dairy crest limited

dairy crest limited Company Information

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Company Number

02085882

Industry

Butter and cheese production

 

Manufacture of margarine and similar edible fats

 
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Shareholders

dairy crest uk limited

Group Structure

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Contact

Registered Address

5 the heights brooklands, weybridge, surrey, KT13 0NY

dairy crest limited Estimated Valuation

£638.7m

Pomanda estimates the enterprise value of DAIRY CREST LIMITED at £638.7m based on a Turnover of £639.3m and 1x industry multiple (adjusted for size and gross margin).

dairy crest limited Estimated Valuation

£164.5m

Pomanda estimates the enterprise value of DAIRY CREST LIMITED at £164.5m based on an EBITDA of £23m and a 7.15x industry multiple (adjusted for size and gross margin).

dairy crest limited Estimated Valuation

£857.5m

Pomanda estimates the enterprise value of DAIRY CREST LIMITED at £857.5m based on Net Assets of £480m and 1.79x industry multiple (adjusted for liquidity).

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Dairy Crest Limited Overview

Dairy Crest Limited is a live company located in surrey, KT13 0NY with a Companies House number of 02085882. It operates in the manufacture of oils and fats sector, SIC Code 10410. Founded in December 1986, it's largest shareholder is dairy crest uk limited with a 100% stake. Dairy Crest Limited is a mature, mega sized company, Pomanda has estimated its turnover at £639.3m with healthy growth in recent years.

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Dairy Crest Limited Health Check

Pomanda's financial health check has awarded Dairy Crest Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

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Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £639.3m, make it larger than the average company (£53.9m)

£639.3m - Dairy Crest Limited

£53.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (12.1%)

12% - Dairy Crest Limited

12.1% - Industry AVG

production

Production

with a gross margin of 11.4%, this company has a higher cost of product (15.7%)

11.4% - Dairy Crest Limited

15.7% - Industry AVG

profitability

Profitability

an operating margin of -0.9% make it less profitable than the average company (2.3%)

-0.9% - Dairy Crest Limited

2.3% - Industry AVG

employees

Employees

with 1291 employees, this is above the industry average (85)

1291 - Dairy Crest Limited

85 - Industry AVG

paystructure

Pay Structure

on an average salary of £57k, the company has an equivalent pay structure (£52.1k)

£57k - Dairy Crest Limited

£52.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £495.2k, this is less efficient (£890.5k)

£495.2k - Dairy Crest Limited

£890.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is earlier than average (32 days)

20 days - Dairy Crest Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is slower than average (27 days)

36 days - Dairy Crest Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 215 days, this is more than average (26 days)

215 days - Dairy Crest Limited

26 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (5 weeks)

3 weeks - Dairy Crest Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.5%, this is a lower level of debt than the average (48.3%)

