R.E.A. TRADING PLC

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. R.E.A. TRADING PLC 2021-06-23 → present
2. R.E.A. TRADING LIMITED 1991-01-16 → 2021-06-23
3. LEWISOHN & MARSHALL LIMITED 1982-09-01 → 1991-01-16
4. R.E.A. HOLDINGS LIMITED 1906-04-10 → 1982-09-01

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

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis as the directors consider that there is a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, the directors have had due regard to the current financial position of the group, and in particular the net cash position shown, the existing bank facililites available to the group (which, although subject to annual renewal, are expected by the directors to be renewed), budgeted future income and expenditure, the risks and uncertainties detailed below and the risks and risk management policies detailed in note 19 to the consolidated financial statements. The directors have had regard to the uncertainties created by the imposition of tariffs on international trade, current economic conditions and potential future climate change and, in particular, the impact that these could have on the group's ability to continue its plantation operations. The company continues to monitor the impact of such considerations. The directors are satisfied that these do not cast significant doubt upon the company's ability to continue as a going concern.”

Group structure

1. R.E.A. TRADING PLC · parent
   1. PT Robindo Natayara 96% · Indonesia · Coal merchanting
   2. PT Spice Islands Maluku 99% · Indonesia · Plantations
   3. REA Vipingo Plantations Limited 97% · Kenya · Plantations
   4. REAT Services Limited 100% · England & Wales · Administrative services
   5. Wigglesworth & Co. Limited 100% · England & Wales · Soft fibres merchanting
   6. Amboni Plantations Limited 97% · Tanzania · Plantations
   7. Amboni Spinning Mill Limited 97% · Tanzania · Sisal spinning
   8. Dwa Estate Limited 97% · Kenya · Plantations
   9. Wigglesworth Exporters Limited 97% · Kenya · Sisal forwarders

Significant events

• “During April and May 2024, the company's subsidiary, Amboni Plantations Limited ("APL"), was served by the Tanzanian Revenue Authority ("TRA") with four tax assessments claiming alleged underpayments of tax during the five years to 30 September 2022, together with interest and penalties. The amount assessed (including interest and penalties) totalled Tshs 16.5 billion (equivalent at 31 December 2024 to £5.4 million). Subsequently, two assessments have been fully vacated and penalties and interest have been waived in respect of a third assessment which has been settled (and for which provision has been made under "Foreign tax - prior year" above). The fourth assessment for Tshs 5.5 billion (equivalent at 31 December 2024 to £1.8 million) remains outstanding and under appeal. This assessment derives from the TRA's contention that sales of sisal fibre by APL to another subsidiary of the company, Amboni Spinning Mill Limited, were incorrectly treated as outside the scope of VAT. The directors do. not consider the TRA's contention to have any validity.”
• “Tariffs affecting international trade: Whilst the group is not directly affected by the tariffs currently being imposed or threatened by the US, the group may experience some indirect impact from the tariffs' effect on certain of its customers although the consequences should be limited.”

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

Filings

6

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -9.3%

  £44,267,000 → £40,155,000

• Cash

  -32.1%

  £6,851,000 → £4,651,000

• Net assets

  +5.7%

  £55,068,000 → £58,220,000

• Employees

  +3.7%

  5,277 → 5,471

• Operating profit

  -40.7%

  £4,445,000 → £2,635,000

• Profit before tax

  -40.9%

  £3,825,000 → £2,260,000

• Wages

  +1.9%

  £11,372,000 → £11,583,000

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