Kellogg Company Of Great Britain,limited
Credit Worthiness Registered Office Trading Address & Tel Reg No & Incorp DateThe Kellogg Building The Kellogg Building Reg No: 00199171
High credit score numbers denote
more credit worthiness. Please Talbot Road Talbot Road Incorp Date: 9/07/1924
exercise caution when using this type Manchester Manchester Previous Name:
of information. M16 0PU M16 0PU
0161 - 8692000 0161 - 8692000County Court Judgments In Last Six
Years: Directors & Co Secretary Shareholders
TOT NO = 1 Jonathan Nigel Ainley James Andrew Threlkeld Kellogg U.K. Holding Company Limited 20,080 Ord 5p
TOT GBP = £5,833 Bruce Henry Edwards
John Gregory
Suggested Credit Limit: £999,999 Colin Ridler
Frederico Roquet Jalmar
Company Credit Score=94 Industry Average Credit Score=53 Business DescriptionContract Manufacturing Of Cereal-based Food Products.
Credit Control Parent & Subsidiaries Reg No Assets Turnover
Ultimate Parent:Kellogg Company
Parent:Kellogg Group Sarl
Saragusa Frozen Foods Limited 01364101 £ 20,901,000
Kelmill Limited 01580322
(Plus A Total Of 6 Others)
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 1344 1343 1285 1391 1502
Credit Given (Days) Credit Taken (Days) Balance Land & Buildings 112,857,000 113,281,000 118,549,000 119,464,000 121,068,000
Sheet Fixtures & Fittings
Debt Ratio & Current Ratio Plant & Vehicles 75,547,000 76,082,000 81,387,000 100,816,000 117,947,000Other Tangible Assets
Total Tangible Assets 188,404,000 189,363,000 199,936,000 220,280,000 239,015,000
Intangible Assets
Investments 185,000 185,000 206,000 206,000 206,000
Total Fixed Assets 188,589,000 189,548,000 200,142,000 220,486,000 239,221,000
Stock 5,992,000 6,158,000 5,960,000 5,785,000 7,016,000
Debtors
Cash & Liquid Assets
Other Current Assets 75,048,000 55,647,000 144,981,000 101,124,000 104,510,000
Total Current Assets 81,040,000 61,805,000 150,941,000 106,909,000 111,526,000
Trade Creditors 10,078,000 14,243,000
Company Debt Ratio Industry Average Debt Ratio Bank Loans & Overdrafts
Company Current Ratio Industry Average Current Ratio Other Current Liabilities 161,562,000 140,827,000 137,018,000 119,642,000 139,705,000
Total Current Liabilities 171,640,000 155,070,000 137,018,000 119,642,000 139,705,000
Turnover Growth (% of 2005) Working Capital -90,600,000 -93,265,000 13,923,000 -12,733,000 -28,179,000Net Assets 97,989,000 96,283,000 214,065,000 207,753,000 211,042,000
Group Loans
Other Long Term Loans 2,048,000 5,990,000 9,733,000
Long Term Loans 2,048,000 5,990,000 9,733,000
Other Long Term Liabilities 31,994,000 28,675,000 65,851,000 61,962,000 60,451,000
Issued Capital 1,000 1,000 1,000 1,000 1,000
Retained Earnings 65,580,000 67,419,000 145,977,000 139,612,000 140,669,000
Revaluation Reserve
Other Reserves 414,000 188,000 188,000 188,000 188,000
Shareholder Funds 65,995,000 67,608,000 146,166,000 139,801,000 140,858,000
Capital Employed 97,989,000 96,283,000 214,065,000 207,753,000 211,042,000
Company Turnover Industry Average Turnover Profit Turnover 138,065,000 130,183,000 127,611,000 127,208,000 126,816,000
