Dorset Cereals Limited
Credit Worthiness Registered Office Trading Address & Tel Reg No & Incorp DateDorset Cereals Ltd Dorset Cereals Ltd Reg No: 02867393
High credit score numbers denote
more credit worthiness. Please Peverell Avenue East, Poundbury Peverell Avenue East, Poundbury Incorp Date: 29/10/1993
exercise caution when using this type Dorchester Dorset Dorchester Dorset Previous Name:
of information. DT1 3WE DT1 3WE
01305 - 751000 01305 - 751000County Court Judgments In Last Six
Years: Directors & Co Secretary Shareholders
TOT NO = Peter Christopher Edward Farquhar Dorset Cereals Holdings Limited 42,568 Ord £1
TOT GBP = £0 Nigel Anthony Horsman
Nigel Anthony Horsman
Suggested Credit Limit: £276,400 Patrick Ashley James Horton
Oliver Wyncoll
Company Credit Score=93 Industry Average Credit Score=53 Business DescriptionManufactures And Sells Cereal Products.
Credit Control Parent & Subsidiaries Reg No Assets Turnover
Ultimate Parent:Dorset Cereals Holdings Limited 05389864 £ 17,657,000 £ 13,244,000
Parent:
year end 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02
consolidated No No No No No
number of months 12 12 12 12 12
number of employees 65 58 47 37 35
Credit Given (Days) Credit Taken (Days) Balance Land & Buildings 1,406,000 836,841 852,271 867,701
Sheet Fixtures & Fittings 72,000 26,849 31,097 40,242
Debt Ratio & Current Ratio Plant & Vehicles 768,000 296,117 264,921 209,055Other Tangible Assets
Total Tangible Assets 2,246,000 1,159,807 1,148,289 1,116,998
Intangible Assets 68,000 81,000 106,252 131,252 156,252
Investments
Total Fixed Assets 2,314,000 1,996,000 1,266,059 1,279,541 1,273,250
Stock 1,054,000 551,000 512,936 227,220 321,447
Debtors 2,811,000 2,010,000 1,861,917 1,071,833 823,517
Cash & Liquid Assets 42,000 737,000 1,816,788 1,629,959 906,308
Other Current Assets 4,112,000 1,301,000 145,235 54,367 80,083
Total Current Assets 8,019,000 4,599,000 4,336,876 2,983,379 2,131,355
Trade Creditors 2,764,000 1,287,000 1,170,972 629,754 623,763
Company Debt Ratio Industry Average Debt Ratio Bank Loans & Overdrafts 11,047 14,523 17,017
Company Current Ratio Industry Average Current Ratio Other Current Liabilities 1,191,000 316,000 664,349 1,273,452 925,500
Total Current Liabilities 3,955,000 1,603,000 1,846,368 1,917,729 1,566,280
Turnover Growth (% of 2005) Working Capital 4,064,000 2,996,000 2,490,508 1,065,650 565,075Net Assets 6,378,000 4,992,000 3,756,567 2,345,191 1,838,325
Group Loans
Other Long Term Loans 225,000
Long Term Loans 225,000
Other Long Term Liabilities 192,000 159,000 133,052 118,755 102,202
Issued Capital 43,000 43,000 42,568 42,568 42,568
Retained Earnings 5,918,000 4,790,000 3,580,947 2,183,868 1,693,555
Revaluation Reserve
Other Reserves
Shareholder Funds 5,961,000 4,833,000 3,623,515 2,226,436 1,736,123
Capital Employed 6,378,000 4,992,000 3,756,567 2,345,191 1,838,325
Company Turnover Industry Average Turnover Profit Turnover 13,244,000 10,784,000 8,449,830
& Loss Cost Of Goods Sold 8,726,000 7,496,000 5,495,110
