MILLERS OF SPEYSIDE LIMITED

1. MILLERS OF SPEYSIDE LIMITED 2005-04-12 → present
2. RAYMOND MILLER LIMITED 1994-08-09 → 2005-04-12

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

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resourcing to continue in operational existence for at least 12 months from the approval date of these financial statements. The company is reporting a profit for the year after a revaluation of land and buildings, and has net assets of £1,616,483, with net current liabilities of £1,425,131. The company has received confirmation from a major supplier and creditor that they will continue to provide extended credit terms, to allow the company to continue to meet its liabilities and will not seek repayment of the outstanding balance to the detriment of this company. The company continues to utilise an invoice financing facility for day to day working capital. Financial forecasts have been prepared for the period to 31 March 2027 which take into consideration what the director considers to be realistic assumptions. Financial forecasts by their very nature are inherently uncertain. Nonetheless, the director is satisfied that they demonstrate, in conjunction with the extended credit terms provided by the major supplier, that the company is forecast to have sufficient funds available to meet liabilities as they fall due. Taking all matters into consideration, the director considers it appropriate to prepare the financial statements on the going concern basis.”

Significant events

• “We will see a change in Shareholder ownership in the coming year, which will be welcomed as a fresh and exciting approach to the business with new opportunities adding the Halal sector to our portfolio, which is recognised as the largest growth area in the UK Meat industry”
• “we have negotiated a new invoice financing facility with Bibby, who have increased our funding limits helping us expand our growth opportunities whilst maintaining cashflow.”

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

Filings

5

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

  +15.2%

  £19,022,729 → £21,914,751

• Cash

  -83.7%

  £25,613 → £4,183

• Net assets

  +1.1%

  £1,599,230 → £1,616,483

• Employees

  +3.1%

  32 → 33

• Operating profit

  -387.5%

  £32,340 → -£92,968

• Profit before tax

  -2,029.1%

  £6,704 → -£129,324

• Wages

  +14.3%

  £1,047,186 → £1,197,399

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