Weetabix Limited
Credit Worthiness Registered Office Trading Address & Tel Reg No & Incorp DateWeetabix Mills Weetabix Mills Reg No: 00267687
High credit score numbers denote
more credit worthiness. Please Burton Latimer Burton Latimer Incorp Date: 13/08/1932
exercise caution when using this type Kettering Northants Kettering Northants Previous Name:
of information. NN15 5JR NN15 5JR
01536 - 722181 01536 - 722181County Court Judgments In Last Six
Years: Directors & Co Secretary Shareholders
TOT NO = John Michael Evoy David Revell B.L. Marketing Limited 16,800 Ord £1; 11,808,817 Ord A 25p
TOT GBP = £0 Richard William George Kenneth Leslie Wood
Richard William Thomas Martin
Suggested Credit Limit: £999,999 Richard William Thomas Martin
Duncan Alec Mcintyre
Company Credit Score=93 Industry Average Credit Score=53 Business DescriptionManufacture And Marketing Of Cereals And Other Cereal Based Food Products.
Credit Control Parent & Subsidiaries Reg No Assets Turnover
Ultimate Parent:Latimer Group Limited 04966642 £ 653,597,000 £ 372,432,000
Parent:Latimer Acquisitions Limited 04966641 £ 673,632,000
Ryecroft Foods Limited 01770169 £ 21,108,000 £ 18,491,000
Vibixa Limited 00314793 £ 24,474,000 £ 14,829,000
(Plus A Total Of 6 Others)
year end 31/12/06 31/12/05 31/12/04 31/07/03 31/07/02
consolidated No No No Yes Yes
number of months 12 12 17 12 12
number of employees 1481 1612 1655 2843 2813
Credit Given (Days) Credit Taken (Days) Balance Land & Buildings 39,540,000 40,881,000 41,784,000 66,731,000 65,092,000
Sheet Fixtures & Fittings
Debt Ratio & Current Ratio Plant & Vehicles 67,430,000 72,780,000 78,938,000 119,309,000 126,560,000Other Tangible Assets
Total Tangible Assets 106,970,000 113,661,000 120,722,000 186,040,000 191,652,000
Intangible Assets 854,000 2,232,000 2,324,000
Investments 35,976,000 39,734,000 41,095,000 5,401,000 5,230,000
Total Fixed Assets 143,800,000 153,395,000 161,817,000 193,673,000 199,206,000
Stock 12,234,000 11,708,000 15,869,000 23,581,000 22,843,000
Debtors 22,225,000 16,465,000 19,437,000 27,591,000 24,544,000
Cash & Liquid Assets 14,062,000 3,474,000 24,083,000 109,144,000 80,080,000
Other Current Assets 219,589,000 183,408,000 147,880,000 4,826,000 4,338,000
Total Current Assets 268,110,000 215,055,000 207,269,000 165,142,000 131,805,000
Trade Creditors 22,536,000 19,288,000 17,451,000 20,380,000 17,482,000
Company Debt Ratio Industry Average Debt Ratio Bank Loans & Overdrafts 160,000
Company Current Ratio Industry Average Current Ratio Other Current Liabilities 43,633,000 46,293,000 53,101,000 22,837,000 25,879,000
Total Current Liabilities 66,169,000 65,581,000 70,552,000 43,217,000 43,521,000
Turnover Growth (% of 2005) Working Capital 201,941,000 149,474,000 136,717,000 121,925,000 88,284,000Net Assets 345,741,000 302,869,000 298,534,000 315,598,000 287,490,000
Group Loans
Other Long Term Loans 2,367,000 2,501,000
Long Term Loans 2,367,000 2,501,000
Other Long Term Liabilities 9,594,000 26,274,000 42,685,000 51,745,000 45,016,000
Issued Capital 2,969,000 2,969,000 2,969,000 2,977,000 2,977,000
Retained Earnings 329,408,000 269,585,000 248,704,000 252,549,000 230,888,000
Revaluation Reserve 3,647,000 3,918,000 4,053,000 5,845,000 5,993,000
Other Reserves 123,000 123,000 123,000 115,000 115,000
Shareholder Funds 336,147,000 276,595,000 255,849,000 261,486,000 239,973,000
Capital Employed 345,741,000 302,869,000 298,534,000 315,598,000 287,490,000
Company Turnover Industry Average Turnover Profit Turnover 279,758,000 259,660,000 344,535,000 382,742,000 361,627,000
