CREDITON DAIRY LIMITED
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Cash
£23m
-4% vs 2025
Net assets
£58m
+7% highest in 3 filed years
Employees
228
+4.1% highest in 3 filed years
Profit before tax
£9.5m
-30.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Staples median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-03
| Metric | Trend | 2023-12-30 | 2025-01-04 | 2026-01-03 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £111,269,000 | £131,310,000 | £137,620,000 | +4.8% | |
| Operating profit | £11,056,000 | £12,743,000 | £8,564,000 | -32.8% | |
| Profit before tax | £11,901,000 | £13,661,000 | £9,481,000 | -30.6% | |
| Net profit | £9,031,000 | £10,362,000 | £6,953,000 | -32.9% | |
| Cash | £18,933,000 | £24,133,000 | £23,169,000 | -4% | |
| Total assets less current liabilities | £48,298,000 | £57,463,000 | £61,779,000 | +7.5% | |
| Net assets | £46,016,000 | £54,228,000 | £58,014,000 | +7% | |
| Equity | £46,016,000 | £54,228,000 | £58,014,000 | +7% | |
| Average employees | 201 | 219 | 228 | +4.1% | |
| Wages | £9,649,000 | £11,306,000 | £11,829,000 | +4.6% | |
| Directors' remuneration | £315,000 | £356,000 | £316,000 | -11.2% | |
| Directors' pension contributions | £27,000 | £29,000 | £30,000 | +3.4% | |
| Highest paid director | £258,000 | £273,000 | £255,000 | -6.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-30 | 2025-01-04 | 2026-01-03 |
|---|---|---|---|---|
| Operating margin | 9.9% | 9.7% | 6.2% | |
| Net margin | 8.1% | 7.9% | 5.1% | |
| Return on capital employed | 22.9% | 22.2% | 13.9% | |
| Gearing (liabilities / total assets) | 31.7% | 32.3% | 27.7% | |
| Current ratio | 2.68x | 2.72x | 3.33x | |
| Interest cover | — | — | 87.39x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- CREDITON DAIRY LIMITED 2013-05-24 → present
- TAUNTON NO.1 LIMITED 2013-04-16 → 2013-05-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “During the year, Crediton Dairy launched new variants of customers impulse drinks and flavoured milks as well as reformulated exiting products to meet customer demands.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUME, Christopher James | Secretary | 2019-04-01 | — | — |
| KENNEDY, Neil Angus | Director | 2013-04-16 | Aug 1960 | British |
| SMIDDY, Timothy Noel | Director | 2013-05-13 | Dec 1969 | Irish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAWKES, Carolyn Jane | Secretary | 2015-10-13 | 2017-07-14 |
| MURRAY, Stephen Michael | Secretary | 2017-07-14 | 2019-03-15 |
| ROBERTSON, Mark | Director | 2017-11-01 | 2018-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Neil Angus Kennedy | Individual | Significant influence | 2026-04-29 | Active |
| Mr Timothy Noel Smiddy | Individual | Significant influence | 2026-04-29 | Active |
| Regal Holdings Unlimited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence (as firm) | 2023-12-14 | Ceased 2026-04-29 |
| Church Lane Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-12 | Ceased 2023-12-14 |
| Mr Neil Angus Kennedy | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-11-12 |
| Mr Timothy Noel Smiddy | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-11-12 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-12-07 MA Memorandum articles
- 2021-12-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-05-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-29 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-25 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-17 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-12-07 | MA | incorporation | Memorandum articles | |
| 2021-12-07 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.