County Milk Products Limited

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county milk products limited Company Information

Live

MatureMegaDeclining

Company Number

02873177

Website

www.countymilk.co.uk

Registered Address

dean court 85 adlington road, wilmslow, cheshire, SK9 2BT

Industry

Other retail sale of food in specialised stores

Telephone

01625586177

Next Accounts Due

September 2025

Group Structure

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Directors

John Langslow30 Years

Mark Langslow18 Years

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Shareholders

john noel langslow 43.9%

marie elizabeth langslow 17.2%

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county milk products limited Estimated Valuation

£89.5m

Pomanda estimates the enterprise value of COUNTY MILK PRODUCTS LIMITED at £89.5m based on a Turnover of £243.6m and 0.37x industry multiple (adjusted for size and gross margin).

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County Milk Products Limited is a live company located in cheshire, SK9 2BT with a Companies House number of 02873177. It operates in the other retail sale of food in specialised stores sector, SIC Code 47290. Founded in November 1993, it's largest shareholder is john noel langslow with a 43.9% stake. County Milk Products Limited is a mature, mega sized company, Pomanda has estimated its turnover at £243.6m with declining growth in recent years.

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Pomanda's financial health check has awarded County Milk Products Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £243.6m, make it larger than the average company (£619.5k)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.1%)

EXPORT

County Milk Products Limited's latest turnover from December 2023 is £243.6 million and the company has net assets of £12.6 million. According to their latest financial statements, County Milk Products Limited has 138 employees and maintains cash reserves of £316.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	243,609,279	320,272,138	254,872,799	254,172,439	261,149,958	252,787,454	235,721,394	173,125,684	183,111,763	236,826,500	228,938,615	161,158,226	158,462,487	116,814,177	86,313,509
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	230,273,147	313,798,662	244,596,685	245,992,721	253,934,160	244,891,899	229,888,879	166,747,943	176,599,475	153,068,238	222,400,366	156,451,718	152,979,395	112,969,043	81,771,837
Gross Profit	13,336,132	6,473,476	10,276,114	8,179,718	7,215,798	7,895,555	5,832,515	6,377,741	6,512,288	83,758,262	6,538,249	4,706,508	5,483,092	3,845,134	4,541,672
Admin Expenses	10,535,250	8,654,754	8,973,032	7,335,339	6,492,120	6,853,502	5,693,815	-2,944,743	5,419,477	82,820,809	4,765,661	3,085,642	2,478,685	2,780,523	3,542,431
Operating Profit	2,800,882	-2,181,278	1,303,082	844,379	723,678	1,042,053	138,700	9,322,484	1,092,811	937,453	1,772,588	1,620,866	3,004,407	1,064,611	999,241
Interest Payable	1,570,273	886,524	409,635	436,540	499,091	403,358	238,340	98,904	144,504	169,214	151,516	221,144	0	0	0
Interest Receivable	1,551	22,928	89,605	52,193	36,792	53,090	83,926	85,000	177,004	50,362	11,236	1,398	16,918	10,714	4,786
Pre-Tax Profit	1,232,160	-3,044,874	983,052	1,614,232	-422,240	702,605	1,190,056	1,223,826	1,180,343	1,048,355	1,678,168	1,431,654	259,394	1,075,325	1,004,027
Tax	122,703	76,850	-163,242	-109,642	1,611	-148,957	-88,704	-244,496	-237,234	-275,395	-394,544	-395,814	-35,140	-311,697	-286,513
Profit After Tax	1,354,863	-2,968,024	819,810	1,504,590	-420,629	553,648	1,101,352	979,330	943,109	772,960	1,283,624	1,035,840	224,254	763,628	717,514
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,354,863	-2,968,024	819,810	1,504,590	-420,629	553,648	1,101,352	979,330	943,109	772,960	1,283,624	1,035,840	224,254	763,628	717,514
Employee Costs	7,107,606	4,995,904	5,999,894	4,645,867	4,125,978	4,191,308	3,189,969	4,172,298	4,269,628	2,519,271	3,537,061	2,686,906	1,658,356	924,851	1,725,753
Number Of Employees	138	130	126	108	107	92	73	54	30	26	22	22	20	16	15
EBITDA*	3,370,248	-1,773,227	1,673,137	1,202,375	1,071,257	1,393,710	808,028	9,549,906	1,344,366	1,038,845	1,859,418	1,681,094	3,060,739	1,141,095	1,059,517

