David Miller Frozen Foods Limited

Non-specialised wholesale of food, beverages and tobacco · North Shields

ActiveUnited KingdomIncorporated 1997Private Limited Company

Financial position

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

Net assets

£4,923,000

Cash

£99,000

Turnover

£57,638,000

Profit / loss

£201,000

Current assets

£9,067,000

Creditors < 1 year

£33,361,000

Equity

£4,923,000

Average employees

198

GBP · company

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

2 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	2024-10-31Company · AI-read
Balance sheet
Net assets	£4,923,000	£4,723,000
Equity	£4,923,000	£4,723,000
Share capital	£155,000	£155,000
Retained earnings	£4,768,000	£4,568,000
Assets
Fixed assets	£32,436,000	£27,532,000
Current assets	£9,067,000	£6,913,000
Cash at bank	£99,000	£790,000
Debtors	£6,186,000	£3,603,000
Stock	£2,782,000	£2,520,000
Liabilities
Creditors within one year	£33,361,000	£27,754,000
Creditors after one year	£2,888,000	£1,948,000
Provisions	£331,000	£20,000
Capital commitments	—	£225,000
Net current assets	−£24,294,000	−£20,841,000
Assets less current liabilities	£8,142,000	£6,691,000
Profit & loss
Turnover	£57,638,000	£31,244,000
Cost of sales	£40,425,000	£22,391,000
Gross profit	£17,213,000	£8,853,000
Distribution costs	£8,731,000	£4,411,000
Administrative expenses	£7,792,000	£3,095,000
Other operating income	£35,000	£3,489,000
Operating profit	£725,000	£4,836,000
Interest payable	£469,000	£178,000
Profit before tax	£256,000	£4,658,000
Tax	£55,000	£326,000
Profit / loss	£201,000	£4,332,000
Operating costs
Amortisation	£34,000	£6,000
Operating lease charges	£111,000	£292,000
Audit fees	£42,000	£33,000
People & pay
Average employees	198	133
Staff costs	£9,400,000	£4,547,000
Wages & salaries	£8,306,000	£4,107,000
Social security costs	£851,000	£341,000
Pension costs	£243,000	£99,000
Directors' remuneration	£419,000	£180,000
Source evidence	View filing	View filing

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

Subsidiaries (1)

Total Foodservice Solutions Limited · 100% · UK; Unit S3 Narvik Way Tyne Tunnel Trading Estate North Shields Tyne and Wear NE29 7XJ

Turnover by segment (2)

Borrowings (1)

Invoice discounting arrangement; advances secured against trade receivables · Margin of 1.75% · Repayable within 90 days of the invoice; committed facility expires in September 2029 · secured on Trade receivables

Events after the year end (5)

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 offer of 295 pence per Kitwave share, to be implemented by a court-sanctioned scheme of arrangement.
On 26 February 2026, the necessary resolutions to implement the acquisition were passed, subject to remaining conditions including court sanction.
On 10 March 2026, the High Court sanctioned the scheme, which became effective on 12 March 2026.
Following the acquisition, Kitwave shares were delisted from AIM on 13 March 2026; the ultimate parent 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; the £40,000,000 revolving credit facility was repaid and the confidential invoice discounting facility was retained at £52,500,000.