29.5% - Dairy Crest Limited

48.3% - Industry AVG

DAIRY CREST LIMITED financials

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Dairy Crest Limited's latest turnover from March 2024 is £639.3 million and the company has net assets of £480 million. According to their latest financial statements, Dairy Crest Limited has 1,291 employees and maintains cash reserves of £11.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover639,300,000626,800,000512,400,000453,700,000451,300,000462,300,000435,000,000395,700,000925,500,0001,247,300,0001,332,400,0001,336,100,0001,444,800,0001,420,600,0001,438,800,000
Other Income Or Grants000000000000000
Cost Of Sales566,500,000494,900,000396,500,000339,500,000344,400,000364,200,000332,600,000296,600,000719,100,000969,800,0001,172,229,7821,148,028,9261,213,634,7731,184,637,0251,209,628,643
Gross Profit72,800,000131,900,000115,900,000114,200,000106,900,00098,100,000102,400,00099,100,000206,400,000277,500,000160,170,218188,071,074231,165,227235,962,975229,171,357
Admin Expenses78,900,00093,300,00079,500,000-10,900,00079,400,00094,700,000-87,600,00044,200,000195,100,000204,000,00094,770,21881,971,074189,665,227176,562,975141,871,357
Operating Profit-6,100,00038,600,00036,400,000125,100,00027,500,0003,400,000190,000,00054,900,00011,300,00073,500,00065,400,000106,100,00041,500,00059,400,00087,300,000
Interest Payable9,500,0003,400,000600,0003,700,00015,500,00023,500,00021,300,00021,800,00030,700,00069,600,00020,900,00024,500,00068,200,00065,700,00021,800,000
Interest Receivable2,100,0003,800,0002,100,0005,600,0002,100,0007,100,0005,700,0008,200,00010,600,00049,700,0001,700,0001,200,00049,000,00045,400,0000
Pre-Tax Profit-13,500,00039,000,00037,900,000127,000,00017,900,000-10,600,000173,700,00036,500,000-160,200,00039,300,00058,800,00082,800,00022,300,00035,400,00068,000,000
Tax700,000-6,100,000-1,000,000-7,300,0003,200,000-2,200,000-29,200,000-3,200,00021,800,000-3,000,000-11,600,000-1,200,000400,000-11,600,000-13,600,000
Profit After Tax-12,800,00032,900,00036,900,000119,700,00021,100,000-12,800,000144,500,00033,300,000-138,400,00036,300,00047,200,00081,600,00022,700,00023,800,00054,400,000
Dividends Paid011,500,00010,000,00019,300,00021,600,00000025,000,0003,500,00020,000,00050,000,00040,000,00029,000,0000
Retained Profit-12,800,00021,400,00026,900,000100,400,000-500,000-12,800,000144,500,00033,300,000-163,400,00032,800,00027,200,00031,600,000-17,300,000-5,200,00054,400,000
Employee Costs73,600,00069,300,00061,800,00057,100,00055,000,00053,000,00050,800,00048,500,000125,100,000166,200,000177,600,000197,500,000212,600,000217,900,000237,300,000
Number Of Employees1,2911,2461,1981,0381,0071,0531,0471,0751,1411,1994,4685,2035,9736,2456,964
EBITDA*23,000,00067,700,00064,400,000149,800,00052,400,00020,500,000211,200,00070,700,00036,700,000113,300,00097,300,000155,900,00094,600,000101,500,000138,800,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets238,800,000216,600,000200,900,000185,500,000174,000,000187,600,000189,200,000207,000,000235,400,000327,200,000287,500,000269,000,000271,000,000273,500,000262,200,000
Intangible Assets22,900,00024,800,00027,800,00026,400,00032,500,00032,700,00023,200,00010,700,0007,100,00021,200,00023,000,00025,100,00026,900,00047,900,00056,600,000
Investments & Other20,600,00047,100,000142,700,000102,600,000716,100,000646,900,000594,600,000506,700,000538,500,000532,600,000534,700,000546,000,000551,200,000540,200,000540,200,000
Debtors (Due After 1 year)0000003,200,00042,800,00035,400,00012,600,00000000
Total Fixed Assets282,300,000288,500,000371,400,000314,500,000922,600,000867,200,000810,200,000767,200,000816,400,000893,600,000845,200,000840,100,000849,100,000861,600,000859,000,000
Stock & work in progress334,400,000368,500,000261,900,000233,000,000201,400,000181,000,000182,200,000152,100,000150,300,000198,500,000217,900,000206,700,000182,100,000159,600,000149,300,000
Trade Debtors35,400,00049,700,00045,700,00029,700,00034,300,00021,800,00017,200,00023,000,00027,500,00068,600,00090,200,00075,800,00093,000,000100,600,000100,400,000
Group Debtors400,000300,0001,600,000300,000234,200,000416,000,000439,100,000396,000,000438,000,000463,900,000399,100,000290,200,000124,000,000100,600,000181,200,000
Misc Debtors17,300,00020,000,00013,300,00012,900,00012,600,00011,700,0008,900,0006,800,00012,900,00021,100,00014,300,00018,600,00017,600,00017,100,00015,000,000
Cash11,100,00014,600,00010,400,0008,600,0006,800,00013,000,00021,400,00019,400,00059,300,00049,000,00065,100,000258,700,00060,000,00039,500,0007,800,000
misc current assets0000500,0000000000000
total current assets398,600,000453,100,000332,900,000284,500,000489,800,000643,500,000668,800,000597,300,000688,000,000801,100,000786,600,000850,000,000476,700,000417,400,000453,700,000
total assets680,900,000741,600,000704,300,000599,000,0001,412,400,0001,510,700,0001,479,000,0001,364,500,0001,504,400,0001,694,700,0001,631,800,0001,690,100,0001,325,800,0001,279,000,0001,312,700,000
Bank overdraft000000000000000
Bank loan000014,000,000123,000,00000000010,000,00000
Trade Creditors 57,100,00068,200,00048,500,00035,500,00031,100,00049,300,00039,400,00044,500,00049,100,00097,800,000124,600,000105,700,000129,800,000117,300,00082,600,000
Group/Directors Accounts20,000,00019,200,00016,800,000900,0001,051,400,0001,069,400,0001,067,400,0001,058,900,0001,206,600,0001,178,100,0001,175,400,0001,236,400,000850,500,000755,200,000805,900,000
other short term finances000000000000000
hp & lease commitments3,800,000200,000100,0000001,100,0001,500,0001,500,00001,800,0002,400,0002,700,0002,500,0002,300,000
other current liabilities109,100,000127,800,00041,000,00036,100,00030,400,00032,600,00030,400,00033,900,00067,800,00065,400,00083,800,00095,900,00094,600,000111,200,000111,600,000
total current liabilities190,000,000215,400,000106,400,00072,500,0001,126,900,0001,274,300,0001,138,300,0001,138,800,0001,325,000,0001,341,300,0001,385,600,0001,440,400,0001,087,600,000986,200,0001,002,400,000
loans000000158,400,000127,200,000103,700,000105,000,00036,000,0000000
hp & lease commitments6,700,000300,000500,00000001,000,0002,400,000003,100,0004,500,0007,100,0009,500,000
Accruals and Deferred Income4,200,0004,600,0004,900,0001,900,0001,900,0002,100,0002,400,0003,000,0004,500,0006,200,00000000
other liabilities00000000007,800,0009,600,0006,900,00007,300,000
provisions0017,100,0001,600,00017,600,00018,700,0003,800,0004,700,00010,000,0003,100,0005,600,0004,900,0008,100,00025,300,00023,100,000
total long term liabilities10,900,0004,900,00022,500,0003,500,00019,500,00020,800,000164,600,000245,500,000163,100,000155,700,00089,200,00067,700,00083,500,00076,900,000142,400,000
total liabilities200,900,000220,300,000128,900,00076,000,0001,146,400,0001,295,100,0001,302,900,0001,384,300,0001,488,100,0001,497,000,0001,474,800,0001,508,100,0001,171,100,0001,063,100,0001,144,800,000
net assets480,000,000521,300,000575,400,000523,000,000266,000,000215,600,000176,100,000-19,800,00016,300,000197,700,000157,000,000182,000,000154,700,000215,900,000167,900,000
total shareholders funds480,000,000521,300,000575,200,000523,000,000266,000,000215,600,000176,100,000-19,800,00016,300,000197,700,000157,000,000182,000,000154,700,000215,900,000167,900,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-6,100,00038,600,00036,400,000125,100,00027,500,0003,400,000190,000,00054,900,00011,300,00073,500,00065,400,000106,100,00041,500,00059,400,00087,300,000
Depreciation22,100,00022,000,00018,800,00016,200,00016,800,00016,400,00018,500,00015,200,00023,400,00036,700,00028,600,00042,300,00029,700,00029,500,00034,500,000
Amortisation7,000,0007,100,0009,200,0008,500,0008,100,000700,0002,700,000600,0002,000,0003,100,0003,300,0007,500,00023,400,00012,600,00017,000,000
Tax700,000-6,100,000-1,000,000-7,300,0003,200,000-2,200,000-29,200,000-3,200,00021,800,000-3,000,000-11,600,000-1,200,000400,000-11,600,000-13,600,000
Stock-34,100,000106,600,00028,900,00031,600,00020,400,000-1,200,00030,100,0001,800,000-48,200,000-19,400,00011,200,00024,600,00022,500,00010,300,000149,300,000
Debtors-16,900,0009,400,00017,700,000-238,200,000-168,400,000-18,900,000-200,000-45,200,000-52,400,00062,600,000119,000,000150,000,00016,300,000-78,300,000296,600,000
Creditors-11,100,00019,700,00013,000,0004,400,000-18,200,0009,900,000-5,100,000-4,600,000-48,700,000-26,800,00018,900,000-24,100,00012,500,00034,700,00082,600,000
Accruals and Deferred Income-19,100,00086,500,0007,900,0005,700,000-2,400,0001,900,000-4,100,000-35,400,000700,000-12,200,000-12,100,0001,300,000-16,600,000-400,000111,600,000
Deferred Taxes & Provisions0-17,100,00015,500,000-16,000,000-1,100,00014,900,000-900,000-5,300,0006,900,000-2,500,000700,000-3,200,000-17,200,0002,200,00023,100,000
Cash flow from operations44,500,00034,700,00053,200,000343,200,000181,900,00065,100,000142,000,00065,600,000118,000,00025,600,000-37,000,000-45,900,00034,900,000194,400,000-103,400,000
Investing Activities
capital expenditure-49,400,000-41,800,000-44,800,000-30,100,000-11,100,000-25,000,000-15,900,0009,000,00080,500,000-77,700,000-48,300,000-46,000,000-29,600,000-44,700,000-370,300,000
Change in Investments-26,500,000-95,600,00040,100,000-613,500,00069,200,00052,300,00087,900,000-31,800,0005,900,000-2,100,000-11,300,000-5,200,00011,000,0000540,200,000
cash flow from investments-22,900,00053,800,000-84,900,000583,400,000-80,300,000-77,300,000-103,800,00040,800,00074,600,000-75,600,000-37,000,000-40,800,000-40,600,000-44,700,000-910,500,000
Financing Activities
Bank loans000-14,000,000-109,000,000123,000,00000000-10,000,00010,000,00000
Group/Directors Accounts800,0002,400,00015,900,000-1,050,500,000-18,000,0002,000,0008,500,000-147,700,00028,500,0002,700,000-61,000,000385,900,00095,300,000-50,700,000805,900,000
Other Short Term Loans 000000000000000
Long term loans00000-158,400,00031,200,00023,500,000-1,300,00069,000,00036,000,0000000
Hire Purchase and Lease Commitments10,000,000-100,000600,00000-1,100,000-1,400,000-1,400,0003,900,000-1,800,000-3,700,000-1,700,000-2,400,000-2,200,00011,800,000
other long term liabilities000000000-7,800,000-1,800,0002,700,0006,900,000-7,300,0007,300,000
share issue-28,500,000-75,300,00025,300,000156,600,00050,900,00052,300,00051,400,000-69,400,000-18,000,0007,900,000-52,200,000-4,300,000-43,900,00053,200,000113,500,000
interest-7,400,000400,0001,500,0001,900,000-13,400,000-16,400,000-15,600,000-13,600,000-20,100,000-19,900,000-19,200,000-23,300,000-19,200,000-20,300,000-21,800,000
cash flow from financing-25,100,000-72,600,00043,300,000-906,000,000-89,500,0001,400,00074,100,000-208,600,000-7,000,00050,100,000-101,900,000349,300,00046,700,000-27,300,000916,700,000
cash and cash equivalents
cash-3,500,0004,200,0001,800,0001,800,000-6,200,000-8,400,0002,000,000-39,900,00010,300,000-16,100,000-193,600,000198,700,00020,500,00031,700,0007,800,000
overdraft000000000000000
change in cash-3,500,0004,200,0001,800,0001,800,000-6,200,000-8,400,0002,000,000-39,900,00010,300,000-16,100,000-193,600,000198,700,00020,500,00031,700,0007,800,000

