Vetspeed Limited

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vetspeed limited Company Information

Company Number

01449974

Next Accounts

Jun 2025

Directors

Mark Gillings

Shareholders

independent vetcare limited

Group Structure

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Industry

Funeral and related activities

Registered Address

the chocolate factory keynsham, bristol, BS31 2AU

Website

http://cpccares.com

vetspeed limited Estimated Valuation

£34.5m

Pomanda estimates the enterprise value of VETSPEED LIMITED at £34.5m based on Net Assets of £12.3m and 2.81x industry multiple (adjusted for liquidity).

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Vetspeed Limited is a live company located in bristol, BS31 2AU with a Companies House number of 01449974. It operates in the funeral and related activities sector, SIC Code 96030. Founded in September 1979, it's largest shareholder is independent vetcare limited with a 100% stake. Vetspeed Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.8m with high growth in recent years.

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Pomanda's financial health check has awarded Vetspeed Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £20.8m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.9%)

EXPORT

Vetspeed Limited's latest turnover from September 2023 is £20.8 million and the company has net assets of £12.3 million. According to their latest financial statements, Vetspeed Limited has 188 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	20,769,762	18,806,925	17,846,310	11,277,930	9,377,217	9,122,592	8,574,755	8,188,980	7,680,307	7,775,366	6,723,522	6,401,836	6,512,355	6,312,512	6,639,562
Other Income Or Grants	0	0	10,334	67,499	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,637,489	11,699,504	11,102,431	7,180,004	6,432,056	6,406,886	6,004,342	5,484,153	5,184,572	4,733,954	4,041,049	3,769,069	3,796,808	3,798,974	3,575,885
Gross Profit	9,132,273	7,107,421	6,754,213	4,165,425	2,945,161	2,715,706	2,570,413	2,704,827	2,495,735	3,041,412	2,682,473	2,632,767	2,715,547	2,513,538	3,063,677
Admin Expenses	5,906,532	4,923,341	4,360,280	2,643,735	2,646,396	2,615,786	2,599,218	2,467,985	2,424,456	2,802,789	2,000,660	2,218,341	2,419,681	2,083,719	2,576,360
Operating Profit	3,225,741	2,184,080	2,393,933	1,521,690	298,765	99,920	-28,805	236,842	71,279	238,623	681,813	414,426	295,866	429,819	487,317
Interest Payable	0	189,560	140,872	119,243	28,740	29,597	26,408	29,870	39,284	56,745	110,334	141,868	132,534	145,480	163,367
Interest Receivable	609,067	0	0	2,222	0	74	1	69	88	11,598	77,648	7	3	3	177
Pre-Tax Profit	3,834,808	1,994,520	2,253,061	1,404,669	618,356	70,397	-284,269	207,041	32,083	193,476	649,127	272,565	163,335	284,342	224,568
Tax	31,801	-84,067	174,827	-11,024	-55,738	-22,101	65,174	-52,139	-35,107	-48,718	-168,715	-73,281	-12,306	-85,077	-58,750
Profit After Tax	3,866,609	1,910,453	2,427,888	1,393,645	562,618	48,296	-219,095	154,902	-3,024	144,758	480,412	199,284	151,029	199,265	165,818
Dividends Paid	0	0	0	0	59,583	75,000	37,917	65,000	65,000	65,000	48,750	0	18,000	228,800	21,069
Retained Profit	3,866,609	1,910,453	2,427,888	1,393,645	503,035	-26,704	-257,012	89,902	-68,024	79,758	431,662	199,284	133,029	-29,535	144,749
Employee Costs	5,978,724	5,614,455	5,368,919	3,728,413	2,988,468	3,052,775	3,192,260	2,983,113	2,786,433	2,581,609	2,281,342	2,229,135	2,452,393	2,414,761	2,616,261
Number Of Employees	188	183	182	167	112	109	123	109	101	98	85	83	90	87	96
EBITDA*	3,978,887	3,493,270	3,967,461	1,955,708	504,935	330,637	216,932	491,046	319,928	487,566	928,396	687,502	630,868	782,763	882,020

