CREDITON DAIRY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-25 (in 4mo)
Last made up 2025-09-11
Watchouts
Cash
£24M
+27.5% vs 2023
Net assets
£54M
+17.8% vs 2023
Employees
219
+9% vs 2023
Profit before tax
£14M
+14.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- CREDITON DAIRY LIMITED 2013-05-24 → present
- TAUNTON NO.1 LIMITED 2013-04-16 → 2013-05-24
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2025-01-04
| Metric | Trend | 2023-12-30 | 2025-01-04 |
|---|---|---|---|
| Turnover | £111,269,000 | £131,310,000 | |
| Operating profit | £11,056,000 | £12,743,000 | |
| Profit before tax | £11,901,000 | £13,661,000 | |
| Net profit | £9,031,000 | £10,362,000 | |
| Cash | £18,933,000 | £24,133,000 | |
| Total assets less current liabilities | £48,298,000 | £57,463,000 | |
| Net assets | £46,016,000 | £54,228,000 | |
| Equity | £46,016,000 | £54,228,000 | |
| Average employees | 201 | 219 | |
| Wages | £9,649,000 | £11,306,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-30 | 2025-01-04 |
|---|---|---|---|
| Operating margin | 9.9% | 9.7% | |
| Net margin | 8.1% | 7.9% | |
| Return on capital employed | 22.9% | 22.2% | |
| Gearing (liabilities / total assets) | 31.7% | 32.3% | |
| Current ratio | 2.68x | 2.72x | |
| Interest cover | 208.60x | 161.30x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “Crediton Dairy undertook capital investment of £5.7 million in 2024 which amongst other projects included improving the pasteurisers, processing and filling capacity.”
- “During the year, Crediton Dairy launched new ranges of customers impulse drinks and flavoured milks as well as reformulated exiting products to meet customer demands.”
- “The company is continuing to invest in new capacity and capability, site services and new product development.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUME, Christopher James | Secretary | 2019-04-01 | — | — |
| KENNEDY, Neil Angus | Director | 2013-04-16 | Aug 1960 | British |
| SMIDDY, Timothy Noel | Director | 2013-05-13 | Dec 1969 | Irish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAWKES, Carolyn Jane | Secretary | 2015-10-13 | 2017-07-14 |
| MURRAY, Stephen Michael | Secretary | 2017-07-14 | 2019-03-15 |
| ROBERTSON, Mark | Director | 2017-11-01 | 2018-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Neil Angus Kennedy | Individual | Significant influence | 2026-04-29 | Active |
| Mr Timothy Noel Smiddy | Individual | Significant influence | 2026-04-29 | Active |
| Regal Holdings Unlimited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2023-12-14 | Ceased 2026-04-29 |
| Church Lane Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-12 | Ceased 2023-12-14 |
| Mr Neil Angus Kennedy | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-11-12 |
| Mr Timothy Noel Smiddy | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-11-12 |
Filing timeline
Last 20 of 80 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-12-07 MA Memorandum articles
- 2021-12-07 RESOLUTIONS Resolution
- 2021-12-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-29 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-25 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-17 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-12-07 | MA | incorporation | Memorandum articles | |
| 2021-12-07 | RESOLUTIONS | resolution | Resolution | |
| 2021-12-07 | RESOLUTIONS | resolution | Resolution | |
| 2021-12-01 | SH08 | capital | Capital name of class of shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2025 · period ending 2025-01-04 vs 2023-12-30
-
Turnover
+18%
£111,269,000 £131,310,000
-
Cash
+27.5%
£18,933,000 £24,133,000
-
Net assets
+17.8%
£46,016,000 £54,228,000
-
Employees
+9%
201 219
-
Operating profit
+15.3%
£11,056,000 £12,743,000
-
Profit before tax
+14.8%
£11,901,000 £13,661,000
-
Wages
+17.2%
£9,649,000 £11,306,000
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