Muller Dairy (UK) has reported pre-tax losses of £33.8million after transferring its trading assets, including Scottish milk firm Robert Wiseman Dairies, to another Muller group company.
Including profits from businesses now run under the UK and Ireland arm of German Muller group, Muller Dairy (UK) made pre-tax profits of £587.54million during the 12 months to December 31, 2013, up from £30.85million the year before.
Revenue for the latest period totalled £197.12million, down from £367.82million a year earlier.
The figures are revealed in accounts just released by Companies House, in which Miller Dairy (UK) said: “The principle activity of the company continued to be that of marketing and selling dairy products purchased from related parties for the fist six months of the year.
“For the second six months, the principle activity of the company was that of a member of Muller UK and Ireland Group.
The company transferred its trading assets to Muller UK and Ireland Group on July 1, 2013.
A month later, it completed the acquisition of Shropshire business TM Telford Dairy for £14million.
The Muller group completed its £282million acquisition of East Kilbride-based Robert Wiseman Dairies in February 2012.