KELCORN 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 and therefore that the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. KELCORN LIMITED 1994-03-03 → present
2. TRUSHELFCO (NO. 1988) LIMITED 1993-11-19 → 1994-03-03

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 and therefore that the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “During the period, the Company's direct parent changed from Kellogg Company of Great Britain to Kelmill Limited.”
• “On 13 August 2024, Mars, Incorporated and Kellanova 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 14 November 2024, the Company issued an additional 233,626,810 shares to Kelmill Limited at a nominal value of $1.20 per share, for total consideration of $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.