WYKE FARMS LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WYKE FARMS LTD 1993-01-14 → present
2. T.W. CLOTHIER & SONS LIMITED 1963-02-27 → 1993-01-14

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 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the Company's operating projections and cash flow forecasts to March 2027, the directors believe that the Company will generate sufficient cash and have access to borrowing facilities to enable it to meet its funding requirements for at least the next 12 months. Accordingly, the directors have formed a judgement that there is reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis.”

Group structure

1. WYKE FARMS LTD · parent
   1. Wyke Farmhouse Cheese Company Limited 100% · England and Wales · Dormant
   2. Wyke Farms Ireland Limited 100% · Ireland · Dormant

Significant events

• “turnaround in our butter division following a significant investment of over £10m in the preceding year.”
• “Our cheese stockholding has risen significantly through the year driven by an increase in volume and a higher holding cost. This £8m investment in more aged stock is reflected on the balance sheet and in our cashflow as cash generated is reinvested back into cheese stocks.”
• “In addition to the two cheese stores we invested in last year, we have built a further two stores at our production site, which has added 10,000 tonnes of maturing capacity in total.”

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

Filings

5

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

  +10.3%

  £160,287,000 → £176,799,000

• Cash

  -52.8%

  £868,000 → £410,000

• Net assets

  +9.5%

  £44,774,000 → £49,030,000

• Employees

  +6.2%

  275 → 292

• Operating profit

  +30.8%

  £6,730,000 → £8,802,000

• Profit before tax

  +63.5%

  £3,489,000 → £5,703,000

• Wages

  +9.3%

  £13,040,000 → £14,251,000

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