Turnover Analysis (Estimate in £M's) Statement Gross Profit 4,518,000 3,288,000 2,954,720 2,508,152 2,084,005
Administrative Expenses 3,086,000 1,949,000 1,032,012 1,842,209 1,781,303
Operating Profit 1,432,000 1,339,000 1,922,708 665,943 302,702
Exceptional Items -10,847
Non-trading Income 13,000 92,000 71,828 49,417 12,839
Profit Before Interest & Tax 1,445,000 1,431,000 1,994,536 715,360 304,694
Net Interest 82,000 2,216 675
Pre-tax Profit 1,363,000 1,431,000 1,994,531 713,144 304,019
Tax Paid 235,000 221,000 597,452 222,831 79,821
Profit After Tax 1,128,000 1,210,000 1,397,079 490,313 224,198
Extraordinary Items
Company Turnover Turnover Analysis Using Debtors Minority Interests
Turnover Analysis Using Stock Turnover Analysis Using Fixed Assets Dividends
Retained Profit 1,128,000 1,210,000 1,397,079 490,313 224,198
Sales Per Employee (£000's) Notes to Exports 3,959,000 2,530,487Accounts Director Remuneration 307,000 244,000 75,504 959,384 974,667
Highest Paid Director 187,000 142,000 59,312 929,692 945,667
Employee Remuneration 1,495,000 1,166,000 740,060 1,624,463 1,583,456
Audit Fee 21,000 17,000 9,000 8,750 8,750
Flow of Profit Generated 1,363,000 1,431,000 1,994,531 713,144
Funds Depreciation 160,000 81,000 74,030 69,925
Statement Change In Debtors -801,000 -148,083 -790,084 -248,316
Change In Creditors 1,477,000 116,028 541,218 5,991
Change In Stock -503,000 -38,064 -285,716 94,227
Operating Cash Flow 1,696,000 1,441,881 1,533,979 634,971
Company Sales/Employee Industry Average Sales/Employee Ratio Gross Profit Margin (%) 34.11 / 29.61 30.49 / 29.38 34.97 / 29.37 / 29.06 / 24.34
Analysis Operating Profit Margin (%) 10.81 / 5.63 12.42 / 3.79 22.75 / 5.93 / 6.67 / -0.66
(Co / Ind PBIT Margin (%) 10.91 / 6.71 13.27 / 4.51 23.60 / 6.64 / 7.31 / 0.04Profit Margins (%)
Ave) Return On Total Assets (%) 13.98 / 10.34 21.70 / -3.00 35.60 / 11.74 16.78 / 11.82 8.95 / -1.15
Return On Equity (%) 18.92 / 13.78 25.04 / -10.49 38.56 / 13.91 22.02 / 18.18 12.91 / 5.73
Current Ratio 2.03 / 1.44 2.87 / 1.65 2.35 / 1.62 1.56 / 1.14 1.36 / 1.28
Quick Ratio 1.76 / 1.16 2.53 / 1.47 2.07 / 1.36 1.44 / 0.88 1.16 / 1.16
Debt Ratio 0.42 / 0.50 0.27 / 0.54 0.35 / 0.48 0.48 / 0.59 0.49 / 0.61
Times Interest Earned 17.62 / 15.79 / 18.36 900.06 / 26.25 1,059.79 / 16.60 / 13.48
Credit Given (Days) 77 / 30 68 / 35 80 / 30 / 33 / 49
Credit Taken (Days) 116 / 34 63 / 37 78 / 25 / 29 / 36
Fixed Asset Turnover 5.72 / 0.36 5.40 / 0.41 6.67 / 0.58 / 0.52 / 0.73
Stock Turnover 12.57 / 11.15 19.57 / 13.19 16.47 / 12.77 / 9.59 / 14.99
Debtor Turnover 4.71 / 11.96 5.37 / 10.06 4.54 / 12.09 / 11.18 / 7.12
Company Operating Margin Industry Average Operating Margin Sales Per Employee (£000's) 204 / 339 186 / 346 180 / 390 / 428 / 466
Company Gross Margin Industry Average Gross Margin Average Wage (£000's) 23 / 36 20 / 37 16 / 36 44 / 34 45 / 42
Growth In Sales (%) 22.81 27.62
Growth In Employees (%) 12.07 23.40 27.03 5.71
Chapter Four Company Accounts | 35
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