& Loss Cost Of Goods Sold 180,005,000 173,244,000 237,091,000 293,537,000 283,592,000
Turnover Analysis (Estimate in £M's) Statement Gross Profit 99,753,000 86,416,000 107,444,000 89,205,000 78,035,000
Administrative Expenses 29,633,000 28,443,000 41,215,000 44,596,000 38,560,000
Operating Profit 70,120,000 57,973,000 66,229,000 44,609,000 39,475,000
Exceptional Items -1,463,000 -5,677,000 -8,601,000 20,000
Non-trading Income 3,508,000 3,648,000 7,316,000 18,438,000 5,168,000
Profit Before Interest & Tax 72,165,000 55,944,000 64,944,000 63,047,000 44,663,000
Net Interest 410,000 22,000 74,000
Pre-tax Profit 71,755,000 55,922,000 64,870,000 50,576,000 44,468,000
Tax Paid 5,551,000 -21,231,000 21,500,000 16,049,000 11,781,000
Profit After Tax 66,204,000 77,153,000 43,370,000 34,527,000 32,687,000
Extraordinary Items
Company Turnover Turnover Analysis Using Debtors Minority Interests
Turnover Analysis Using Stock Turnover Analysis Using Fixed Assets Dividends 23,333,000 47,300,000 11,878,000 2,376,000 9,354,000
Retained Profit 42,871,000 29,853,000 31,492,000 32,151,000 23,333,000
Sales Per Employee (£000's) Notes to Exports 41,513,000 62,773,000 156,805,000 140,893,000Accounts Director Remuneration 1,720,000 2,099,000 2,674,000 2,466,000 1,985,000
Highest Paid Director 663,000 624,000 746,000 1,512,000 1,328,000
Employee Remuneration 56,896,000 54,738,000 78,876,000 82,484,000 77,517,000
Audit Fee 150,000 160,000 135,000 241,000 114,000
Flow of Profit Generated 71,755,000 55,922,000 64,870,000 50,576,000
Funds Depreciation 11,279,000 11,457,000 16,674,000 20,436,000
Statement Change In Debtors -5,760,000 2,972,000 8,154,000 -3,047,000
Change In Creditors 3,248,000 1,837,000 -2,929,000 2,898,000
Change In Stock -526,000 4,161,000 7,712,000 -738,000
Operating Cash Flow 79,996,000 76,349,000 94,481,000 70,125,000
Company Sales/Employee Industry Average Sales/Employee Ratio Gross Profit Margin (%) 35.66 / 29.61 33.28 / 29.38 31.19 / 29.37 23.31 / 29.06 21.58 / 24.34
Analysis Operating Profit Margin (%) 25.06 / 5.63 22.33 / 3.79 19.22 / 5.93 11.66 / 6.67 10.92 / -0.66
(Co / Ind PBIT Margin (%) 25.80 / 6.71 21.54 / 4.51 18.85 / 6.64 16.47 / 7.31 12.35 / 0.04Profit Margins (%)
Ave) Return On Total Assets (%) 17.52 / 10.34 15.18 / -3.00 17.60 / 11.74 17.57 / 11.82 13.49 / -1.15
Return On Equity (%) 19.70 / 13.78 27.89 / -10.49 16.95 / 13.91 13.20 / 18.18 13.62 / 5.73
Current Ratio 4.05 / 1.44 3.28 / 1.65 2.94 / 1.62 3.82 / 1.14 3.03 / 1.28
Quick Ratio 3.87 / 1.16 3.10 / 1.47 2.71 / 1.36 3.28 / 0.88 2.50 / 1.16
Debt Ratio 0.18 / 0.50 0.25 / 0.54 0.31 / 0.48 0.27 / 0.59 0.28 / 0.61
Times Interest Earned 176.01 / 15.79 2,542.91 / 18.36 877.62 / 26.25 / 16.60 / 13.48
Credit Given (Days) 29 / 30 23 / 35 21 / 30 26 / 33 25 / 49
Credit Taken (Days) 46 / 34 41 / 37 27 / 25 25 / 29 23 / 36
Fixed Asset Turnover 1.95 / 0.36 1.69 / 0.41 2.13 / 0.58 1.98 / 0.52 1.82 / 0.73
Stock Turnover 22.87 / 11.15 22.18 / 13.19 21.71 / 12.77 16.23 / 9.59 15.83 / 14.99
Debtor Turnover 12.59 / 11.96 15.77 / 10.06 17.73 / 12.09 13.87 / 11.18 14.73 / 7.12
Company Operating Margin Industry Average Operating Margin Sales Per Employee (£000's) 189 / 339 161 / 346 208 / 390 135 / 428 129 / 466
Company Gross Margin Industry Average Gross Margin Average Wage (£000's) 38 / 36 34 / 37 48 / 36 29 / 34 28 / 42
Growth In Sales (%) 7.74 -24.63 -9.98 5.84
Growth In Employees (%) -8.13 -2.60 -41.79 1.07
Chapter Four Company Accounts | 45
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