HYBU CIG CYMRU-MEAT PROMOTION WALES

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Adrian Crompton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, I have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. HYBU CIG CYMRU-MEAT PROMOTION WALES · parent
   1. EIDCYMRU 100% · Wales · bureau for the electronic recording of sheep movements

Significant events

• “A new CEO is in place since the end of January 2025.”
• “Our domestic marketing efforts received positive feedback, with the core campaign under the strapline 'Uniquely Welsh, Experts in their Field' reaching an audience of 19,163,900 and generating 157,369 responsive clicks. As part of the initiative, our strategic partnership with Sky through a loyalty card programme contributed to a year-on-year sales increase of over 20% with a key retailer across England and Wales.”
• “Developing markets were a key focal point this year. In particular, the GCC (Gulf Cooperation Council countries); the Far East and the USA. During the reporting year supply has reached these markets and focus is now on further development. HCC also enabled entry to the USA and the Kingdom of Saudi Arabia with PGI Welsh Lamb for the first time.”
• “From January 2025 HCC engaged with industry on the development of a new Welsh Red Meat Industry Vision, 2026-30.”
• “Senedd election timeline: The next Senedd election is due to occur on 7 May 2026, with the official pre-election period starting six weeks prior to this date. It is worth noting that it is highly unlikely that any strategic documents or statements will be announced or approved by Welsh Government during and leading up to this period due to potential perceived political sensitivities.”
• “Lack of clarity on potential funding availability and conditions of funding. It has been identified that HCC should seek to review and develop additional funding streams to augment and complement current levy income; with the most appropriate avenue for doing so being Welsh Government.”
• “Vision 2030 is expected to be ratified by the Board on 13 November 2025 and then sent for Welsh Government approval.”
• “The company entered into a 15-year lease agreement which included a contractual break clause exercisable at the 10-year anniversary. HCC has formally served the required six-month notice to activate this break clause, confirming that the lease will terminate at the end of year 10 (effective 14 August 2025).”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -8.4%

  £5,464,649 → £5,004,753

• Cash

  +83.4%

  £618,231 → £1,134,025

• Net assets

  +27.3%

  £1,252,968 → £1,595,314

• Employees

  -18.2%

  33 → 27

• Operating profit

  +167.1%

  -£505,274 → £338,797

• Profit before tax

  +167.2%

  -£512,363 → £344,090

• Wages

  +1.7%

  £1,444,738 → £1,469,240

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