THE FIRST MILK CHEESE COMPANY LIMITED

THE LAKE DISTRICT CREAMERY STATION ROAD, ASPATRIA, WIGTON, CUMBRIA, CA7 2AR

Previous name: GRASSFLIP LIMITED (changed on 16-Oct-2006)

Company Number: 05893846
Incorporation date: 02-Aug-2006
Status: Active
Entity type: Private Limited Company

SIC codes:
10512 Butter and cheese production





SUMMARY

This company is 17.7 years old and is currently active. It is controlled by First Milk Limited. The company has positive equity (net assets) of GBP 28.3 million which has increased from GBP 24.1 million in the previous year. The latest reported revenue figure is GBP 203.2 million which is similar to the previous year's figure of GBP 195.6 million. Retained earnings is negative (GBP -36.7 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 6 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2020 GBP 203,160,000 4,910,000 692,000 31,000 4,190,000
31-Mar-2019 GBP 195,601,000 1,379,000 1,254,000 128,000
31-Mar-2018 GBP 970,000 2,797,000
31-Mar-2017 GBP 2,196,000 5,673,000
31-Mar-2016 GBP 2,081,000 -7,332,000
31-Mar-2015 GBP 459 2,506,638 -1,259,825 -15,908,148
31-Mar-2014 GBP 306,800,934 -3,809,537 17,058 3,566,160 -7,358,639
31-Mar-2013 GBP 1,356 3,343,713 1,140,439 -11,015,477


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2020 GBP 10,527,000 73,269,000 28,000,000 -36,687,000 28,313,000
31-Mar-2019 GBP 197,000 69,582,000 28,000,000 -40,877,000 24,123,000
31-Mar-2018 GBP 109,000 67,920,000 28,000,000 -41,005,000 23,995,000
31-Mar-2017 GBP 1,660,000 61,066,000 28,000,000 -43,802,000 21,198,000
31-Mar-2016 GBP 225,000 54,923,000 52,668,000 28,000,000 -49,475,000 -21,475,000
31-Mar-2015 GBP 399,996 86,334,561 131,603,798 638,415 28,000,000 -41,880,222
31-Mar-2014 GBP 361,785 117,322,854 146,188,012 843,697 28,000,000 -25,972,074
31-Mar-2013 GBP 258,750 111,274,089 145,540,988 1,031,282 16,750,000 -18,613,435 -1,863,435

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2014 GBP 40.18% 11,250,000 16,750,000 28,000,000 23,002,222
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Angus John Somerville WAUGH 03 Aug 2006 28 Mar 2024 5 - 4

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Greg Stewart Iain JARDINE 30 Sep 2017 Cfo British 7 - 00 (0.0%)
Active Shelagh HANCOCK 01 Apr 2017 Chief Executive British 1 - 00 (0.0%)
Resigned Owen Matthew SHEARER 24 Feb 2017 30 Sep 2017 Finance Director British 3 - 193 (13.6%)
Resigned Kenneth BAIN 30 Oct 2015 16 Jun 2017 Operations Director British 0 - 40 (0.0%)
Resigned Brian Robert MACKIE 30 Sep 2015 24 Feb 2017 Company Director British 3 - 6835 (49.3%)
Resigned Mike GALLACHER 01 Apr 2015 01 Apr 2017 Chief Executive British 0 - 173 (17.6%)
Resigned Gerard SWEENEY 13 Feb 2013 30 Sep 2015 Group Finance Director British 8 - 5425 (40.3%)
Resigned Paul Andrew ROWE 09 Mar 2011 28 Jan 2015 Manufacturing Director British 0 - 50 (0.0%)
Resigned Kate ALLUM 09 Mar 2011 01 Apr 2015 Chief Executive British 0 - 121 (8.3%)
Resigned Ian Mackay FORGIE 08 Mar 2011 13 Feb 2013 Group Finance Director British 7 - 110 (0.0%)
Resigned Stephen Paul FAULKNER 08 Mar 2011 07 May 2014 Commercial Planning Director British 2 - 173 (15.8%)
Resigned Michael Henry HARTMAN 21 Dec 2007 13 May 2009 Company Director British 1 - 43 (60.0%)
Resigned John PARDY 18 Jun 2007 22 Feb 2008 Head Of Hr British 0 - 20 (0.0%)
Resigned Richard Norman HOLLINGDALE 21 Nov 2006 02 Apr 2013 Director British 1 - 142 (13.3%)
Resigned James Anthony MAGUIRE 07 Nov 2006 30 Jun 2010 Finance Director British 0 - 186 (33.3%)
Resigned Mark YOUDS 07 Nov 2006 13 Jun 2008 Operations Director British 0 - 41 (25.0%)
Resigned Jeffrey John HALLIWELL 07 Nov 2006 12 Nov 2008 Managing Director British 2 - 162 (11.1%)
Resigned Stephen Paul FAULKNER 21 Sep 2006 06 Aug 2007 Accountant British 2 - 173 (15.8%)
Resigned Peter HUMPHREYS 03 Aug 2006 14 Jan 2010 Director British 0 - 133 (23.1%)
Resigned SWIFT INCORPORATIONS LIMITED 02 Aug 2006 03 Aug 2006 3 - 8019634080 (42.5%)
Resigned INSTANT COMPANIES LIMITED 02 Aug 2006 03 Aug 2006 3 - 2790412621 (45.2%)
Number of active directors: 2
Average tenure of active directors: 6.7 years
Average tenure of resigned directors: 2.2 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
THE FIRST MILK CHEESE COMPANY LIMITED (05893846) - Active
FAST FORWARD FFW LIMITED (07706327) - Active
WINCOMBE LANE LIMITED (08721428) - Active
SCOTTISH MILK PRODUCTS LIMITED (SC169717) - Active
THE FIRST MILK SCOTTISH HIGHLANDS AND ISLANDS CHEESE COMPANY LIMITED (SC304600) - Active
FIRST MILK ENERGY LIMITED (SC415060) - Active
LAKE DISTRICT BIOGAS LIMITED (SC491828) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-08-022014-08-022013-08-022012-08-022011-08-02
FIRST MILK LIMITEDORDINARY16,750,000
59.8%
16,750,000
59.8%
16,750,000
100%
16,750,000
100%
16,750,000
100%
FIRST MILK LIMITEDORDINARY11,250,000
40.2%
11,250,000
40.2%
0
0%
0
0%
0
0%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

