SOUFFLET BAIRDS MALT LIMITED

1. SOUFFLET BAIRDS MALT LIMITED 2024-07-15 → present
2. SOUFFLET MALT UK LIMITED 2015-01-09 → 2024-07-15

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the Company's cash flow forecasts and business plan for 2025 and 2026 the directors believe that the Company will generate sufficient cash through operating, which is supported by inventory and debtor financing facilities, to meets its liabilities as they fall due for the period up to 30 June 2026. In making such statement the Directors highlight forecast accuracy in relation to the level of trading performance achieved as the key sensitivity in the approved business case. The Directors have considered two downside scenarios one of which reflects a reasonable expectation scenario of the period to June 2026 and a second which considers a significant downturn in volumes to customers. In each scenario the Company will still generate cash following some mitigation over the period to June 2026 that enables it to meet its liabilities as they fall due over this period. The Company has a long-term supply contract in place and access to loan financing arranged by the Soufflet Malt SAS Group and Invivo Group that enable the Directors reach this conclusion and accordingly the directors. have reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. SOUFFLET BAIRDS MALT LIMITED · parent
   1. United Malt UK Limited 100% · UK
   2. SBM Scotgrain Limited 100% · UK · agricultural merchant providing seed, chemicals and fertilisers to growers as well as procuring grains (barley, wheat, oats) for key customers in the food, beverage and animal feed sectors; and a malting barley procurement division which procures malting barley on behalf of the Company

Significant events

• “From 1st July 2024, the UK subsidiaries of Soufflet Malt SAS completed a reorganisation which the directors believe places the company in a very competitive operational structure. The following significant events occurred in July 2024. 1. The Company issued 113,800,589 ordinary shares of £1 each at par value to its immediate parent company Soufflet Malt SAS; 2. The Company purchased the entire share capital of United Malt UK Limited from United Malt Group Limited for £113,800,000; 3. The Company received a dividend from its subsidiary company, United Malt UK Limited; 4. The Company purchased the business trade, assets and assumed certain liabilities, at book value.”

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

Filings

6

last 12 months

Capital events

1

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

  -1.9%

  £66,125,000 → £64,889,000

• Cash

  -71.7%

  £350,000 → £99,000

• Net assets

  +7.5%

  £11,649,000 → £12,524,000

• Employees

  +4.7%

  43 → 45

• Operating profit

  -52.4%

  £2,582,000 → £1,230,000

• Profit before tax

  -1,160.8%

  -£158,000 → -£1,992,000

• Wages

  +26.3%

  £1,916,000 → £2,420,000

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