Ryecroft Foods Limited
Credit Worthiness Registered Office Trading Address & Tel Reg No & Incorp DateWeetabix Mills Weetabix Mills Reg No: 01770169
High credit score numbers denote
more credit worthiness. Please Burton Latimer Burton Latimer Incorp Date: 15/11/1983
exercise caution when using this type Kettering Northants Kettering Northants Previous Name:
of information. NN15 5JR NN15 5JR
County Court Judgments In Last Six
Years: Directors & Co Secretary Shareholders
TOT NO = Richard William George Weetabix Limited 24,000 Ord £1; 2,667 Ord A #1
TOT GBP = £0 Richard William Thomas Martin
Richard William Thomas Martin
Suggested Credit Limit: £239,384 Kenneth Leslie Wood
Company Credit Score=91 Industry Average Credit Score=53 Business DescriptionManufacture Of Breakfast Cereals.
Credit Control Parent & Subsidiaries Reg No Assets Turnover
Ultimate Parent:Latimer Group Limited 04966642 £ 653,597,000 £ 372,432,000
Parent:Weetabix Limited 00267687 £ 411,910,000 £ 279,758,000
year end 31/12/06 31/12/05 31/12/04 31/07/03 31/07/02
consolidated No No No No No
number of months 12 12 17 12 12
number of employees 174 178 188 195 224
Credit Given (Days) Credit Taken (Days) Balance Land & Buildings 3,200,000 3,340,000 3,475,000 3,571,000 3,236,000
Sheet Fixtures & Fittings
Debt Ratio & Current Ratio Plant & Vehicles 3,062,000 3,555,000 4,127,000 4,785,000 4,934,000Other Tangible Assets
Total Tangible Assets 6,262,000 6,895,000 7,602,000 8,356,000 8,170,000
Intangible Assets
Investments
Total Fixed Assets 6,262,000 6,895,000 7,602,000 8,356,000 8,170,000
Stock 507,000 551,000 638,000 607,000 674,000
Debtors 158,000 125,000 206,000 350,000 285,000
Cash & Liquid Assets 8,805,000 1,563,000 3,796,000 1,264,000 1,071,000
Other Current Assets 5,376,000 8,769,000 1,904,000 1,808,000 1,844,000
Total Current Assets 14,846,000 11,008,000 6,544,000 4,029,000 3,874,000
Trade Creditors 742,000 829,000 678,000 735,000 656,000
Company Debt Ratio Industry Average Debt Ratio Bank Loans & Overdrafts
Company Current Ratio Industry Average Current Ratio Other Current Liabilities 220,000 244,000 709,000 559,000 536,000
Total Current Liabilities 962,000 1,073,000 1,387,000 1,294,000 1,192,000
Turnover Growth (% of 2005) Working Capital 13,884,000 9,935,000 5,157,000 2,735,000 2,682,000Net Assets 20,146,000 16,830,000 12,759,000 11,091,000 10,852,000
Group Loans 548,000 2,128,000
Other Long Term Loans
Long Term Loans 548,000 2,128,000
Other Long Term Liabilities 448,000 459,000 682,000 720,000 699,000
Issued Capital 27,000 27,000 27,000 27,000 27,000
Retained Earnings 18,437,000 15,068,000 10,731,000 8,411,000 6,570,000
Revaluation Reserve 656,000 698,000 740,000 807,000 849,000
Other Reserves 578,000 578,000 579,000 578,000 579,000
Shareholder Funds 19,698,000 16,371,000 12,077,000 9,823,000 8,025,000
Capital Employed 20,146,000 16,830,000 12,759,000 11,091,000 10,852,000
Company Turnover Industry Average Turnover Profit Turnover 18,491,000 18,956,000 24,492,000 17,676,000 16,853,000
