k9 vets limited

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k9 vets limited Company Information

Share K9 VETS LIMITED

Company Number

02171494

Shareholders

dhillon investments limited

Group Structure

View All

Industry

Veterinary activities

 

Registered Address

wolverhampton road, oldbury, west midlands, B69 2BH

k9 vets limited Estimated Valuation

£983.8k

Pomanda estimates the enterprise value of K9 VETS LIMITED at £983.8k based on a Turnover of £1.6m and 0.6x industry multiple (adjusted for size and gross margin).

k9 vets limited Estimated Valuation

£136.9k

Pomanda estimates the enterprise value of K9 VETS LIMITED at £136.9k based on an EBITDA of £45.5k and a 3.01x industry multiple (adjusted for size and gross margin).

k9 vets limited Estimated Valuation

£1.3k

Pomanda estimates the enterprise value of K9 VETS LIMITED at £1.3k based on Net Assets of £1k and 1.25x industry multiple (adjusted for liquidity).

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K9 Vets Limited Overview

K9 Vets Limited is a live company located in west midlands, B69 2BH with a Companies House number of 02171494. It operates in the veterinary activities sector, SIC Code 75000. Founded in September 1987, it's largest shareholder is dhillon investments limited with a 100% stake. K9 Vets Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.

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K9 Vets Limited Health Check

Pomanda's financial health check has awarded K9 Vets Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £1.6m, make it smaller than the average company (£2.1m)

£1.6m - K9 Vets Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.7%)

24% - K9 Vets Limited

7.7% - Industry AVG

production

Production

with a gross margin of 77.3%, this company has a comparable cost of product (77.3%)

77.3% - K9 Vets Limited

77.3% - Industry AVG

profitability

Profitability

an operating margin of -0.6% make it less profitable than the average company (9%)

-0.6% - K9 Vets Limited

9% - Industry AVG

employees

Employees

with 25 employees, this is similar to the industry average (27)

25 - K9 Vets Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.2k, the company has an equivalent pay structure (£35.2k)

£35.2k - K9 Vets Limited

£35.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £65.4k, this is equally as efficient (£71.3k)

£65.4k - K9 Vets Limited

£71.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - K9 Vets Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 58 days, this is slower than average (41 days)

58 days - K9 Vets Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 65 days, this is more than average (33 days)

65 days - K9 Vets Limited

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (20 weeks)

10 weeks - K9 Vets Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (37.1%)

99.9% - K9 Vets Limited

37.1% - Industry AVG

K9 VETS LIMITED financials

EXPORTms excel logo

K9 Vets Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of £1 thousand. According to their latest financial statements, K9 Vets Limited has 25 employees and maintains cash reserves of £191.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover1,634,9541,572,3441,709,082864,274712544378453211,137207,273197,127389,552366,131301,696938,8370
Other Income Or Grants0000000000000000
Cost Of Sales371,585395,366454,604281,9102371518510544,99544,36043,02785,33681,10268,665230,6900
Gross Profit1,263,3691,176,9781,254,478582,364475392293348166,142162,913154,100304,217285,029233,031708,1470
Admin Expenses1,272,5061,191,8591,252,510425,9581,2001,117225201,642195,175161,113143,979306,031288,622260,351715,934-188,477
Operating Profit-9,137-14,8811,968156,406-725-72568-201,294-29,0331,80010,121-1,814-3,593-27,320-7,787188,477
Interest Payable3,9384,2753,1271,5617777773600000000
Interest Receivable13,07419,1561,1597099941781217082132193264148
Pre-Tax Profit000154,915-793-7930-201,288-28,9551,92110,191-1,732-3,461-27,127-7,523188,625
Tax000-29,43400000-384-2,1400000-52,815
Profit After Tax000125,481-793-7930-201,288-28,9551,5378,051-1,732-3,461-27,127-7,523135,810
Dividends Paid0000000000000000
Retained Profit000125,481-793-7930-201,288-28,9551,5378,051-1,732-3,461-27,127-7,523135,810
Employee Costs879,382810,031844,914441,54731,48231,14926,60127,222109,086105,02398,573166,630153,222126,920378,8350
Number Of Employees252527141111444776180
EBITDA*45,49743,56654,985186,568-725-72568-201,294-15,94515,58424,75811,6959,172-14,2614,328201,097