dairy crest limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Dairy Crest Limited Competitor Analysis

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Perform a competitor analysis for dairy crest limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in KT13 area or any other competitors across 12 key performance metrics.

dairy crest limited Ownership

DAIRY CREST LIMITED Shareholders

dairy crest uk limited 100%

dairy crest limited directors

Dairy Crest Limited currently has 6 directors. The longest serving directors include Mr Robert Willock (Jul 2013) and Ms Maxime Therrien (Apr 2019).

officercountryagestartendrole
Mr Robert WillockEngland58 years Jul 2013- Director
Ms Maxime TherrienEngland55 years Apr 2019- Director
Mr Christopher ThorntonEngland60 years Mar 2020- Director
Mr Christopher ThorntonEngland60 years Mar 2020- Director
Mr Adam BraithwaiteEngland49 years Mar 2020- Director
Mr Steven DouglasEngland55 years Nov 2024- Director

P&L

March 2024

turnover

639.3m

+2%

operating profit

-6.1m

-116%

gross margin

11.4%

-45.89%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

480m

-0.08%

total assets

680.9m

-0.08%

cash

11.1m

-0.24%

net assets

Total assets minus all liabilities

dairy crest limited company details

company number

02085882

Type

Private limited with Share Capital

industry

10512 - Butter and cheese production

10420 - Manufacture of margarine and similar edible fats

10410 - Manufacture of oils and fats

incorporation date

December 1986

age

39

incorporated

UK

ultimate parent company

SAPUTO INC

accounts

Full Accounts

last accounts submitted

March 2024

previous names

dairy crest foods ltd. (May 1987)

legibus 828 limited (March 1987)

accountant

-

auditor

KPMG LLP

address

5 the heights brooklands, weybridge, surrey, KT13 0NY

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

EVERSHEDS SUTHERLAND (INTERNATIONAL) LLP

dairy crest 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 2 charges/mortgages relating to dairy crest limited. Currently there are 1 open charges and 1 have been satisfied in the past.

dairy crest 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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dairy crest limited Companies House Filings - See Documents

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