LEPRINO FOODS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. LEPRINO FOODS LIMITED 2023-07-27 → present
2. GLANBIA CHEESE LIMITED 1999-05-04 → 2023-07-27
3. GOLDEN FOOD PRODUCTS LIMITED 1993-09-17 → 1999-05-04
4. GOLDEN DAIRY COMPANY LIMITED 1991-08-12 → 1993-09-17
5. GOLDEN FOOD PRODUCTS LIMITED 1991-04-22 → 1991-08-12
6. GOLDEN FOOD PRODUCTS LIMITED 1991-04-22 → 1991-08-12
7. ADVISER (181) LIMITED 1991-03-25 → 1991-04-22

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

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the group should be able to meet all financial obligations. After making enquiries, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. LEPRINO FOODS LIMITED · parent
   1. Leprino Foods Pension Trustees Limited 100% · England, United Kingdom · trustee company for the Leprino Foods Limited Pension Scheme

Significant events

• “During 2024 the group invested £8.1m (2023: 4.1m) in capital projects, including system upgrades as part of the integration into global Leprino, and business sustaining projects in both the Magheralin and Llangefni sites. Significant capital investments in both sites are planned for 2025 which will span several years and be of strategic importance for the future.”
• “Net cash outflow was £13.9m (2023: £4.3m net cash inflow) with positive operating cash flows used to fund capital expenditure and corporation tax.”
• “The Court of Appeal ruling in July 2024 upheld the UK High Court legal ruling in June 2023 between Virgin Media Limited and NTL Pension Trustees II Limited, which resulted in certain amendments made to defined benefit pension schemes contracted-out on a Reference Scheme Test basis between 6 April 1997 and 5 April 2016 to be rendered void if they were not accompanied by actuarial certifications.”
• “On 5 June 2025 the Department for Work and Pensions stated the UK Governments intention to introduce legislation to give affected pension schemes the ability to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +12%

  £370,836,000 → £415,391,000

• Cash

  -28.6%

  £48,563,000 → £34,666,000

• Net assets

  +12.5%

  £84,480,000 → £95,042,000

• Employees

  +3.7%

  378 → 392

• Operating profit

  +66%

  £7,945,000 → £13,192,000

• Profit before tax

  +43.6%

  £10,533,000 → £15,125,000

• Wages

  +7.1%

  £19,782,000 → £21,196,000

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