Morning Foods,limited
Registered name: MORNING FOODS,LIMITED
Part of Agri Food Holdings Limited groupMorning Foods,limited made £284m revenue and £7.5m profit in the year to 31 Jul 2025.
Morning Foods,limited’s revenue was £284m in the year to 31 Jul 2025, with £7.5m profit and 302 employees. The company is classified under “grain milling” and is based in Crewe; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Crewe, North West
- Age
- 84 yrs · since 1942
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate and ultimate Parent Company is Agri Food Holdings Limited, a company incorporated in England and Wales,with a registered address of North Western Mills, Crewe, Cheshire, CW2 6HP. The par”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £285m | £284m |
| Cost of sales | — | £243m | £239m |
| Gross profit | — | £41.9m | £44.8m |
| Operating profit | — | £6m | £10m |
| Profit before tax | — | £6m | £10.2m |
| Profit after tax | £3.5m | £4.4m | £7.5m |
| Profit (best available) | £3.5m | £4.4m | £7.5m |
| Staff costs | — | £19.2m | £20.4m |
| Employees (average) | 270 | 281 | 302 |
| Ratios | |||
| Profit margin | — | 1.5% | 2.6% |
| Gross margin | — | 14.7% | 15.8% |
| Revenue per employee | — | £1m | £941k |
| Profit per employee | £13.1k | £15.6k | £24.9k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼0.4% |
| Profit growth | — | ▲23.6% | ▲71.5% |
| Headcount growth | — | ▲4.1% | ▲7.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £4.3m | £4.9m | £181k |
| Net assets | £61.3m | £65.7m | £71.7m |
| Fixed assets | £20.7m | £19.1m | £19.4m |
| Current assets | £63.8m | £73.6m | £74.9m |
| Debtors | £25.8m | £28.4m | £29.1m |
| Deferred income | £3.8m | £4.7m | £4.2m |
| Source | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 15.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £941k
- Revenue ÷ average employees.
- Profit per employee
- £24.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.2%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲9%
- Now £71.7m
- Cash at bank
- ▼96%
- Now £181k
- Headcount
- ▲7%
- Now 302
- Deferred income
- ▼10%
- Now £4.2m
- Fixed assets
- ▲2%
- Now £19.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Agri Food Holdings Limitedultimate parent75–100%
- Morning Foods,limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Mornflake Oats LimitedRev. £48.5m · Profit £2.1m
- Organic Oat Company LimitedFigures not disclosed
Sister companies (11)
- Buckley Foods LimitedRev. £39.7m · Profit £287k
- Hamlyns of Scotland LimitedRev. £27.5m · Profit −£129k
- Walter Brown & Son,limitedRev. £2.4m · Profit £22.1k
- 1675 Logistics LimitedRev. £1.2m · Profit £18.4k
- Mornflake Energy LimitedRev. £865k · Profit £358k
- Newport Silos LimitedRev. £517k · Profit £12.7k
- Grampian Oat Products LimitedFigures not disclosed
- Mighty Oats LimitedFigures not disclosed
- New Morning Foods LimitedFigures not disclosed
- Oso Natural Fuel LtdFigures not disclosed
- Wheelock Scientific Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £7.5m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Updated from Companies House on 11 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.