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,193,877	7,490,980	4,940,075	5,358,390	1,107,559	3,050,399	3,209,912	3,403,769	3,492,881	3,667,681	3,482,159	3,681,211	3,969,666	3,842,643	4,181,757
Intangible Assets	2,016,909	0	0	0	0	0	0	0	0	0	0	0	0	38,001	8,532
Investments & Other	0	0	0	0	10	311,378	311,378	260,010	225,000	200,000	160,000	160,000	160,000	160,000	160,000
Debtors (Due After 1 year)	8,998,858	3,729,436	1,464,762	913,697	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	12,209,644	7,490,980	4,940,075	5,358,390	1,107,569	3,361,777	3,521,290	3,663,779	3,717,881	3,867,681	3,642,159	3,841,211	4,129,666	4,040,644	4,350,289
Stock & work in progress	618,204	555,483	569,350	232,637	128,457	117,233	117,145	116,150	97,904	112,395	109,977	81,090	73,887	92,047	86,453
Trade Debtors	3,068,816	2,400,642	2,125,145	2,090,085	1,299,149	1,252,902	1,250,245	1,169,923	1,150,950	1,153,321	1,100,560	909,928	789,961	789,175	726,861
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	332,034	385,675	321,491	429,078	229,628	425,844	177,687	419,822	281,987	151,659	600,505	221,671	188,846	240,007	97,571
Cash	1,116,907	2,031,699	3,385,395	826,094	2,642,211	9,822	9,595	199,105	260,055	269,672	847	106,333	7,515	7,427	6,344
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,135,961	5,383,499	6,401,381	3,577,894	4,299,445	1,805,801	1,554,672	1,905,000	1,790,896	1,687,047	1,811,889	1,319,022	1,060,209	1,128,656	917,229
total assets	17,345,605	12,874,479	11,341,456	8,936,284	5,407,014	5,167,578	5,075,962	5,568,779	5,508,777	5,554,728	5,454,048	5,160,233	5,189,875	5,169,300	5,267,518
Bank overdraft	0	0	0	0	0	50,108	35,405	0	0	0	0	0	156,185	161,747	158,840
Bank loan	0	0	0	0	0	120,243	120,243	69,094	75,351	127,736	167,689	141,688	191,744	87,568	53,922
Trade Creditors	1,136,973	1,191,772	1,248,039	934,754	889,394	1,025,774	863,351	934,295	928,916	708,434	485,878	587,589	488,337	304,367	238,532
Group/Directors Accounts	0	0	0	0	956,374	0	0	3,402	0	0	0	95,745	171,266	250,379	65,759
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	425,963	645,009	482,827	582,081	9,145	32,355	52,856	43,250	38,265	42,015	9,000	0	96,370	137,176	161,119
other current liabilities	1,732,733	826,237	933,248	812,531	691,533	616,614	506,893	576,415	498,428	515,528	744,203	598,752	526,634	550,028	508,303
total current liabilities	3,295,669	2,663,018	2,664,114	2,329,366	2,546,446	1,845,094	1,578,748	1,626,456	1,540,960	1,393,713	1,406,770	1,423,774	1,630,536	1,491,265	1,186,475
loans	0	3,414,502	4,041,070	4,727,368	0	929,520	1,030,599	1,184,230	1,287,231	1,388,485	1,548,853	1,692,053	1,710,216	1,841,137	1,896,227
hp & lease commitments	1,710,918	1,707,251	1,880,857	2,363,684	9,980	16,247	52,096	58,061	77,664	115,929	14,250	0	1,823	98,692	235,869
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	44,827	153,256	0	307,986	154,992	184,156	195,254	223,755	216,547	202,202	149,534	141,427	143,605	167,540	158,646
total long term liabilities	1,755,745	1,783,879	2,160,213	2,517,677	164,972	1,129,923	1,277,949	1,466,046	1,581,442	1,706,616	1,712,637	1,833,480	1,855,644	2,107,369	2,290,742
total liabilities	5,051,414	4,446,897	4,824,327	4,847,043	2,711,418	2,975,017	2,856,697	3,092,502	3,122,402	3,100,329	3,119,407	3,257,254	3,486,180	3,598,634	3,477,217
net assets	12,294,191	8,427,582	6,517,129	4,089,241	2,695,596	2,192,561	2,219,265	2,476,277	2,386,375	2,454,399	2,334,641	1,902,979	1,703,695	1,570,666	1,790,301
total shareholders funds	12,294,191	8,427,582	6,517,129	4,089,241	2,695,596	2,192,561	2,219,265	2,476,277	2,386,375	2,454,399	2,334,641	1,902,979	1,703,695	1,570,666	1,790,301