& Loss Cost Of Goods Sold 134,454,000 117,119,000 126,426,000 120,946,000
Turnover Analysis (Estimate in £M's) Statement Gross Profit 3,611,000 10,492,000 782,000 5,870,000
Administrative Expenses 6,000 120,191,000
Operating Profit 3,605,000 9,992,000 10,492,000 782,000 5,870,000
Exceptional Items
Non-trading Income 27,000 22,000 32,000
Profit Before Interest & Tax 3,605,000 10,019,000 10,492,000 804,000 5,902,000
Net Interest 357,000 553,000 748,000
Pre-tax Profit 3,605,000 9,861,000 10,135,000 251,000 5,154,000
Tax Paid 5,168,000 2,480,000 3,770,000 1,308,000 767,000
Profit After Tax -1,563,000 7,381,000 6,365,000 -1,057,000 4,387,000
Extraordinary Items
Company Turnover Turnover Analysis Using Debtors Minority Interests
Turnover Analysis Using Stock Turnover Analysis Using Fixed Assets Dividends
Retained Profit -1,563,000 7,381,000 6,365,000 -1,057,000 4,387,000
Sales Per Employee (£000's) Notes to ExportsAccounts Director Remuneration 577,000 505,000 340,000 310,000 234,000
Highest Paid Director 184,000 205,000 125,000 128,000 108,000
Employee Remuneration 64,708,000 57,231,000 55,863,000 61,018,000 59,625,000
Audit Fee 39,000 82,000 41,000 38,000 30,000
Flow of Profit Generated 3,605,000 9,861,000 10,135,000 251,000
Funds Depreciation 21,916,000 20,160,000 37,780,000 31,195,000
Statement Change In Debtors
Change In Creditors -4,165,000 14,243,000
Change In Stock 166,000 -198,000 -175,000 1,231,000
Operating Cash Flow 21,522,000 44,066,000 47,740,000 32,677,000
Company Sales/Employee Industry Average Sales/Employee Ratio Gross Profit Margin (%) 2.61 / 29.61 / 29.38 8.22 / 29.37 0.62 / 29.06 4.63 / 24.34
Analysis Operating Profit Margin (%) 2.61 / 5.63 7.68 / 3.79 8.22 / 5.93 0.62 / 6.67 4.63 / -0.66
(Co / Ind PBIT Margin (%) 2.61 / 6.71 7.70 / 4.51 8.22 / 6.64 0.63 / 7.31 4.65 / 0.04Profit Margins (%)
Ave) Return On Total Assets (%) 1.34 / 10.34 3.99 / -3.00 2.99 / 11.74 0.25 / 11.82 1.68 / -1.15
Return On Equity (%) -2.37 / 13.78 10.92 / -10.49 4.36 / 13.91 -0.76 / 18.18 3.11 / 5.73
Current Ratio 0.47 / 1.44 0.40 / 1.65 1.10 / 1.62 0.89 / 1.14 0.80 / 1.28
Quick Ratio 0.44 / 1.16 0.36 / 1.47 1.06 / 1.36 0.85 / 0.88 0.75 / 1.16
Debt Ratio 0.76 / 0.50 0.73 / 0.54 0.58 / 0.48 0.57 / 0.59 0.60 / 0.61
Times Interest Earned / 15.79 28.06 / 18.36 18.97 / 26.25 1.07 / 16.60 / 13.48
Credit Given (Days) / 30 / 35 / 30 / 33 / 49
Credit Taken (Days) 27 / 34 / 37 / 25 / 29 / 36
Fixed Asset Turnover 0.73 / 0.36 0.69 / 0.41 0.64 / 0.58 0.58 / 0.52 0.53 / 0.73
Stock Turnover 23.04 / 11.15 21.14 / 13.19 21.41 / 12.77 21.99 / 9.59 18.08 / 14.99
Debtor Turnover / 11.96 / 10.06 / 12.09 / 11.18 / 7.12
Company Operating Margin Industry Average Operating Margin Sales Per Employee (£000's) 103 / 339 97 / 346 99 / 390 91 / 428 84 / 466
Company Gross Margin Industry Average Gross Margin Average Wage (£000's) 48 / 36 43 / 37 43 / 36 44 / 34 40 / 42
Growth In Sales (%) 6.06 2.02 0.32 0.31
Growth In Employees (%) 0.07 4.51 -7.62 -7.39
36 | Chapter Four Company Accounts
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