Castle Dairies Limited

Castle Dairies Ltd, a family business based in Caerphilly, UK, is a substantial player in the dairy industry, having operated for 38 years. The company employs 106 people and boasts assets of £10.2 million, generating an annual revenue of £54.6 million. With three directors and two owners, Castle Dairies maintains a real address and holds a respectable Google rating of 4.0 based on 20 reviews. They are regular importers of plastics and plastic products, having imported for 48 months, and occasionally export machinery and mechanical appliances.

The company's website doesn't provide much insight into their online presence, suggesting a focus on business-to-business sales rather than direct consumer engagement. This is likely why there isn’t a strong e-commerce component.

Castle Dairies’ financial health presents a mixed picture. While turnover remained stable at £54.6 million, net assets decreased by 21%, dropping to £7.7 million. Bank borrowings increased significantly by 1,200%, reaching £1.7 million, and cash reserves declined by 50% to £48,000. Creditors also increased by 34%, suggesting a need to manage short-term liabilities. The company meets the criteria to be considered a large business, having met two of three conditions: turnover exceeding £36 million and a balance sheet total exceeding £18 million. The absence of an auditor mentioned likely reflects their exemption as a small company.

The increase in bank borrowings, coupled with the decrease in cash reserves, suggests Castle Dairies may be burning through money. However, the stable turnover indicates a continuing demand for their products. The increase in creditors could be a result of increased purchasing to meet that demand, or perhaps a sign of cash flow challenges. The directors list was changed four months ago, which is a good sign for potential investors.

Registered in England/Wales under the registration number 02028054, with a registered address at CF83 3HU, Caerphilly, 36 Sir Alfred Owen Way, Pontygwindy Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.