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	3,794,260	3,362,156	2,335,622	2,270,236	2,166,744	2,059,704	1,912,180	561,579	506,075	556,084	442,577	396,314	371,721	398,713	134,428
Intangible Assets	3	3	3	3	3	3	39,279	0	125,000	0	0	0	0	0	0
Investments & Other	0	0	0	0	354,972	1,093,623	1,137,835	1,235,477	1,007,949	1,007,949	1,007,949	1,007,949	0	0	0
Debtors (Due After 1 year)	0	0	500,000	1,500,000	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,794,263	3,362,159	2,835,625	3,770,239	2,521,719	3,153,330	3,089,294	1,797,056	1,639,024	1,564,033	1,450,526	1,404,263	371,721	398,713	134,428
Stock & work in progress	22,492,734	30,974,248	18,732,455	22,360,562	17,355,873	15,788,856	10,903,603	12,360,616	11,162,201	9,027,763	4,482,405	3,714,197	3,937,345	2,189,819	2,680,022
Trade Debtors	25,864,150	32,459,773	30,305,506	30,174,335	29,982,553	31,136,495	28,960,446	26,698,287	23,985,386	25,435,064	23,849,505	21,278,673	17,897,348	13,225,519	9,555,412
Group Debtors	2,207,500	2,142,500	2,137,500	2,529,300	2,701,711	2,151,231	1,709,524	1,480,719	1,473,778	1,810,172	3,223,984	1,641,128	0	0	0
Misc Debtors	1,648,469	1,167,235	2,158,568	1,772,125	1,151,834	1,789,834	1,944,235	2,281,145	1,687,238	1,539,329	773,301	1,303,889	610,523	362,147	213,059
Cash	316,912	38,828	801,907	523,389	776,242	240,777	122,429	1,460,504	0	107,136	0	558,638	1,447,086	2,031,504	1,828,841
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	52,529,765	66,782,584	54,135,936	57,359,711	51,968,213	51,107,193	43,640,237	44,281,271	38,308,603	37,919,464	32,329,195	28,496,525	23,892,302	17,808,989	14,277,334
total assets	56,324,028	70,144,743	56,971,561	61,129,950	54,489,932	54,260,523	46,729,531	46,078,327	39,947,627	39,483,497	33,779,721	29,900,788	24,264,023	18,207,702	14,411,762
Bank overdraft	0	0	0	0	0	0	0	0	851,214	0	456,887	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	20,267,848	20,443,023	16,482,679	19,576,873	24,179,112	20,612,685	17,488,288	15,933,142	13,562,364	15,464,410	13,575,722	14,051,604	10,905,000	7,656,378	7,186,672
Group/Directors Accounts	1,373,141	2,285,070	378,634	433,043	415,979	1,021,520	1,490,366	944,099	1,174,642	0	1,163,775	962,370	60,976	0	45,619
other short term finances	15,726,428	29,184,981	14,149,696	17,003,661	12,423,468	12,338,093	9,118,736	7,641,309	0	1,202,805	4,028,324	0	0	0	0
hp & lease commitments	68,672	13,522	105,958	95,319	97,475	92,858	8,704	0	0	0	0	0	0	0	0
other current liabilities	5,877,383	6,802,564	11,381,908	10,308,837	5,160,054	7,527,606	6,834,109	11,083,453	15,217,769	13,880,415	6,383,469	8,003,195	7,488,776	4,970,854	2,366,471
total current liabilities	43,313,472	58,729,160	42,498,875	47,417,733	42,276,088	41,592,762	34,940,203	35,602,003	30,805,989	30,547,630	25,608,177	23,017,169	18,454,752	12,627,232	9,598,762
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	251,945	0	13,522	109,813	205,133	302,608	17,104	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	449,998	0	0	0	0	0	0	0
provisions	116,237	141,397	213,288	187,872	231,879	180,027	150,038	19,077	30,868	42,561	51,198	46,897	8,389	3,842	0
total long term liabilities	368,182	141,397	226,810	297,685	437,012	482,635	167,142	469,075	30,868	42,561	51,198	46,897	8,389	3,842	0
total liabilities	43,681,654	58,870,557	42,725,685	47,715,418	42,713,100	42,075,397	35,107,345	36,071,078	30,836,857	30,590,191	25,659,375	23,064,066	18,463,141	12,631,074	9,598,762
net assets	12,642,374	11,274,186	14,245,876	13,414,532	11,776,832	12,185,126	11,622,186	10,007,249	9,110,770	8,893,306	8,120,346	6,836,722	5,800,882	5,576,628	4,813,000
total shareholders funds	12,642,374	11,274,186	14,245,876	13,414,532	11,776,832	12,185,126	11,622,186	10,007,249	9,110,770	8,893,306	8,120,346	6,836,722	5,800,882	5,576,628	4,813,000

