PEFFERMILL HOLDINGS LIMITED

1. PEFFERMILL HOLDINGS LIMITED 2010-07-09 → present
2. MM&S (5601) LIMITED 2010-03-22 → 2010-07-09

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the group's and parent company's ability to continue to adopt the going concern basis of accounting included reviewing the assumptions used by management in preparing the forecasts, the effects of sensitivity on the forecasts and the disclosures in relation to going concern in the financial statements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PEFFERMILL HOLDINGS LIMITED · parent
   1. Nairn's Oatcakes Limited 100% · Scotland · Manufacture and sale of oatcakes and biscuits
   2. Peffermill Properties Limited 100% · Scotland · Property company
   3. Nairn's Oatcakes EU Limited 100% · Republic of Ireland · Dormant

Significant events

• “The group made solid progress against strategic objectives during the year with volume growth, successful new product launches and operating margin improvements. This was despite continued headwinds with cost inflation pressure, ongoing geo-political tensions and a challenging international trading environment.”
• “Trading performance in the early months of financial year 2025/2026 (commencing on 18th May 2025) has been satisfactory and in line with internal forecasts. Looking forward, there is a still significant uncertainty in the business environment with continuing geo-political tensions, cost pressures, and a domestic environment characterised by low growth and stubbornly high inflation.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +6.6%

  £47,450,000 → £50,588,000

• Cash

  +42.3%

  £6,062,000 → £8,626,000

• Net assets

  +11.4%

  £14,950,000 → £16,657,000

• Employees

  +3.4%

  238 → 246

• Operating profit

  +20.3%

  £4,458,000 → £5,364,000

• Profit before tax

  +23.5%

  £4,395,000 → £5,430,000

• Wages

  +8.2%

  £9,601,000 → £10,390,000

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