Creed Foodservice Limited

Private Limited Company · North Shields

ActiveUnited KingdomIncorporated 1972Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Company accounts

Net assets

£16,106,000

Cash

—

Turnover

£169,934,000

Profit / loss

£7,153,000

Current assets

£40,782,000

Creditors < 1 year

£31,432,000

Equity

£16,106,000

Average employees

466

Balance-sheet trend

GBP · company

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

3 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-31Company · AI-read	2024-12-30Company · AI-read	2024-10-31Company · AI-read
Balance sheet
Net assets	£16,106,000	—	£16,963,000
Equity	£16,106,000	—	£16,963,000
Share capital	£1,000	—	£1,000
Retained earnings	£15,627,000	—	£16,474,000
Assets
Fixed assets	£14,533,000	—	£14,240,000
Intangible assets	£123,000	—	£123,000
Property, plant & equipment	£5,166,000	—	£5,663,000
Current assets	£40,782,000	—	£37,446,000
Cash at bank	—	—	£3,767,000
Debtors	£33,791,000	—	£26,645,000
Stock	£6,991,000	—	£7,034,000
Liabilities
Creditors within one year	£31,432,000	—	£27,665,000
Creditors after one year	£7,319,000	—	£6,528,000
Provisions	£458,000	—	£530,000
Net current assets	£9,350,000	—	£9,781,000
Assets less current liabilities	£23,883,000	—	£24,021,000
Profit & loss
Turnover	£169,934,000	—	£112,534,000
Cost of sales	£123,521,000	—	£81,274,000
Gross profit	£46,413,000	—	£31,260,000
Distribution costs	£23,687,000	—	£14,093,000
Administrative expenses	£13,390,000	—	£12,082,000
Other operating income	£1,311,000	—	£780,000
Operating profit	£10,647,000	—	£5,865,000
Interest receivable	—	—	£226,000
Interest payable	£1,076,000	—	£425,000
Profit before tax	£9,571,000	—	£5,666,000
Tax	£2,418,000	—	£1,565,000
Profit / loss	£7,153,000	—	£4,101,000
Operating costs
Operating lease charges	£1,126,000	—	£727,000
Audit fees	£58,000	—	£47,000
People & pay
Average employees	466	—	458
Staff costs	£23,189,000	—	£16,048,000
Wages & salaries	£20,256,000	—	£14,278,000
Social security costs	£2,396,000	—	£1,334,000
Pension costs	£537,000	—	£436,000
Directors' remuneration	£1,308,000	£839,000	—
Highest paid director	£306,000,000	—	—
Source evidence	View filing	View filing	View filing

From the accounts

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Audit opinion: Clean (unmodified)
Accounts: FRS 101
Approved: 2026-04-30, signed by B Maxted

Turnover by segment (2)

United Kingdom: 169,934 (000s) (2025-12-31)
United Kingdom: 112,534 (000s) (2024-10-31)

Related parties (10)

Brickhampton LLP · Limited liability partnership in which some Directors of Creed Foodservice Limited are designated members · Sales to Brickhampton LLP · £224,433
Brickhampton LLP · Limited liability partnership in which some Directors of Creed Foodservice Limited are designated members · Sales to Brickhampton LLP · £134,590
Brickhampton LLP · Limited liability partnership in which some Directors of Creed Foodservice Limited are designated members · Purchases from Brickhampton LLP relating to use of facilities · £35,748
Brickhampton LLP · Limited liability partnership in which some Directors of Creed Foodservice Limited are designated members · Purchases from Brickhampton LLP relating to use of facilities · £26,026
Brickhampton LLP · Limited liability partnership in which some Directors of Creed Foodservice Limited are designated members · Amount owed to Creed Foodservice Limited at period end · £16,489
Brickhampton LLP · Limited liability partnership in which some Directors of Creed Foodservice Limited are designated members · Amount owed to Creed Foodservice Limited at period end · £27,756
The Creed Catering Supplies Executive Pension scheme · Scheme in which Company Directors CS Creed is a member and trustee · Rent charged for three properties · £126,175
The Creed Catering Supplies Executive Pension scheme · Scheme in which Company Directors CS Creed is a member and trustee · Rent charged for three properties · £149,649
Directors and related parties · Interest paid on loans · £nil
Directors and related parties · Interest paid on loans · 17,911

Events after the year end (4)

On 22 January 2026, the Boards of Kitwave and OEP Capital Advisors (via Kite UK BidCo Limited) announced agreement on the terms of a recommended cash acquisition of Kitwave at 295 pence per Kitwave share.
On 10 March 2026, the High Court of Justice in England and Wales sanctioned the scheme, which became effective on 12 March 2026.
Following the acquisition, the shares in Kitwave were delisted from AIM on 13 March 2026, and the ultimate parent company of the Company is now Kite UK Topco Limited.
The acquisition was funded through an equity investment and a £117,500,000 term loan, with an option to draw a further £25,000,000; after completion, the £40,000,000 revolving credit facility was repaid and the confidential invoice discounting facility was retained at £52,500,000.