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	2,800,882	-2,181,278	1,303,082	844,379	723,678	1,042,053	138,700	9,322,484	1,092,811	937,453	1,772,588	1,620,866	3,004,407	1,064,611	999,241
Depreciation	569,366	408,051	370,055	357,996	347,579	312,381	219,328	102,424	126,555	101,392	86,830	60,228	56,332	76,484	60,276
Amortisation	0	0	0	0	0	39,276	450,000	124,998	125,000	0	0	0	0	0	0
Tax	122,703	76,850	-163,242	-109,642	1,611	-148,957	-88,704	-244,496	-237,234	-275,395	-394,544	-395,814	-35,140	-311,697	-286,513
Stock	-8,481,514	12,241,793	-3,628,107	5,004,689	1,567,017	4,885,253	-1,457,013	1,198,415	2,134,438	4,545,358	768,208	-223,148	1,747,526	-490,203	2,680,022
Debtors	-6,049,389	667,934	-874,186	2,139,662	-1,241,462	2,463,355	2,154,054	3,313,749	-1,638,163	937,775	3,623,100	5,715,819	4,920,205	3,819,195	9,768,471
Creditors	-175,175	3,960,344	-3,094,194	-4,602,239	3,566,427	3,124,397	1,555,146	2,370,778	-1,902,046	1,888,688	-475,882	3,146,604	3,248,622	469,706	7,186,672
Accruals and Deferred Income	-925,181	-4,579,344	1,073,071	5,148,783	-2,367,552	693,497	-4,249,344	-4,134,316	1,337,354	7,496,946	-1,619,726	514,419	2,517,922	2,604,383	2,366,471
Deferred Taxes & Provisions	-25,160	-71,891	25,416	-44,007	51,852	29,989	130,961	-11,791	-11,693	-8,637	4,301	38,508	4,547	3,842	0
Cash flow from operations	16,898,338	-15,296,995	4,016,481	-5,549,081	1,998,040	-2,255,972	-2,540,954	3,017,917	34,472	4,657,314	-5,017,741	-507,860	2,128,959	578,337	-2,122,346
Investing Activities
capital expenditure	0	0	0	0	0	-8,603	-946,235	208,761	-326,546	0	-129,106	-1,092,770	-20,267	-338,331	-14,870
Change in Investments	0	0	0	-354,972	-738,651	-44,212	-97,642	227,528	0	0	0	1,007,949	0	0	0
cash flow from investments	0	0	0	354,972	738,651	35,609	-848,593	-18,767	-326,546	0	-129,106	-2,100,719	-20,267	-338,331	-14,870
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-911,929	1,906,436	-54,409	17,064	-605,541	-468,846	546,267	-230,543	1,174,642	-1,163,775	201,405	901,394	60,976	-45,619	45,619
Other Short Term Loans	-13,458,553	15,035,285	-2,853,965	4,580,193	85,375	3,219,357	1,477,427	7,641,309	-1,202,805	-2,825,519	4,028,324	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	307,095	-105,958	-85,652	-97,476	-92,858	369,658	25,808	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-449,998	449,998	0	0	0	0	0	0	0
share issue	13,325	-3,666	11,534	133,110	12,335	9,292	513,585	-82,851	-725,645	0	0	0	0	0	4,095,486
interest	-1,568,722	-863,596	-320,030	-384,347	-462,299	-350,268	-154,414	-13,904	32,500	-118,852	-140,280	-219,746	16,918	10,714	4,786
cash flow from financing	-15,618,784	15,968,501	-3,302,522	4,248,544	-1,062,988	2,779,193	1,958,675	7,764,009	-721,308	-4,108,146	4,089,449	681,648	77,894	-34,905	4,145,891
cash and cash equivalents
cash	278,084	-763,079	278,518	-252,853	535,465	118,348	-1,338,075	1,460,504	-107,136	107,136	-558,638	-888,448	-584,418	202,663	1,828,841
overdraft	0	0	0	0	0	0	0	-851,214	851,214	-456,887	456,887	0	0	0	0
change in cash	278,084	-763,079	278,518	-252,853	535,465	118,348	-1,338,075	2,311,718	-958,350	564,023	-1,015,525	-888,448	-584,418	202,663	1,828,841

