FERNDALE FOODS LIMITED

1. FERNDALE FOODS LIMITED 1992-12-18 → present
2. ADJUSTHAPPY LIMITED 1992-05-19 → 1992-12-18

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 102

Reporting scope

Standalone (parent only)

Auditor

Dains Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, and reviewing the group's debt covenant projections, the Directors consider that the Group has adequate resources to meet its liabilities as they fall due for the foreseeable future. Based on the above analysis, the Directors have a reasonable expectation that the Company has adequate resources, facilitated by a letter of support from the parent company OM UK Holdco Limited which provides the financial support that the Company needs, to meet its liquidity requirements to carry out its operations as a going concern. The Company therefore continues to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “The year was a continuation of positive changes for the company, with an increased focus on cash margin rather than volume. This resulted in revenue for the 52 week period to 29 March 2025 being 13% ahead of prior year comparatives, volume being broadly flat across the two periods. This reflects in both the company's ability to pass through price increases to recover increased labour and materials costs, and to improve operational efficiencies.”
• “Following these changes, the Group's bank facilities are committed to December 2026 for the revolving credit facility and until at least December 2027 for the long term facility loan. If trading is in line with the assumptions underpinning the financial forecasts prepared in support of the refinancing then the Group will have sufficient liquidity in these new funding facilities to March 2027 and beyond. New covenants have been agreed for all bank facilities which the Group are forecast to meet in the base case and downside case financial forecasts. The Company is a guarantor to these funding facilities.”

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

  +12.9%

  £141,818,000 → £160,119,000

• Cash

  +783.6%

  £55,000 → £486,000

• Net assets

  +27,263.9%

  £36,000 → £9,851,000

• Employees

  +2.5%

  991 → 1,016

• Operating profit

  +458.6%

  -£2,737,000 → £9,815,000

• Profit before tax

  +457%

  -£2,749,000 → £9,815,000

• Wages

  +3.9%

  £34,266,000 → £35,617,000

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