& Loss Cost Of Goods Sold 13,337,000 13,906,000 18,696,000 13,176,000 13,210,000
Turnover Analysis (Estimate in £M's) Statement Gross Profit 5,154,000 5,050,000 5,796,000 4,500,000 3,643,000
Administrative Expenses 1,898,000 1,968,000 2,597,000 1,944,000 1,935,000
Operating Profit 3,256,000 3,082,000 3,199,000 2,557,000 1,708,000
Exceptional Items
Non-trading Income 60,000 1,000 2,000
Profit Before Interest & Tax 3,316,000 3,083,000 3,200,000 2,557,000 1,708,000
Net Interest
Pre-tax Profit 3,316,000 3,083,000 3,200,000 2,557,000 1,708,000
Tax Paid -11,000 -1,212,000 947,000 758,000 503,000
Profit After Tax 3,327,000 4,295,000 2,253,000 1,799,000 1,205,000
Extraordinary Items
Company Turnover Turnover Analysis Using Debtors Minority Interests
Turnover Analysis Using Stock Turnover Analysis Using Fixed Assets Dividends
Retained Profit 3,327,000 4,295,000 2,253,000 1,798,000 1,205,000
Sales Per Employee (£000's) Notes to ExportsAccounts Director Remuneration
Highest Paid Director
Employee Remuneration 3,892,000 3,670,000 5,142,000 3,636,000 3,814,000
Audit Fee 20,000 15,000 15,000 11,000 10,000
Flow of Profit Generated 3,316,000 3,083,000 3,200,000 2,557,000
Funds Depreciation 747,000 805,000 1,307,000 814,000
Statement Change In Debtors -33,000 81,000 144,000 -65,000
Change In Creditors -87,000 151,000 -57,000 79,000
Change In Stock 44,000 87,000 -31,000 67,000
Operating Cash Flow 3,987,000 4,207,000 4,563,000 3,452,000
Company Sales/Employee Industry Average Sales/Employee Ratio Gross Profit Margin (%) 27.87 / 29.61 26.64 / 29.38 23.66 / 29.37 25.46 / 29.06 21.62 / 24.34
Analysis Operating Profit Margin (%) 17.61 / 5.63 16.26 / 3.79 13.06 / 5.93 14.47 / 6.67 10.14 / -0.66
(Co / Ind PBIT Margin (%) 17.93 / 6.71 16.26 / 4.51 13.06 / 6.64 14.47 / 7.31 10.14 / 0.04Profit Margins (%)
Ave) Return On Total Assets (%) 15.71 / 10.34 17.22 / -3.00 22.62 / 11.74 20.65 / 11.82 14.18 / -1.15
Return On Equity (%) 16.89 / 13.78 26.23 / -10.49 18.66 / 13.91 18.31 / 18.18 15.02 / 5.73
Current Ratio 15.43 / 1.44 10.26 / 1.65 4.72 / 1.62 3.11 / 1.14 3.25 / 1.28
Quick Ratio 14.91 / 1.16 9.75 / 1.47 4.26 / 1.36 2.64 / 0.88 2.68 / 1.16
Debt Ratio 0.07 / 0.50 0.09 / 0.54 0.15 / 0.48 0.21 / 0.59 0.33 / 0.61
Times Interest Earned / 15.79 / 18.36 / 26.25 / 16.60 / 13.48
Credit Given (Days) 3 / 30 2 / 35 3 / 30 7 / 33 6 / 49
Credit Taken (Days) 20 / 34 22 / 37 13 / 25 20 / 29 18 / 36
Fixed Asset Turnover 2.95 / 0.36 2.75 / 0.41 3.22 / 0.58 2.12 / 0.52 2.06 / 0.73
Stock Turnover 36.47 / 11.15 34.40 / 13.19 38.39 / 12.77 29.12 / 9.59 25.00 / 14.99
Debtor Turnover 117.03 / 11.96 151.65 / 10.06 118.89 / 12.09 50.50 / 11.18 59.13 / 7.12
Company Operating Margin Industry Average Operating Margin Sales Per Employee (£000's) 106 / 339 106 / 346 130 / 390 91 / 428 75 / 466
Company Gross Margin Industry Average Gross Margin Average Wage (£000's) 22 / 36 21 / 37 27 / 36 19 / 34 17 / 42
Growth In Sales (%) -2.45 -22.60 38.56 4.88
Growth In Employees (%) -2.25 -5.32 -3.59 -12.95
42 | Chapter Four Company Accounts
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