CLASSIC FINE FOODS UK LIMITED

1. CLASSIC FINE FOODS UK LIMITED 2006-12-18 → present
2. GRIVAN PRODUCTS COMPANY LIMITED 1925-08-13 → 2006-12-18

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 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

Gravita Audit II Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The net current liabilities as at 30 September 2024 were £4,577,000 (net current assets of £2,246,000 at 30 September 2023), the loss for the year after tax was £1,620,000 (2023: £889,000 profit) and the cash position was £2,193,000 as at 30 September 2024 (£1,816,000 as at 30 September 2023). The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts to September 2026, being a period of more than 12 months from the date of approval of these financial statements. The forecasts project that the company will have sufficient funds through trading and through funding receivable from group companies, Metro AG and Klassisk Investment Ltd, to meet its liabilities as they fall due for that period. Those forecasts are dependent on Metro AG not seeking repayment of loan balances repayable within the review period by the company which at 30 September 2024 amounted to £8,712,000 and on Metro AG providing any necessary additional financial support during that period. Metro AG has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period covered by the forecasts. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. The directors have made sufficient enquiries to conclude that Metro AG has sufficient financial resources to enable it to provide the required support. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “In August 2024 the Company assigned its full interest in a property lease to an unconnected party. Under the assignment agreement, the Company entered into a performance guarantee in favour of the leaseholder in respect of certain lease covenants for the remainder of the lease term. The Directors do not consider that any material obligation or exposure arose as at the reporting date under this performance guarantee.”

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

Filings

4

last 12 months

Capital events

0

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

  +12%

  £42,933,000 → £48,074,000

• Cash

  +20.8%

  £1,816,000 → £2,193,000

• Net assets

  -34.6%

  £4,688,000 → £3,068,000

• Employees

  +12%

  158 → 177

• Operating profit

  -117.8%

  £1,517,000 → -£270,000

• Profit before tax

  -209.5%

  £1,254,000 → -£1,373,000

• Wages

  +17.3%

  £6,304,000 → £7,395,000

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