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	3,225,741	2,184,080	2,393,933	1,521,690	298,765	99,920	-28,805	236,842	71,279	238,623	681,813	414,426	295,866	429,819	487,317
Depreciation	339,199	1,309,190	1,573,528	434,018	206,170	230,717	245,737	254,204	248,649	248,943	246,583	273,076	297,001	325,413	386,178
Amortisation	413,947	0	0	0	0	0	0	0	0	0	0	0	38,001	27,531	8,525
Tax	31,801	-84,067	174,827	-11,024	-55,738	-22,101	65,174	-52,139	-35,107	-48,718	-168,715	-73,281	-12,306	-85,077	-58,750
Stock	62,721	-13,867	336,713	104,180	11,224	88	995	18,246	-14,491	2,418	28,887	7,203	-18,160	5,594	86,453
Debtors	5,883,955	2,604,355	478,538	1,904,083	-149,969	250,814	-161,813	156,808	127,957	-396,085	569,466	152,792	-50,375	204,750	824,432
Creditors	-54,799	-56,267	313,285	45,360	-136,380	162,423	-70,944	5,379	220,482	222,556	-101,711	99,252	183,970	65,835	238,532
Accruals and Deferred Income	906,496	-107,011	120,717	120,998	74,919	109,721	-69,522	77,987	-17,100	-228,675	145,451	72,118	-23,394	41,725	508,303
Deferred Taxes & Provisions	-108,429	153,256	-307,986	152,994	-29,164	-11,098	-28,501	7,208	14,345	52,668	8,107	-2,178	-23,935	8,894	158,646
Cash flow from operations	-1,192,720	808,693	3,453,053	255,773	497,317	318,680	273,957	354,427	389,082	879,064	213,175	623,418	823,738	603,796	817,866
Investing Activities
capital expenditure	3,527,048	-3,860,095	-1,155,213	-4,684,849	1,736,670	-76,673	-105,309	-171,888	-73,849	-438,375	-47,909	10,542	-441,672	-122,666	-215,171
Change in Investments	0	0	0	-10	-311,368	0	51,368	35,010	25,000	40,000	0	0	0	0	160,000
cash flow from investments	3,527,048	-3,860,095	-1,155,213	-4,684,839	2,048,038	-76,673	-156,677	-206,898	-98,849	-478,375	-47,909	10,542	-441,672	-122,666	-375,171
Financing Activities
Bank loans	0	0	0	0	-120,243	0	51,149	-6,257	-52,385	-39,953	26,001	-50,056	104,176	33,646	53,922
Group/Directors Accounts	0	0	0	-956,374	956,374	0	-3,402	3,402	0	0	-95,745	-75,521	-79,113	184,620	65,759
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-3,414,502	-626,568	-686,298	4,727,368	-929,520	-101,079	-153,631	-103,001	-101,254	-160,368	-143,200	-18,163	-130,921	-55,090	1,896,227
Hire Purchase and Lease Commitments	-215,379	-11,424	-582,081	2,926,640	-29,477	-56,350	3,641	-14,618	-42,015	134,694	23,250	-98,193	-137,675	-161,120	396,988
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	40,000	0	0	0	-190,100	1,645,552
interest	609,067	-189,560	-140,872	-117,021	-28,740	-29,523	-26,407	-29,801	-39,196	-45,147	-32,686	-141,861	-132,531	-145,477	-163,190
cash flow from financing	-3,020,814	-827,552	-1,409,251	6,580,613	-151,606	-186,952	-128,650	-150,275	-234,850	-70,774	-222,380	-383,794	-376,064	-333,521	3,895,258
cash and cash equivalents
cash	-914,792	-1,353,696	2,559,301	-1,816,117	2,632,389	227	-189,510	-60,950	-9,617	268,825	-105,486	98,818	88	1,083	6,344
overdraft	0	0	0	0	-50,108	14,703	35,405	0	0	0	0	-156,185	-5,562	2,907	158,840
change in cash	-914,792	-1,353,696	2,559,301	-1,816,117	2,682,497	-14,476	-224,915	-60,950	-9,617	268,825	-105,486	255,003	5,650	-1,824	-152,496

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VETSPEED LIMITED group structure

Vetspeed Limited has 1 subsidiary company.

Ultimate parent company

ISLAY NEW GROUP HOLDING SA

#0146137

INDEPENDENT VETCARE LIMITED

07746795

2 parents

VETSPEED LIMITED

01449974

1 subsidiary

C P C PETREST LIMITED

09738225

VETSPEED LIMITED Shareholders

independent vetcare limited

100%

Vetspeed Limited currently has 2 directors. The longest serving directors include Mr Mark Gillings (Dec 2019) and Mr Mark Gillings (Dec 2019).

officer	country	age	start	end	role
Mr Mark Gillings	Scotland	45 years	Dec 2019	-	Director
Mr Mark Gillings	Scotland	45 years	Dec 2019	-	Director

P&L

September 2023

turnover

20.8m

+10%

operating profit

3.2m

+48%

gross margin

44%

+16.35%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

12.3m

+0.46%

total assets

17.3m

+0.35%

cash

1.1m

-0.45%

net assets

Total assets minus all liabilities

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company number

01449974

Type

Private limited with Share Capital

industry

96030 - Funeral and related activities

incorporation date

September 1979

ultimate parent company

ISLAY NEW GROUP HOLDING SA

previous names

N/A

address

the chocolate factory keynsham, bristol, BS31 2AU

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to vetspeed limited. Currently there are 1 open charges and 5 have been satisfied in the past.

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vetspeed limited Company Information

vetspeed limited Estimated Valuation

vetspeed limited Estimated Valuation

vetspeed limited Estimated Valuation

Vetspeed Limited Overview

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VETSPEED LIMITED financials

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