05
4. EXPRESS FOODS GROUP LIMITED 1989-09-27 → 1989-10-01
5. EXPRESS FOODS GROUP LIMITED 1986-09-29 → 1989-09-27
6. EXPRESS DAIRY COMPANY LIMITED 1880-06-09 → 1986-09-29

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. On the basis of their assessment, the company's directors have a reasonable expectation that the company will be able to continue in operational existence for a period of at least 12 months from the date the financial statements are approved and signed, as a fellow group undertaking has agreed its policy to provide financial support for a period of at least 12 months from the date the financial statements are approved and signed. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. DIAGEO DV LIMITED · parent
   1. Anna Seed 83 Limited 100% · United Kingdom
   2. Belsazar GmbH 100% · Germany
   3. Seedlip Ltd 91% · United Kingdom
   4. Mr Black Spirits Pty Ltd. 100% · Australia
   5. Seedlip Inc 100% · United States

Significant events

• “Following a strategic review in March 2025, the group decided it would no longer be bringing any new brands into the Distill Ventures programme and exit several businesses.”
• “During the financial year, the company subscribed for additional convertible shares for cash consideration in Komasa Kanosuke Distillery Company Limited, Las Olas Limited, London Botanical Drinks Limited, Niococktails S.r.l., Stauning Whisky Holding ApS and Still On The Hill Limited in the amount of $34,717,000 (2024 - $51,593,000).”
• “Additionally, the company acquired 1 additional ordinary share for cash consideration in Freshwater Spirits Company Ltd. As a result of the acquisition of the share, the shareholding in the company remained 25%.”
• “During the financial year, the company received an equity injection of $200,000,000 from its parent undertaking. The injection was effected through the issue of 1 ordinary $200 share at par value. The proceeds were credited to share capital and share premium in the amount of $200 and $199,999,800, respectively.”
• “During the financial year, Mr Black Spirits Pty Ltd., a subsidiary undertaking of the company, was placed into voluntary liquidation. The company did not realise any gain or loss on this transaction, as the return of capital received from Mr Black Spirits Pty Ltd. was the same as the recoverable amount of the investment.”
• “During the financial year, the company divested its shares in Las Olas Limited, London Botanical Drinks Limited, Still On The Hill Limited and Freshwater Spirits Company Ltd. The company did not recognize any gain or loss on the disposals, as the value of the investments were already fully impaired.”
• “Tipplesworth Limited, a subsidiary undertaking of the company, was dissolved. The company did not realise any gain or loss on this transaction.”
• “Valdomino Premium Spirits, S.L., an associate investment of the company, was dissolved. The company did not realise any gain or loss on this transaction.”
• “On 3 July 2025, the company divested its shares in Caleno Drinks Ltd. The company did not realise any gain or loss on this transaction.”
• “On 23 July 2025, the company divested its shares in El Bandarra S.L.. The company did not realise any gain or loss on this transaction.”
• “On 12 August 2025, the company's shareholding in Stauning Whisky Holding ApS decreased to 24.99%.”
• “On 26 November 2025, the company divested its shares in The Southwest Fermentorium Limited. The company did not realise any gain or loss on this transaction.”
• “On 2 December 2025, the company acquired the remaining issued share capital of Seedlip Ltd for cash consideration of £3,951,000 ($5,221,000), consequently, Seedlip Ltd became a wholly owned subsidiary of the company.”
• “On 12 December 2025, the company provided a loan to New World Whisky Distillery PTY Limited, an associate undertaking of the company, in the amount of AUD 53,318,000 ($ 35,582,000).”
• “Subsequently, on 19 December 2025, the company sold its shareholding in New World Whisky Distillery PTY Limited. Pursuant to the sale, the loan provided on 12 December 2025 was waived.”
• “On 22 January 2026, the company received an equity injection of $25,000,000 from its parent undertaking. The injection was effected through the issue of 1 ordinary $200 share at par value. The proceeds were credited to share capital and share premium in the amount of $200 and $24,999,800, respectively.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -28.6%

  £29,647,146 → £21,154,188

• Employees

  —

  Not reported

• Operating profit

  +78.8%

  -£9,790,956 → -£2,080,059

• Profit before tax

  -1,387.7%

  -£10,644,922 → -£158,362,491

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers