weetabix limited
weetabix limited Company Information
Company Number
00267687
Next Accounts
Jun 2025
Shareholders
16801 westminster acquisition limited
Group Structure
View All
Industry
Manufacture of other food products n.e.c.
Registered Address
weetabix mills, burton latimer, kettering, northamptonshire, NN15 5JR
Website
www.weetabix.co.ukweetabix limited Estimated Valuation
Pomanda estimates the enterprise value of WEETABIX LIMITED at £510.5m based on a Turnover of £368.8m and 1.38x industry multiple (adjusted for size and gross margin).
weetabix limited Estimated Valuation
Pomanda estimates the enterprise value of WEETABIX LIMITED at £644.9m based on an EBITDA of £68.3m and a 9.44x industry multiple (adjusted for size and gross margin).
weetabix limited Estimated Valuation
Pomanda estimates the enterprise value of WEETABIX LIMITED at £518.4m based on Net Assets of £261.8m and 1.98x industry multiple (adjusted for liquidity).
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Weetabix Limited Overview
Weetabix Limited is a live company located in kettering, NN15 5JR with a Companies House number of 00267687. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in August 1932, it's largest shareholder is 16801 westminster acquisition limited with a 100% stake. Weetabix Limited is a mature, mega sized company, Pomanda has estimated its turnover at £368.8m with low growth in recent years.
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Weetabix Limited Health Check
Pomanda's financial health check has awarded Weetabix Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £368.8m, make it larger than the average company (£21.6m)
£368.8m - Weetabix Limited
£21.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.5%)
4% - Weetabix Limited
6.5% - Industry AVG
Production
with a gross margin of 31.5%, this company has a lower cost of product (25.7%)
31.5% - Weetabix Limited
25.7% - Industry AVG
Profitability
an operating margin of 12.9% make it more profitable than the average company (3.5%)
12.9% - Weetabix Limited
3.5% - Industry AVG
Employees
with 1040 employees, this is above the industry average (104)
1040 - Weetabix Limited
104 - Industry AVG
Pay Structure
on an average salary of £62.2k, the company has a higher pay structure (£37.1k)
£62.2k - Weetabix Limited
£37.1k - Industry AVG
Efficiency
resulting in sales per employee of £354.6k, this is more efficient (£210.2k)
£354.6k - Weetabix Limited
£210.2k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (47 days)
49 days - Weetabix Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (47 days)
79 days - Weetabix Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is in line with average (50 days)
42 days - Weetabix Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (7 weeks)
8 weeks - Weetabix Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.5%, this is a lower level of debt than the average (56.6%)
31.5% - Weetabix Limited
56.6% - Industry AVG
WEETABIX LIMITED financials
Weetabix Limited's latest turnover from September 2023 is £368.8 million and the company has net assets of £261.8 million. According to their latest financial statements, Weetabix Limited has 1,040 employees and maintains cash reserves of £14.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Dec 2016 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 368,830,000 | 337,926,000 | 330,815,000 | 331,489,000 | 313,612,000 | 302,989,000 | 241,796,000 | 313,148,000 | 333,566,000 | 352,064,000 | 366,398,000 | 354,652,000 | 335,005,000 | 325,875,000 | 322,157,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 252,544,000 | 204,935,000 | 197,508,000 | 194,949,000 | 194,760,000 | 190,247,000 | 159,215,000 | 186,508,000 | 196,952,000 | 213,852,000 | 225,784,000 | 217,496,000 | 206,391,000 | 195,603,000 | 197,244,000 |
| Gross Profit | 116,286,000 | 132,991,000 | 133,307,000 | 136,540,000 | 118,852,000 | 112,742,000 | 82,581,000 | 126,640,000 | 136,614,000 | 138,212,000 | 140,614,000 | 137,156,000 | 128,614,000 | 130,272,000 | 124,913,000 |
| Admin Expenses | 68,605,000 | 54,557,000 | 91,821,000 | 55,679,000 | 65,356,000 | 56,710,000 | 48,147,000 | 48,911,000 | 47,756,000 | 44,438,000 | 29,011,000 | 44,599,000 | 47,058,000 | 42,889,000 | 45,809,000 |
| Operating Profit | 47,681,000 | 78,434,000 | 41,486,000 | 80,861,000 | 53,496,000 | 56,032,000 | 34,434,000 | 77,729,000 | 88,858,000 | 93,774,000 | 111,603,000 | 92,557,000 | 81,556,000 | 87,383,000 | 79,104,000 |
| Interest Payable | 453,000 | 228,000 | 2,141,000 | 2,765,000 | 787,000 | 1,144,000 | 880,000 | 1,197,000 | 861,000 | 18,209,000 | 83,000 | 84,000 | 199,000 | 86,000 | 17,755,000 |
| Interest Receivable | 4,289,000 | 2,351,000 | 2,138,000 | 2,540,000 | 3,451,000 | 3,366,000 | 1,922,000 | 3,342,000 | 2,344,000 | 23,675,000 | 158,000 | 350,000 | 754,000 | 525,000 | 17,013,000 |
| Pre-Tax Profit | 51,764,000 | 80,557,000 | 87,205,000 | 86,636,000 | 56,468,000 | -112,488,000 | 79,455,000 | 81,906,000 | 90,341,000 | 108,990,000 | 116,039,000 | 95,690,000 | 86,177,000 | 133,568,000 | 97,194,000 |
| Tax | -4,711,000 | -9,891,000 | -19,023,000 | -11,368,000 | -7,395,000 | -10,348,000 | -345,000 | -4,260,000 | -8,883,000 | -9,863,000 | -14,313,000 | -4,307,000 | -4,436,000 | -3,141,000 | -184,000 |
| Profit After Tax | 47,053,000 | 70,666,000 | 68,182,000 | 75,268,000 | 49,073,000 | -122,836,000 | 79,110,000 | 77,646,000 | 81,458,000 | 99,127,000 | 101,726,000 | 91,383,000 | 81,741,000 | 130,427,000 | 97,010,000 |
| Dividends Paid | 41,000,000 | 54,500,000 | 70,000,000 | 57,000,000 | 53,535,000 | 611,632,000 | 300,000,000 | 36,335,000 | |||||||
| Retained Profit | 6,053,000 | 16,166,000 | -1,818,000 | 18,268,000 | 49,073,000 | -176,371,000 | 79,110,000 | 77,646,000 | -530,174,000 | 99,127,000 | 101,726,000 | -208,617,000 | 45,406,000 | 130,427,000 | 97,010,000 |
| Employee Costs | 64,720,000 | 59,257,000 | 56,645,000 | 61,465,000 | 63,152,000 | 61,713,000 | 44,638,000 | 54,173,000 | 53,264,000 | 53,570,000 | 37,698,000 | 50,174,000 | 46,306,000 | 46,277,000 | 52,290,000 |
| Number Of Employees | 1,040 | 997 | 992 | 1,036 | 1,019 | 1,002 | 1,006 | 950 | 941 | 994 | 1,063 | 1,076 | 1,102 | 1,147 | 1,240 |
| EBITDA* | 68,310,000 | 100,724,000 | 64,011,000 | 103,963,000 | 71,979,000 | 72,600,000 | 46,639,000 | 90,008,000 | 103,328,000 | 106,715,000 | 123,224,000 | 103,810,000 | 93,176,000 | 99,093,000 | 90,189,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Dec 2016 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 144,656,000 | 141,482,000 | 372,390,000 | 427,916,000 | 378,451,000 | 233,341,000 | 223,734,000 | 209,328,000 | 190,026,000 | 89,247,000 | 84,066,000 | 82,222,000 | 77,005,000 | 112,454,000 | 105,900,000 |
| Intangible Assets | 7,340,000 | 5,992,000 | 7,511,000 | 9,267,000 | 8,674,000 | 9,745,000 | 11,860,000 | 10,949,000 | 7,343,000 | 507,000 | 550,000 | 594,000 | 637,000 | 680,000 | 724,000 |
| Investments & Other | 111,032,000 | 111,291,000 | 7,729,000 | 8,204,000 | 8,204,000 | 8,204,000 | 7,351,000 | 24,335,000 | 24,292,000 | 63,819,000 | 42,730,000 | 38,316,000 | 38,103,000 | 49,255,000 | 32,138,000 |
| Debtors (Due After 1 year) | 111,190,000 | 123,366,000 | 126,580,000 | ||||||||||||
| Total Fixed Assets | 263,028,000 | 258,765,000 | 268,711,000 | 313,817,000 | 260,545,000 | 243,086,000 | 235,594,000 | 220,277,000 | 197,369,000 | 153,573,000 | 127,346,000 | 121,132,000 | 115,745,000 | 162,389,000 | 138,762,000 |
| Stock & work in progress | 29,277,000 | 26,287,000 | 21,371,000 | 23,237,000 | 22,045,000 | 18,737,000 | 22,779,000 | 21,431,000 | 16,651,000 | 18,476,000 | 20,560,000 | 19,671,000 | 16,568,000 | 13,707,000 | 14,785,000 |
| Trade Debtors | 50,159,000 | 53,215,000 | 30,541,000 | 31,773,000 | 34,258,000 | 22,784,000 | 25,954,000 | 24,652,000 | 29,460,000 | 24,856,000 | 25,986,000 | 22,960,000 | 21,777,000 | 21,242,000 | 22,526,000 |
| Group Debtors | 7,489,000 | 8,870,000 | 5,543,000 | 5,011,000 | 4,649,000 | 8,511,000 | 188,046,000 | 53,024,000 | 14,815,000 | 550,333,000 | 483,149,000 | 415,370,000 | 594,670,000 | 449,729,000 | 391,505,000 |
| Misc Debtors | 17,844,000 | 16,386,000 | 16,733,000 | 10,156,000 | 4,689,000 | 4,593,000 | 8,772,000 | 4,067,000 | 6,505,000 | 4,508,000 | 3,698,000 | 4,369,000 | 3,511,000 | 3,213,000 | 2,637,000 |
| Cash | 14,396,000 | 19,083,000 | 43,947,000 | 39,468,000 | 23,334,000 | 30,599,000 | 22,782,000 | 63,337,000 | 40,691,000 | 45,394,000 | 20,068,000 | 7,612,000 | 49,778,000 | 107,129,000 | 55,712,000 |
| misc current assets | 115,000 | 114,000 | 95,000 | 139,000 | 169,000 | ||||||||||
| total current assets | 119,280,000 | 123,955,000 | 118,242,000 | 109,725,000 | 88,975,000 | 85,319,000 | 268,472,000 | 166,680,000 | 108,122,000 | 643,567,000 | 553,461,000 | 469,982,000 | 686,304,000 | 595,020,000 | 487,165,000 |
| total assets | 382,308,000 | 382,720,000 | 386,953,000 | 423,542,000 | 349,520,000 | 328,405,000 | 504,066,000 | 386,957,000 | 305,491,000 | 797,140,000 | 680,807,000 | 591,114,000 | 802,049,000 | 757,409,000 | 625,927,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 55,329,000 | 59,865,000 | 51,549,000 | 52,041,000 | 48,361,000 | 45,198,000 | 48,718,000 | 42,088,000 | 44,887,000 | 48,567,000 | 44,917,000 | 41,462,000 | 29,311,000 | 27,356,000 | 28,836,000 |
| Group/Directors Accounts | 8,249,000 | 8,080,000 | 5,563,000 | 5,615,000 | 8,043,000 | 11,893,000 | 8,123,000 | 21,151,000 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 667,000 | 632,000 | 1,037,000 | 3,350,000 | |||||||||||
| other current liabilities | 20,854,000 | 19,778,000 | 24,442,000 | 42,970,000 | 42,385,000 | 40,250,000 | 39,723,000 | 30,039,000 | 31,327,000 | 17,173,000 | 15,031,000 | 13,260,000 | 14,504,000 | 14,222,000 | 15,930,000 |
| total current liabilities | 85,099,000 | 88,355,000 | 77,028,000 | 98,361,000 | 90,746,000 | 85,448,000 | 88,441,000 | 72,127,000 | 76,214,000 | 71,303,000 | 65,563,000 | 62,765,000 | 55,708,000 | 49,701,000 | 65,917,000 |
| loans | 2,052,000 | 102,270,000 | |||||||||||||
| hp & lease commitments | 877,000 | 722,000 | 1,026,000 | 51,135,000 | |||||||||||
| Accruals and Deferred Income | 27,620,000 | 212,000 | 1,062,000 | 1,700,000 | 2,550,000 | ||||||||||
| other liabilities | 1,000,000 | 2,000,000 | |||||||||||||
| provisions | 33,524,000 | 32,834,000 | 81,666,000 | 62,832,000 | 52,784,000 | 51,320,000 | 42,408,000 | 37,896,000 | 4,219,000 | 3,863,000 | 3,540,000 | 4,321,000 | 4,452,000 | 1,559,000 | |
| total long term liabilities | 35,401,000 | 35,556,000 | 41,859,000 | 82,551,000 | 27,620,000 | 26,604,000 | 26,722,000 | 22,904,000 | 21,498,000 | 4,219,000 | 3,863,000 | 3,540,000 | 4,321,000 | 4,452,000 | 3,559,000 |
| total liabilities | 120,500,000 | 123,911,000 | 118,887,000 | 180,912,000 | 118,366,000 | 112,052,000 | 115,163,000 | 95,031,000 | 97,712,000 | 75,522,000 | 69,426,000 | 66,305,000 | 60,029,000 | 54,153,000 | 69,476,000 |
| net assets | 261,808,000 | 258,809,000 | 268,066,000 | 242,630,000 | 231,154,000 | 216,353,000 | 388,903,000 | 291,926,000 | 207,779,000 | 721,618,000 | 611,381,000 | 524,809,000 | 742,020,000 | 703,256,000 | 556,451,000 |
| total shareholders funds | 261,808,000 | 258,809,000 | 268,066,000 | 242,630,000 | 231,154,000 | 216,353,000 | 388,903,000 | 291,926,000 | 207,779,000 | 721,618,000 | 611,381,000 | 524,809,000 | 742,020,000 | 703,256,000 | 556,451,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Dec 2016 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 47,681,000 | 78,434,000 | 41,486,000 | 80,861,000 | 53,496,000 | 56,032,000 | 34,434,000 | 77,729,000 | 88,858,000 | 93,774,000 | 111,603,000 | 92,557,000 | 81,556,000 | 87,383,000 | 79,104,000 |
| Depreciation | 18,515,000 | 18,176,000 | 19,859,000 | 20,728,000 | 18,483,000 | 14,085,000 | 10,125,000 | 10,695,000 | 12,863,000 | 12,898,000 | 11,577,000 | 11,210,000 | 11,577,000 | 11,666,000 | 11,042,000 |
| Amortisation | 2,114,000 | 4,114,000 | 2,666,000 | 2,374,000 | 2,483,000 | 2,080,000 | 1,584,000 | 1,607,000 | 43,000 | 44,000 | 43,000 | 43,000 | 44,000 | 43,000 | |
| Tax | -4,711,000 | -9,891,000 | -19,023,000 | -11,368,000 | -7,395,000 | -10,348,000 | -345,000 | -4,260,000 | -8,883,000 | -9,863,000 | -14,313,000 | -4,307,000 | -4,436,000 | -3,141,000 | -184,000 |
| Stock | 2,990,000 | 4,916,000 | -1,866,000 | 1,192,000 | 3,308,000 | -4,042,000 | 1,348,000 | 21,431,000 | 16,651,000 | -2,084,000 | 889,000 | 3,103,000 | 16,568,000 | 13,707,000 | 14,785,000 |
| Debtors | -2,979,000 | -85,536,000 | -6,299,000 | 130,000 | 134,288,000 | -186,884,000 | 141,029,000 | 81,743,000 | 50,780,000 | 66,864,000 | 70,134,000 | -177,259,000 | 619,958,000 | 474,184,000 | 416,668,000 |
| Creditors | -4,536,000 | 8,316,000 | -492,000 | 3,680,000 | 3,163,000 | -3,520,000 | 6,630,000 | 42,088,000 | 44,887,000 | 3,650,000 | 3,455,000 | 12,151,000 | 29,311,000 | 27,356,000 | 28,836,000 |
| Accruals and Deferred Income | 1,076,000 | -4,664,000 | -18,528,000 | -27,035,000 | 29,543,000 | -323,000 | 9,046,000 | 31,739,000 | 33,877,000 | 2,142,000 | 1,771,000 | -1,244,000 | 14,504,000 | 14,222,000 | 15,930,000 |
| Deferred Taxes & Provisions | 690,000 | -48,832,000 | 18,834,000 | 62,832,000 | -52,784,000 | 1,464,000 | 8,912,000 | 42,408,000 | 37,896,000 | 356,000 | 323,000 | -781,000 | 4,321,000 | 4,452,000 | 1,559,000 |
