The companies
Four operating companies and one dormant one, each with last year’s revenue, its headcount at year end and the managing director who answers for it. The dormant company is listed because omitting it would be the kind of tidiness that turns into a question later.
Operating
Blue Ridge Coffee ProcessingWet and dry processing in Portland. Revenue 14.2 million, 214 employees at year end. Managing director: Carlene Bryan. The largest company in the group and the most weather-exposed.
Saint Mary CocoaFermentation and drying, buying from 340 registered farmers. Revenue 6.8 million, 96 employees. Managing director: Delroy Whyte.
Harbour Cold StorageThird-party cold storage and blast freezing near the port. Revenue 9.1 million, 118 employees. Managing director: Nadine Ellis.
Clarendon Flexible PackagingFilm extrusion and printing, half of it for the group. Revenue 11.4 million, 172 employees. Managing director: Andre Sinclair. The plant that burned in 2022 and was rebuilt.
Dormant
Holding
Investor and governance questions
Ownership, the board, how the companies are financed, related-party dealings and where to find the audited accounts.
Who owns Ucorpora?
Fifty-eight per cent is held by the founding family through a single named vehicle, twenty-two per cent by two institutional shareholders and the balance by about four hundred individual holders. The full substantial-shareholder list is in the annual accounts with the percentages.
How independent is the board?
Four of the seven directors are independent by the local governance code, the audit committee is chaired by one of them, and the roles of chairman and chief executive have been separate since 2009. Attendance at every meeting is published per director.
Where are the audited accounts?
In the statements section, as filed, for every year since 2004, unedited. The related-party schedule is in the accounts with amounts rather than described in a note, and directors’ remuneration is given per individual.
Do the companies trade with each other?
Yes. About half the packaging company’s output goes to the other three, priced at a published internal rate reviewed annually by the audit committee. That rate and the volumes are in the related-party schedule.
When are results published?
On the dates in the reporting calendar, which have not moved since 2011. Results appear at seven in the morning and the managing directors are available from nine to answer questions about their own companies.
What people say
Read all the reviews★★★★★
Fourteen years without moving a reporting date. That is the whole assessment.
★★★★★
The company secretary replies in two days, even to hostile questions.
★★★★★
Related-party amounts are in the accounts, not described in a note.
★★★★★
Family holds fifty-eight per cent. Stated plainly, which is the point.
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The company secretary answers investor and media questions within two working days.