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets347,663357,658766,157593,7070000108,259121,156134,690142,387150,809162,487152,404164,519
Intangible Assets0000000000000000
Investments & Other0000000000000000
Debtors (Due After 1 year)0000000000000000
Total Fixed Assets347,663357,658766,157593,7070000108,259121,156134,690142,387150,809162,487152,404164,519
Stock & work in progress67,13278,69262,24224,6890000160,657168,863157,556133,894110,79894,48297,82399,328
Trade Debtors000000007,7666,9535,62411,5969,4929,23124,9148,855
Group Debtors0000000000000000
Misc Debtors383,36017,00010,0000000000000000
Cash191,073306,994787,624139,2471,2361,2361,2361,23631,83530,85317,51810,61622,07030,55046,61259,159
misc current assets0000000000000000
total current assets641,565402,686859,866163,9361,2361,2361,2361,236200,258206,669180,698156,106142,360134,263169,349167,342
total assets989,228760,3441,626,023757,6431,2361,2361,2361,236308,517327,825315,388298,493293,169296,750321,753331,861
Bank overdraft000501,1461,1461,1461,14600000000
Bank loan0000000000000000
Trade Creditors 59,06274,820135,50086,53433633665465413,266217,752206,852198,507191,451191,401189,737192,002
Group/Directors Accounts609,109402,7611,101,319491,841119,467119,467118,356118,356205,9500000000
other short term finances0000000000000000
hp & lease commitments0000000000000000
other current liabilities290,054241,763338,204128,2181,2501,2501,2501,2508,1830000000
total current liabilities958,225719,3441,575,023706,643122,199122,199121,406121,406227,399217,752206,852198,507191,451191,401189,737192,002
loans30,00340,00050,00050,000000000000000
hp & lease commitments0000000000000000
Accruals and Deferred Income0000000000000000
other liabilities0000000000000000
provisions00003,5183,5183,5183,5183,5183,5183,5183,0193,0193,1892,7293,049
total long term liabilities30,00340,00050,00050,0003,5183,5183,5183,5183,5183,5183,5183,0193,0193,1892,7293,049
total liabilities988,228759,3441,625,023756,643125,717125,717124,924124,924230,917221,270210,370201,526194,470194,590192,466195,051
net assets1,0001,0001,0001,000-124,481-124,481-123,688-123,68877,600106,555105,01896,96798,699102,160129,287136,810
total shareholders funds1,0001,0001,0001,000-124,481-124,481-123,688-123,68877,600106,555105,01896,96798,699102,160129,287136,810
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-9,137-14,8811,968156,406-725-72568-201,294-29,0331,80010,121-1,814-3,593-27,320-7,787188,477
Depreciation54,63458,44753,01730,162000013,08813,78414,63713,50912,76513,05912,11512,620
Amortisation0000000000000000
Tax000-29,43400000-384-2,1400000-52,815
Stock-11,56016,45037,55324,689000-160,657-8,20611,30723,66223,09616,316-3,341-1,50599,328
Debtors366,3607,00010,0000000-7,7668131,329-5,9722,104261-15,68316,0598,855
Creditors-15,758-60,68048,96686,198-318-3180-12,612-204,48610,9008,3457,056501,664-2,265192,002
Accruals and Deferred Income48,291-96,441209,986126,968000-6,9338,1830000000
Deferred Taxes & Provisions000-3,5180000004990-170460-3203,049
Cash flow from operations-276,770-137,005266,384342,093-1,043-1,04368-52,416-204,85513,46413,772-6,449-7,5256,887-12,811235,150
Investing Activities
capital expenditure-44,639350,052-225,467-623,869000108,259-191-250-6,940-5,087-1,087-23,1420-177,139
Change in Investments0000000000000000
cash flow from investments-44,639350,052-225,467-623,869000108,259-191-250-6,940-5,087-1,087-23,1420-177,139
Financing Activities
Bank loans0000000000000000
Group/Directors Accounts206,348-698,558609,478372,3741,1111,1110-87,594205,9500000000
Other Short Term Loans 0000000000000000
Long term loans-9,997-10,000050,000000000000000
Hire Purchase and Lease Commitments0000000000000000
other long term liabilities0000000000000000
share issue0000000000000001,000
interest9,13614,881-1,968-1,491-68-68-685781217082132193264148
cash flow from financing205,487-693,677607,510420,8831,0431,043-68-87,589206,02812170821321932641,148
cash and cash equivalents
cash-115,921-480,630648,377138,011000-30,59998213,3356,902-11,454-8,480-16,062-12,54759,159
overdraft00-50-1,0960001,14600000000
change in cash-115,921-480,630648,427139,107000-31,74598213,3356,902-11,454-8,480-16,062-12,54759,159

k9 vets limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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K9 Vets Limited Competitor Analysis

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Perform a competitor analysis for k9 vets limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in B69 area or any other competitors across 12 key performance metrics.

k9 vets limited Ownership

K9 VETS LIMITED group structure

K9 Vets Limited has no subsidiary companies.

Ultimate parent company

1 parent

K9 VETS LIMITED

02171494

K9 VETS LIMITED Shareholders

dhillon investments limited 100%

k9 vets limited directors

K9 Vets Limited currently has 2 directors. The longest serving directors include Mrs Pardeep Dhillon (Jul 2019) and Mr Iqpal Dhillon (Feb 2021).

officercountryagestartendrole
Mrs Pardeep DhillonUnited Kingdom44 years Jul 2019- Director
Mr Iqpal DhillonUnited Kingdom47 years Feb 2021- Director

P&L

December 2023

turnover

1.6m

+4%

operating profit

-9.1k

0%

gross margin

77.3%

+3.23%

turnover

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

Balance Sheet

December 2023

net assets

1k

0%

total assets

989.2k

+0.3%

cash

191.1k

-0.38%

net assets

Total assets minus all liabilities

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k9 vets limited company details

company number

02171494

Type

Private limited with Share Capital

industry

75000 - Veterinary activities

incorporation date

September 1987

age

38

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

m.s. dhillon & sons limited (November 2019)

accountant

-

auditor

-

address

wolverhampton road, oldbury, west midlands, B69 2BH

Bank

HSBC BANK PLC

Legal Advisor

-

k9 vets limited Charges & Mortgages

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 1 charges/mortgages relating to k9 vets limited. Currently there are 1 open charges and 0 have been satisfied in the past.

k9 vets limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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k9 vets limited Companies House Filings - See Documents

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