VEETEE RICE LIMITED

1. VEETEE RICE LIMITED 1995-09-04 → present
2. V T AGRO MILLS LIMITED 1986-04-10 → 1995-09-04

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

Standalone (parent only)

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have carried out a detailed review of the Company's ability to continue as a going concern, including preparation and evaluation of forecasts covering the next four to five years from the date of approval of these financial statements...the financial statements have been prepared on a going concern basis.”

Significant events

• “Following the Covid-19 pandemic and the Russia-Ukraine conflict, market conditions have begun to normalise. Turnover decreased by 22% to £66.1m (2023: £84.5m), with operating profit of £1.6m (2023: £3.2m).”
• “The Directors intend to expand and consolidate operations at a new site within the Medway area. This development will safeguard jobs while creating synergies from a single "super site" for all operational needs, including warehousing.”

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

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

  -21.8%

  £84,500,935 → £66,100,755

• Cash

  -69.4%

  £366,081 → £112,165

• Net assets

  0%

  £31,862,046 → £31,853,015

• Employees

  +0.7%

  144 → 145

• Operating profit

  -50.2%

  £3,173,170 → £1,579,515

• Profit before tax

  -188.8%

  £375,570 → -£333,604

• Wages

  +5.1%

  £5,126,814 → £5,390,164

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