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COUNTY MILK PRODUCTS LIMITED group structure

County Milk Products Limited has 3 subsidiary companies.

Ultimate parent company

COUNTY MILK PRODUCTS LIMITED

02873177

3 subsidiaries

COUNTY FOOD INGREDIENTS LTD

10701956

THE PROTEIN PARTNERS LTD

10392438

OAK LEAF DAIRY PRODUCTS LIMITED

09727808

COUNTY MILK PRODUCTS LIMITED Shareholders

john noel langslow	43.89%
marie elizabeth langslow	17.23%
peter david white	13.84%
damon murphy	10%
philip john langslow	5.01%
mark david langslow	5.01%
roseanne byrne	2.51%
jamie lee john howard	2.51%

County Milk Products Limited currently has 6 directors. The longest serving directors include Mr John Langslow (Dec 1993) and Mr Mark Langslow (Aug 2006).

officer	country	age	start	end	role
Mr John Langslow		82 years	Dec 1993	-	Director
Mr Mark Langslow	England	53 years	Aug 2006	-	Director
Mr Philip Langslow	United Kingdom	56 years	Aug 2006	-	Director
Mr Peter White	United Kingdom	57 years	Aug 2015	-	Director
Mr Damon Murphy	United Kingdom	38 years	Oct 2019	-	Director
Mr Aled Davies	United Kingdom	46 years	Oct 2022	-	Director

P&L

December 2023

turnover

243.6m

-24%

operating profit

2.8m

-228%

gross margin

5.5%

+170.84%

turnover

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

Balance Sheet

December 2023

net assets

12.6m

+0.12%

total assets

56.3m

-0.2%

cash

316.9k

+7.16%

net assets

Total assets minus all liabilities

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company number

02873177

Type

Private limited with Share Capital

industry

47290 - Other retail sale of food in specialised stores

incorporation date

November 1993

ultimate parent company

None

previous names

inhoco 282 limited (December 1993)

address

dean court 85 adlington road, wilmslow, cheshire, SK9 2BT

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 county milk products limited. Currently there are 2 open charges and 0 have been satisfied in the past.

county milk products limited Company Information

county milk products limited Estimated Valuation

county milk products limited Estimated Valuation

county milk products limited Estimated Valuation

County Milk Products Limited Overview

County Milk Products Limited Health Check

COUNTY MILK PRODUCTS LIMITED financials

county milk products limited Credit Report and Business Information

County Milk Products Limited Competitor Analysis

county milk products limited Ownership

county milk products limited directors

county milk products limited company details

county milk products limited Charges & Mortgages

county milk products limited Companies House Filings - See Documents