FARMFOODS LIMITED

1. FARMFOODS LIMITED 1993-06-01 → present
2. FARMFOODS (ABERDEEN) LIMITED 1954-07-08 → 1993-06-01

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

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group in common with all business in its sector continues to face circumstances of intense competition, volatile raw material markets and inflation in overhead costs. Due to the experience of group management and also its family ownership structure which promotes alignment of director and shareholder objectives, the Group is extremely well placed to prosper in such circumstances. The Group's high level of freehold property ownership and high quality liquid stockholding provides a solid foundation to trade from. Hedging of key overheads such as electricity provides stability in overhead costs. Volatile raw material markets present more opportunity than risk for the Group as being a small but significant buyer in global markets often allows for good trading opportunities to be found. Intense competition is nothing new for the Group, and the Group continues to have secure access to the stock required to thrive in such circumstances. The financial statements have been prepared on a going concern basis which the directors consider to be appropriate. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the Group and Company will have sufficient funds to meet its liabilities as they fall due for that period.”

Group structure

1. FARMFOODS LIMITED · parent
   1. Farmfoods Distribution Limited 100% · Scotland · Distribution
   2. Farmfoods Group Limited 100% · Scotland · Dormant
   3. Farmfoods Freezer Centres Limited 100% · Scotland · Dormant
   4. Contact Sourcing Limited 100% · England & Wales · Non-trading

Significant events

• “During the year, the Group completed work to expand its coldstore facility in the Midlands. This investment in infrastructure together with significant investment in new and refurbished shops is a key part of our strategy to continue to develop the business and enhance the experience of both colleagues and customers. There also continues to be significant focus on new product development and the growth of our product range to expand our offering to customers.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +2.6%

  £1,017,995,000 → £1,044,430,000

• Cash

  +34.5%

  £11,330,000 → £15,240,000

• Net assets

  +13.3%

  £152,922,000 → £173,246,000

• Employees

  +4.8%

  4,971 → 5,209

• Operating profit

  -58.7%

  £23,930,000 → £9,888,000

• Profit before tax

  +32.5%

  £22,998,000 → £30,465,000

• Wages

  +12.8%

  £98,545,000 → £111,165,000

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