| Cash flow from operations | 60,818,000 | 126,273,000 | 52,967,000 | 130,750,000 | -93,090,000 | 250,799,000 | -71,495,000 | 98,809,000 | 143,674,000 | 38,220,000 | 43,437,000 | 283,785,000 | -499,650,000 | -345,909,000 | -295,123,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -259,000 | 103,562,000 | -475,000 | 853,000 | -16,984,000 | 24,335,000 | 24,292,000 | 21,089,000 | 4,414,000 | 213,000 | 38,103,000 | 49,255,000 | 32,138,000 | ||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 169,000 | 8,080,000 | -52,000 | -2,428,000 | -3,850,000 | 11,893,000 | 8,123,000 | 21,151,000 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -2,052,000 | -100,218,000 | 102,270,000 | ||||||||||||
| Hire Purchase and Lease Commitments | 190,000 | -709,000 | -52,422,000 | 54,485,000 | |||||||||||
| other long term liabilities | -1,000,000 | 2,000,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | 3,836,000 | 2,123,000 | -3,000 | -225,000 | 2,664,000 | 2,222,000 | 1,042,000 | 2,145,000 | 1,483,000 | 5,466,000 | 75,000 | 266,000 | 555,000 | 439,000 | -742,000 |
| cash flow from financing | 141,000 | -15,981,000 | -125,389,000 | 149,738,000 | -31,608,000 | 6,043,000 | 18,909,000 | 216,425,000 | 739,436,000 | 16,524,000 | -17,507,000 | -12,178,000 | 709,062,000 | 581,391,000 | 479,850,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -4,687,000 | -24,864,000 | 4,479,000 | 16,134,000 | -7,265,000 | 7,817,000 | -40,555,000 | 63,337,000 | 40,691,000 | 25,326,000 | 12,456,000 | -42,166,000 | 49,778,000 | 107,129,000 | 55,712,000 |
| overdraft | |||||||||||||||
| change in cash | -4,687,000 | -24,864,000 | 4,479,000 | 16,134,000 | -7,265,000 | 7,817,000 | -40,555,000 | 63,337,000 | 40,691,000 | 25,326,000 | 12,456,000 | -42,166,000 | 49,778,000 | 107,129,000 | 55,712,000 |
weetabix limited Credit Report and Business Information
Weetabix Limited Competitor Analysis
Perform a competitor analysis for weetabix limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN15 area or any other competitors across 12 key performance metrics.
weetabix limited Ownership
WEETABIX LIMITED group structure
Weetabix Limited has 9 subsidiary companies.
Ultimate parent company
POST HOLDINGS INC
#0103503
2 parents
WEETABIX LIMITED
00267687
9 subsidiaries
weetabix limited directors
Weetabix Limited currently has 2 directors. The longest serving directors include Mr Bruce Condon (Jul 2022) and Mr Colm O'Dwyer (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Condon | England | 53 years | Jul 2022 | - | Director |
| Mr Colm O'Dwyer | United Kingdom | 56 years | Oct 2024 | - | Director |
P&L
September 2023turnover
368.8m
+9%
operating profit
47.7m
-39%
gross margin
31.6%
-19.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
261.8m
+0.01%
total assets
382.3m
0%
cash
14.4m
-0.25%
net assets
Total assets minus all liabilities
weetabix limited company details
company number
00267687
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
August 1932
age
93
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
weetabix mills, burton latimer, kettering, northamptonshire, NN15 5JR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
weetabix limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 42 charges/mortgages relating to weetabix limited. Currently there are 0 open charges and 42 have been satisfied in the past.
weetabix limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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weetabix limited Companies House Filings - See Documents
| date | description | view/download |
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