CRISP MALTING GROUP LIMITED
Company number 01466872 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Assessment: CRISP MALTING GROUP LIMITED
1. Credit Opinion: DECLINE
This entity is classified as dormant (SIC 99999) and files dormant accounts. It has no trading activity, no revenue generation capability, and minimal share capital (£2.00). A dormant company cannot service debt obligations from its own operations. Direct credit facilities to this entity are not supportable on a standalone basis.
If credit is required for the wider Crisp Malting group, the application should be directed to the active trading entities within the structure, with appropriate group guarantees.
2. Financial Strength
- Net Assets: Effectively nil. Dormant accounts provide no meaningful balance sheet data.
- Share Capital: £2.00 only — indicates this is a non-trading shell entity.
- Group Structure: Richardson Maltings Limited holds >75% of shares, >75% voting rights, and right to appoint/remove directors. This indicates strong parent company control, but parent financials are not provided here.
- PSC Individuals: The Honourable Edward Richard Iliffe and Mr David George Fossett Thompson hold significant influence or control — suggesting connections to the Iliffe family (historic malting interests) and existing management.
Assessment: No standalone financial strength. Any creditworthiness derives entirely from the parent group.
3. Cash Flow Assessment
- Operating Cash Flow: Zero — dormant status confirms no trading activity.
- Working Capital: Not applicable.
- Liquidity: No financial data available; the entity has no operational cash generation.
Assessment: The company has no capacity to generate cash flows or service debt independently.
4. Monitoring Points
Should the applicant seek facilities at the group level or if this entity transitions to active trading:
| Risk Factor | Monitoring Action |
|---|---|
| Dormant status change | Monitor Companies House for reclassification to active trading |
| Group financials | Request audited accounts from Richardson Maltings Limited and ultimate parent (likely Richardson International, Canadian agribusiness) |
| Director movements | Unusually large board (18 officers) for a dormant entity — monitor for resignations/appointments that may signal restructuring |
| Related-party exposures | Assess intercompany balances and guarantees if group lending is considered |
| Filing compliance | Currently up to date; next accounts due 30/09/2026 — ensure continued compliance |
Additional Context
- The company was incorporated in 1979 and previously traded as Waveney Grain Limited until 1992, suggesting historical trading activity in the cereals/grain sector before becoming dormant.
- The mix of Canadian and British directors, plus the Richardson Maltings ownership, strongly suggests this entity sits within the Richardson International group — a major Canadian agribusiness that acquired Crisp Malting in 2017. Group-level financial assessment would be essential for any credit consideration.