BACARDI GLOBAL BRANDS LIMITED

1. BACARDI GLOBAL BRANDS LIMITED 1999-08-12 → present
2. BACARDI CONSULTING LIMITED 1998-11-16 → 1999-08-12
3. TRACELINE LIMITED 1998-10-19 → 1998-11-16

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis, as the directors believe, the Company will continue to be able to meet its liabilities as they fall due within twelve months from the date of approval of these financial statements, based on the statement of financial position. In reaching a conclusion that the going concern basis of preparation was appropriate, the Directors have reviewed cash flow forecasts for the Company, considered the Company's dependency on the group treasury function and obtained a letter of support from Bacardi Limited as the ultimate parent company confirming that Bacardi Limited will continue to financially support the Company for a period of at least twelve months from the date of approval of the financial statements. In forming their conclusion, the directors have reviewed the consolidated cash flow forecasts for Bacardi Limited and considered Bacardi Limited's intent and ability to provide its continued financial support to the Company. The Group has debt due for repayment within the going concern period, and whilst the Group Directors' are confident that this will be refinanced there are sufficient levers available to the Group to manage liquidity throughout the going concern period and meet these obligations as they fall due, should the refinancing not complete.”

Significant events

• “The spirits industry is expected to continue to weather a slowdown in consumption trends, which when coupled with the current deteriorating macroeconomic environment, may have a negative impact on demand for the Company's products in the short term. Inflation, whilst decreasing, is still above pre-pandemic levels and higher interest rates impact the spending power of the average household and as such are contributing to the consumer demand headwinds, while tightening credit conditions for distributors and retailers in the spirits industry will likely result in a lower demand environment as trade inventory levels adjust. In addition, the lingering consequences of the ongoing conflicts globally such as the Russia-Ukraine war and the Israel-Hamas war and the Israel-Hamas war could have further indirect impacts to the Company business, for example, higher fuel prices and logistical challenges.”

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

Filings

3

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

  -23.5%

  £52,580,000 → £40,244,000

• Cash

  +70.4%

  £159,000 → £271,000

• Net assets

  -4.2%

  £27,945,000 → £26,785,000

• Employees

  -2.2%

  137 → 134

• Operating profit

  -26%

  £8,050,000 → £5,958,000

• Profit before tax

  -12.7%

  £9,136,000 → £7,977,000

• Wages

  -20.1%

  £31,306,000 → £25,014,000

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