How much does Mortons Dairies Limited make?

Mortons Dairies Limited reported revenue of £21.6m and a loss of £1.1m in the year to 28 Feb 2023, according to its accounts filed at Companies House.

How many employees does Mortons Dairies Limited have?

Mortons Dairies Limited reported an average of 175 employees in the year to 28 Feb 2023.

Is Mortons Dairies Limited profitable?

No — Mortons Dairies Limited reported a loss of £1.1m in the year to 28 Feb 2023.

Company No. 01377957 · Incorporated 11 Jul 1978

Mortons Dairies Limited

Registered name: MORTONS DAIRIES LIMITED

Part of Harrisons Dairies Ltd group

Mortons Dairies Limited made £21.6m revenue and a £1.1m loss in the year to 28 Feb 2023.

Mortons Dairies Limited’s revenue grew 13% to £21.6m in the year to 28 Feb 2023, with a loss of £1.1m and 175 employees. The company is classified under “liquid milk and cream production” and is based in Preston; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10511Liquid milk and cream production

Status: Liquidation
Location: Preston, North West
Age: 48 yrs · since 1978
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.

Latest accounts · year to 28 Feb 2023

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£21.6m

Growth ▲13.4%

Profit

−£1.1m

Growth ▼950.1%

Profit margin

−5%

Gross 30.6%

Employees

175

Change ▼3.9%

Profit / employee

−£6.1k

Revenue/employee £123k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2022	28 Feb 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19m	£21.6m
Cost of sales	£11.6m	£15m
Gross profit	£7.4m	£6.6m
Operating profit	£319k	−£1m
Profit before tax	£168k	−£1.2m
Profit after tax	£126k	−£1.1m
Profit (best available)	£126k	−£1.1m
Employees (average)	182	175
Ratios
Profit margin	0.7%	−5%
Gross margin	38.9%	30.6%
Revenue per employee	£104k	£123k
Profit per employee	£694	−£6.1k
Cash conversion	−293.6%	—
Growth (year on year)
Revenue growth	—	▲13.4%
Profit growth	—	▼950.1%
Headcount growth	—	▼3.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£704k	£874k
Net assets	£3.7m	£2.6m
Fixed assets	£2.4m	£795k
Current assets	£2.8m	£3.5m
Debtors	£1.3m	£1.7m
Cash from operations	−£936k	£816k
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: −5%; Profit ÷ revenue.
Gross margin: 30.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £123k; Revenue ÷ average employees.
Profit per employee: −£6.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼29%; Now £2.6m
Cash at bank: ▲24%; Now £874k
Headcount: ▼4%; Now 175
Deferred income: —; Now —
Fixed assets: ▼67%; Now £795k

Corporate ownership

Group structure

Ownership chain

Harrisons Dairies Ltd (registered outside the UK register)ultimate parent75–100%
Mortons Dairies Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2023 (profit −£1.1m), from the Companies House accounts bulk data published Nov 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.