THE FIRST MILK CHEESE COMPANY LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-04-01 2023-09-30 46 21% 1% 76770
2022-10-01 2023-03-31 47 20% 1% 69934
2022-04-01 2022-09-30 45 17% 2% 63879
2021-10-01 2022-03-31 44 15% 72% 57606
2021-04-01 2021-09-30 51 20% 91% 51251
2020-10-01 2021-03-31 62 27% 97% 44562
2020-04-01 2020-09-30 59 28% 94% 37903
2019-10-01 2020-03-31 44 17% 92% 31034
2019-04-01 2019-09-30 42 13% 92% 23703
2018-10-01 2019-03-31 42 13% 91% 14835
2018-04-01 2018-09-30 50 10% 94% 7794


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 10512 Butter and cheese production)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
NESTLE UK LTD. NESTLE UK LTD., HAXBY ROAD, YORK, ENGLAND, YO31 8TA 00051491 2017-12-31 1,584,770,000 162,986,000 10821-Manufacture of cocoa and chocolate confectionery
10890-Manufacture of other food products not elsewhere classified
ORNUA FOODS UK LIMITED SUNNYHILLS ROAD, LEEK, STAFFORDSHIRE, ST13 5SP 00362221 2017-12-30 319,210,000 6,375,000
GLANBIA CHEESE LIMITED 4 ROYAL MEWS, GADBROOK PARK, RUDHEATH, NORTHWICH, CHESHIRE, CW9 7UD 02594981 2017-12-30 278,587,000 30,253,000
THE FIRST MILK CHEESE COMPANY LIMITED THE LAKE DISTRICT CREAMERY STATION ROAD, ASPATRIA, WIGTON, CUMBRIA, CA7 2AR 05893846 2018-03-31 189,964,000 2,797,000
UPFIELD FOODS UK LIMITED 14-21 RUSHWORTH STREET, LONDON, ENGLAND, SE1 0RB 09521994 2017-12-31 183,338,900 5,497,300
PARKHAM FARMS LIMITED ST JOHN'S HOUSE, CASTLE STREET, TAUNTON, SOMERSET, TA1 4AY 02226704 2017-11-30 30,559,627 0
ISLE OF KINTYRE LIMITED 26 KIRK STREET, CAMPBELTOWN, ARGYLL, PA28 6BL SC244957 2018-04-30 501,653 0
CAMBUS O'MAY CHEESE COMPANY LIMITED THE CREAMERY, CAMBUS O'MAY, BALLATER, ABERDEENSHIRE, AB35 5SD SC342988 2018-05-31 152,417 0
COLLIERS CORNISH CHEESE LTD. UNIT S ISLINGTON WHARF, CHURCH HILL, PENRYN, ENGLAND, TR10 8AJ 08919074 2018-03-31 30,154 0 46330-Wholesale of dairy products, eggs and edible oils and fats

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
THE FIRST MILK CHEESE COMPANY LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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