FDBusiness.com

Dairy Crest Left Chasing £4 Million Debt

 Breaking News
  • Millenials Adopt a Fouth Meal Culture There has been a 14% average annual growth in food and beverage launches with a snacking claim (Global, CAGR 2014- 2018), according to Innova Market Insights. For most consumers, snacking is a part of daily life and always has been. What is changing is the way people think about snacking and what is considered to [...]...
  • European Commission Proposal to Support Irish Beef Producers Impacted by Market Uncertainty EU Member States have agreed to a proposal from the European Commission to make €50 million available to Irish beef farmers, which can be matched by national funds to reach a maximum of €100 million. The establishment of the fund reflects the European Commission recognition of the particular challenges facing the Irish beef and veal [...]...
  • Givaudan Opens New Flagship Innovation Centre in Switzerland Givaudan, the global leader in flavours and fragrances, has officially inaugurated its new flagship Innovation Centre in Kemptthal, Switzerland, aimed to accelerate its global efforts in creating differentiated and sustainable flavour, taste and fragrance solutions for the food and beverage and beauty, personal and home care industries. The SFr120 million centre, Givaudan’s largest investment in research [...]...
  • Brits Get a Taste For Cocktails Nine million consumers are enjoying cocktails when they go out, making this one of Britain’s fastest growing drinks categories within spirits, according to exclusive new research by out of home food and drink expert CGA. The popularity of cocktails, and the fact they are more widely available, has helped boost sales through Britain’s pubs, bars [...]...
  • New Artificial Intelligence Tool Predicts How Much Milk 1.5 Million Cows Will Produce Arla Foods has developed a new artificial intelligence tool to better predict their milk intake from farmer-owners. This means that 200 million kilos of milk can now be utilised better each year making Arla’s value chain even more sustainable. Every year, Arla collects around 13 billion kilos of milk from their 10,300 farmer-owners across Northern Europe. [...]...

Dairy Crest Left Chasing £4 Million Debt

Dairy Crest Left Chasing £4 Million Debt
February 13
16:47 2012

Dairy Crest is increasing its bad debt provision by up to £4 million after a customer, Quadro Foods, called in administrators. According to the UK dairy group, this is the total debt owed to it by Quadra although Dairy Crest is looking at several options to reduce the amount involved.

Dairy Crest expects to treat any charge as an exceptional item in 2011/12 and as such it will not impact on its dividend considerations. Dairy Crest has annual sales of £1.6 billion and expects that this isolated incident will have no material effect on its year end borrowings.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2019BevExpo 2019
  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements