KELMILL LIMITED

• ⚠

  Material uncertainty over going concern

  As the impact of the Mars Transaction on the future operations of the Company is not known at the date of approval of these financial statements, this indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. KELMILL LIMITED 1994-03-10 → present
2. SEAFORTH CORN MILLS LIMITED 1981-12-31 → 1994-03-10
3. PETMEAD LIMITED 1981-08-14 → 1981-12-31

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

PricewaterhouseCoopers

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the impact of the Mars Transaction on the future operations of the Company is not known at the date of approval of these financial statements, this indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern”

Group structure

1. KELMILL LIMITED · parent
   1. Kelpac Limited 100% · Holding
   2. Kelcorn Limited 100% · Holding

Significant events

• “On 13 August 2024, Mars, Incorporated and Kellanova (the Company's ultimate parent company) announced that they have entered into a definitive agreement under which an affiliate of Mars, Incorporated has agreed to acquire Kellanova for $83.50 per share in cash (the Mars Transaction).”
• “On 23 October 2024, the Company redenominated its ordinary share capital from GBP to USD at the spot rate.”
• “On 24 October 2024, the Company undertook a reduction of share capital via a directors solvency statement, reducing its share capital from $130.78 to $120.”
• “On 25 October 2024, the Company purchased Kelcorn Limited and Kelpac Limited from Kellogg Company of Great Britain, Limited for consideration of $120 each respectively.”
• “On 30 October 2024, intercompany loans of $802,300,000 and cash were transferred from a fellow Group undertaking in return for an intragroup balance. On the same date, the Company issued 685,630,021 shares at a nominal value of $1.20 per share to Kellogg Group Limited in exchange for the contribution of an existing intragroup balance, which was extinguished as a result.”
• “On 14 November 2024, the Company made an additional investment in Kelpac Limited of $83,368,000 and Kelcorn Limited of $280,352,000.”
• “On 14 November 2024, the Company agreed to pay amounts equivalent to certain interest receipts on an intercompany loan to Kelpac Limited for consideration of $83,368,000, and subsequently on 15 November 2024, transferred that intercompany loan, together with the obligation to pay the above amounts to Kelpac Limited, to Kelcorn Limited ($280,352,000).”

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

Filings

2

last 12 months

Capital events

4

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.