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THE FIRST MILK CHEESE COMPANY LIMITED
THE LAKE DISTRICT CREAMERY STATION ROAD, ASPATRIA, WIGTON, CUMBRIA, CA7 2ARPrevious 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-2024Accounts 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 0 | 0 (0.0%) | |
Active | Shelagh HANCOCK | 01 Apr 2017 | Chief Executive | British | 1 - 0 | 0 (0.0%) | |
Resigned | Owen Matthew SHEARER | 24 Feb 2017 | 30 Sep 2017 | Finance Director | British | 3 - 19 | 3 (13.6%) |
Resigned | Kenneth BAIN | 30 Oct 2015 | 16 Jun 2017 | Operations Director | British | 0 - 4 | 0 (0.0%) |
Resigned | Brian Robert MACKIE | 30 Sep 2015 | 24 Feb 2017 | Company Director | British | 3 - 68 | 35 (49.3%) |
Resigned | Mike GALLACHER | 01 Apr 2015 | 01 Apr 2017 | Chief Executive | British | 0 - 17 | 3 (17.6%) |
Resigned | Gerard SWEENEY | 13 Feb 2013 | 30 Sep 2015 | Group Finance Director | British | 8 - 54 | 25 (40.3%) |
Resigned | Paul Andrew ROWE | 09 Mar 2011 | 28 Jan 2015 | Manufacturing Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Kate ALLUM | 09 Mar 2011 | 01 Apr 2015 | Chief Executive | British | 0 - 12 | 1 (8.3%) |
Resigned | Ian Mackay FORGIE | 08 Mar 2011 | 13 Feb 2013 | Group Finance Director | British | 7 - 11 | 0 (0.0%) |
Resigned | Stephen Paul FAULKNER | 08 Mar 2011 | 07 May 2014 | Commercial Planning Director | British | 2 - 17 | 3 (15.8%) |
Resigned | Michael Henry HARTMAN | 21 Dec 2007 | 13 May 2009 | Company Director | British | 1 - 4 | 3 (60.0%) |
Resigned | John PARDY | 18 Jun 2007 | 22 Feb 2008 | Head Of Hr | British | 0 - 2 | 0 (0.0%) |
Resigned | Richard Norman HOLLINGDALE | 21 Nov 2006 | 02 Apr 2013 | Director | British | 1 - 14 | 2 (13.3%) |
Resigned | James Anthony MAGUIRE | 07 Nov 2006 | 30 Jun 2010 | Finance Director | British | 0 - 18 | 6 (33.3%) |
Resigned | Mark YOUDS | 07 Nov 2006 | 13 Jun 2008 | Operations Director | British | 0 - 4 | 1 (25.0%) |
Resigned | Jeffrey John HALLIWELL | 07 Nov 2006 | 12 Nov 2008 | Managing Director | British | 2 - 16 | 2 (11.1%) |
Resigned | Stephen Paul FAULKNER | 21 Sep 2006 | 06 Aug 2007 | Accountant | British | 2 - 17 | 3 (15.8%) |
Resigned | Peter HUMPHREYS | 03 Aug 2006 | 14 Jan 2010 | Director | British | 0 - 13 | 3 (23.1%) |
Resigned | SWIFT INCORPORATIONS LIMITED | 02 Aug 2006 | 03 Aug 2006 | 3 - 80196 | 34080 (42.5%) | ||
Resigned | INSTANT COMPANIES LIMITED | 02 Aug 2006 | 03 Aug 2006 | 3 - 27904 | 12621 (45.2%) |
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 | ||||
---|---|---|---|---|---|---|
2015-08-02 | 2014-08-02 | 2013-08-02 | 2012-08-02 | 2011-08-02 | ||
FIRST MILK LIMITED | ORDINARY | 16,750,000 59.8% | 16,750,000 59.8% | 16,750,000 100% | 16,750,000 100% | 16,750,000 100% |
FIRST MILK LIMITED | ORDINARY | 11,250,000 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 |