Tate & Lyle PLC Logo

Tate & Lyle PLC

ISIN: GB00BP92CJ43 | Ticker: TATE | LEI: 2138008K14474WPKZ244
Sector: Consumer StaplesSub-Industry: Packaged Foods & Meats
Country: United Kingdom

About Tate & Lyle PLC

Company Description

Tate & Lyle PLC is a British food and beverage ingredients supplier that was founded in 1921 and is headquartered in London, England. The company specializes in the production of a wide variety of sweeteners, texturants, and other ingredients used in the food and beverage industry.

Tate & Lyle prides itself on its commitment to sustainability and ethical practices, sourcing its raw materials responsibly and reducing its carbon footprint through various initiatives. The company has also made significant contributions to the development and production of low-calorie sweeteners such as Splenda, which has become a popular alternative to traditional sugar.

With more than 5,000 employees and operations in more than 30 countries, Tate & Lyle has established itself as a leader in the food and beverage ingredients industry. The company's products are used by some of the world's leading food manufacturers and can be found in a variety of products, from packaged foods to beverages.

Year founded

1921

Served area

Worldwide

Headquarters

5 Marble Arch, W1H 7EJ London – United Kingdom

Financial statements

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Line item in (gbp) 01.04.2020 01.04.2021 01.04.2022 01.04.2023
Assets N/A 2,967,000,000.00 3,251,000,000.00 2,507,000,000.00
Noncurrent Assets N/A 1,665,000,000.00 862,000,000.00 1,223,000,000.00
Property Plant And Equipment N/A 1,105,000,000.00 497,000,000.00 488,000,000.00
Investments In Joint Ventures Accounted For Using Equity Method N/A 104,000,000.00 0.00 199,000,000.00
Noncurrent Receivables N/A 1,000,000.00 1,000,000.00 11,000,000.00
Deferred Tax Assets N/A 32,000,000.00 9,000,000.00 13,000,000.00
Noncurrent Recognised Assets Defined Benefit Plan N/A 18,000,000.00 23,000,000.00 18,000,000.00
Noncurrent Derivative Financial Assets N/A 1,000,000.00 3,000,000.00 0.00
Current Assets N/A 1,302,000,000.00 2,389,000,000.00 1,284,000,000.00
Inventories N/A 532,000,000.00 317,000,000.00 446,000,000.00
Trade And Other Current Receivables N/A 333,000,000.00 270,000,000.00 351,000,000.00
Other Current Financial Assets N/A 32,000,000.00 2,000,000.00 0.00
Cash and cash equivalents N/A 371,000,000.00 110,000,000.00 475,000,000.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 1,302,000,000.00 723,000,000.00 1,284,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 0.00 1,666,000,000.00 0.00
Current Derivative Financial Assets N/A 23,000,000.00 13,000,000.00 3,000,000.00
Equity And Liabilities N/A 2,967,000,000.00 3,251,000,000.00 2,507,000,000.00
Equity 1,393,000,000.00 1,454,000,000.00 1,620,000,000.00 1,190,000,000.00
Issued Capital N/A 117,000,000.00 117,000,000.00 117,000,000.00
Retained Earnings N/A 777,000,000.00 865,000,000.00 513,000,000.00
Share Premium N/A 407,000,000.00 407,000,000.00 408,000,000.00
Other Reserves N/A 144,000,000.00 222,000,000.00 143,000,000.00
Capital Redemption Reserve N/A 8,000,000.00 8,000,000.00 8,000,000.00
Equity Attributable To Owners Of Parent N/A 1,453,000,000.00 1,619,000,000.00 1,189,000,000.00
Noncontrolling Interests N/A 1,000,000.00 1,000,000.00 1,000,000.00
Liabilities N/A 1,513,000,000.00 1,631,000,000.00 1,317,000,000.00
Noncurrent Liabilities N/A 956,000,000.00 851,000,000.00 745,000,000.00
Noncurrent Provisions N/A 11,000,000.00 12,000,000.00 5,000,000.00
Deferred Tax Liabilities N/A 41,000,000.00 51,000,000.00 30,000,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 158,000,000.00 130,000,000.00 118,000,000.00
Longterm Borrowings N/A 746,000,000.00 658,000,000.00 592,000,000.00
Current Liabilities N/A 557,000,000.00 780,000,000.00 572,000,000.00
Current Provisions N/A 24,000,000.00 11,000,000.00 13,000,000.00
Trade And Other Current Payables N/A 431,000,000.00 294,000,000.00 372,000,000.00
Other Current Financial Liabilities N/A 26,000,000.00 0.00 N/A
Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale N/A 557,000,000.00 380,000,000.00 572,000,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 0.00 400,000,000.00 0.00
Current Derivative Financial Liabilities N/A 9,000,000.00 31,000,000.00 4,000,000.00
Line item in (gbp) 01.04.2020/
01.04.2021
01.04.2021/
01.04.2022
01.04.2022/
01.04.2023
Revenue 1,211,000,000.00 1,375,000,000.00 1,751,000,000.00
Profit Loss From Operating Activities 116,000,000.00 67,000,000.00 196,000,000.00
Finance Income 1,000,000.00 1,000,000.00 12,000,000.00
Finance Costs 27,000,000.00 26,000,000.00 32,000,000.00
Profit Loss Before Tax 90,000,000.00 42,000,000.00 152,000,000.00
Income Tax Expense Continuing Operations 1,000,000.00 16,000,000.00 25,000,000.00
Profit Loss From Continuing Operations 89,000,000.00 26,000,000.00 127,000,000.00
Profit Loss From Discontinued Operations 164,000,000.00 210,000,000.00 63,000,000.00
Profit (loss) 253,000,000.00 236,000,000.00 190,000,000.00
Profit Loss Attributable To Owners Of Parent 253,000,000.00 236,000,000.00 190,000,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 0.00 0.00
Line item in (gbp) 01.04.2021 01.04.2022 01.04.2023
Profit (loss) 253,000,000.00 236,000,000.00 190,000,000.00
Adjustments For Finance Costs 30,000,000.00 28,000,000.00 20,000,000.00
Adjustments For Sharebased Payments 8,000,000.00 12,000,000.00 20,000,000.00
Other Adjustments For Noncash Items 9,000,000.00 -38,000,000.00 -7,000,000.00
Cash Flows From Used In Operations 448,000,000.00 169,000,000.00 152,000,000.00
Interest Paid Classified As Operating Activities 22,000,000.00 21,000,000.00 25,000,000.00
Income Taxes Paid Refund Classified As Operating Activities 57,000,000.00 45,000,000.00 19,000,000.00
Cash Flows From Used In Operating Activities 369,000,000.00 103,000,000.00 66,000,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 1,045,000,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 62,000,000.00 -1,000,000.00 192,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 5,000,000.00 0.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities 134,000,000.00 132,000,000.00 70,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities 18,000,000.00 16,000,000.00 8,000,000.00
Interest Received Classified As Investing Activities 1,000,000.00 1,000,000.00 11,000,000.00
Cash Flows From Used In Investing Activities -205,000,000.00 -113,000,000.00 835,000,000.00
Payments To Acquire Or Redeem Entitys Shares 5,000,000.00 13,000,000.00 13,000,000.00
Proceeds From Borrowings Classified As Financing Activities 154,000,000.00 2,000,000.00 1,000,000.00
Repayments Of Borrowings Classified As Financing Activities 5,000,000.00 60,000,000.00 3,000,000.00
Payments Of Lease Liabilities Classified As Financing Activities 36,000,000.00 32,000,000.00 13,000,000.00
Dividends Paid Classified As Financing Activities 137,000,000.00 144,000,000.00 570,000,000.00
Cash Flows From Used In Financing Activities -29,000,000.00 -247,000,000.00 -598,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes 135,000,000.00 -257,000,000.00 303,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -35,000,000.00 13,000,000.00 45,000,000.00
Cash and cash equivalents 371,000,000.00 110,000,000.00 475,000,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

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Short Interest


Current short interest

Position Holder Short Interest in Percent Date
Balyasny Asset Management (UK) LLP 0.51% 22.02.24
Total 0.51%

Capital markets information

ISIN

GB00BP92CJ43

LEI

2138008K14474WPKZ244

Sector

Consumer Staples

Industry Group

Food, Beverage & Tobacco

Industry

Food Products

Sub-Industry

Packaged Foods & Meats

Listed Stock Exchange

London Stock Exchange

Stock Index

FTSE 250

Main Stock Exchange

Contact Investor Relations department

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