Farm First Veterinary Services Limited

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farm first veterinary services limited Company Information

Company Number

06498670

Next Accounts

Dec 2025

Directors

Robert Smith

Jane Anscombe

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Shareholders

jane anscombe

victoria fisher ltd

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Group Structure

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Industry

Veterinary activities

Registered Address

unit 1 the bryn garage, penpergwm, abergavenny, monmouthshire, NP7 9AT

Website

www.farmfirstvets.co.uk

farm first veterinary services limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of FARM FIRST VETERINARY SERVICES LIMITED at £2.6m based on a Turnover of £4m and 0.64x industry multiple (adjusted for size and gross margin).

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Farm First Veterinary Services Limited is a live company located in abergavenny, NP7 9AT with a Companies House number of 06498670. It operates in the veterinary activities sector, SIC Code 75000. Founded in February 2008, it's largest shareholder is jane anscombe with a 33.3% stake. Farm First Veterinary Services Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with low growth in recent years.

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Pomanda's financial health check has awarded Farm First Veterinary Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4m, make it larger than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (10.7%)

EXPORT

Farm First Veterinary Services Limited's latest turnover from March 2024 is estimated at £4 million and the company has net assets of £291.5 thousand. According to their latest financial statements, Farm First Veterinary Services Limited has 23 employees and maintains cash reserves of £71.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,013,626	3,235,754	4,134,563	3,950,681	2,681,516	3,800,949	4,088,503	3,281,755	5,858,253	6,259,474	6,237,938	7,978,777	8,838,060	7,713,432	5,292,109
Other Income Or Grants
Cost Of Sales	855,926	718,098	941,821	871,957	585,442	847,471	921,378	718,880	1,231,741	1,332,782	1,339,056	1,726,473	1,952,262	1,722,619	1,200,670
Gross Profit	3,157,700	2,517,656	3,192,742	3,078,724	2,096,073	2,953,478	3,167,125	2,562,875	4,626,512	4,926,692	4,898,883	6,252,304	6,885,798	5,990,813	4,091,439
Admin Expenses	3,133,600	2,515,988	3,195,381	2,991,982	2,052,122	2,944,837	3,213,164	2,598,704	4,647,780	4,918,481	4,901,208	6,169,168	6,837,013	5,976,978	3,858,362
Operating Profit	24,100	1,668	-2,639	86,742	43,951	8,641	-46,039	-35,829	-21,268	8,211	-2,325	83,136	48,785	13,835	233,077
Interest Payable	7,500	10,117	9,273	4,880
Interest Receivable	4,623	4,120	684	100	88	427	399	381	769	626	512	351	343	406	232
Pre-Tax Profit	21,223	-4,330	-11,227	81,962	44,040	9,068	-45,640	-35,448	-20,499	8,837	-1,813	83,487	49,128	14,242	233,310
Tax	-5,306			-15,573	-8,368	-1,723				-1,856		-20,037	-12,773	-3,988	-65,327
Profit After Tax	15,917	-4,330	-11,227	66,389	35,672	7,345	-45,640	-35,448	-20,499	6,981	-1,813	63,450	36,355	10,254	167,983
Dividends Paid
Retained Profit	15,917	-4,330	-11,227	66,389	35,672	7,345	-45,640	-35,448	-20,499	6,981	-1,813	63,450	36,355	10,254	167,983
Employee Costs	819,958	595,431	552,331	421,219	434,020	456,000	400,525	362,116	2,704,341	2,544,420	2,562,624	3,375,470	3,487,798	3,046,075	2,104,641
Number Of Employees	23	18	18	14	14	16	15	13	103	102	107	148	165	145	100
EBITDA*	94,545	68,354	58,730	149,182	55,955	22,146	-31,666	-16,599	10,490	8,211	24,051	110,104	57,990	21,793	239,365

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	97,616	141,024	197,133	227,208	36,325	31,851	28,817	15,424	25,230	55,945	74,697	70,527	20,023	22,486	26,121
Intangible Assets
Investments & Other	12,154	10,000	10,000	10,000	10,000	10,000	10,000	10,881	10,461	10,000	10,000	10,000	10,000	10,000	10,000
Debtors (Due After 1 year)
Total Fixed Assets	109,770	151,024	207,133	237,208	46,325	41,851	38,817	26,305	35,691	65,945	84,697	80,527	30,023	32,486	36,121
Stock & work in progress	40,080	49,044	49,318	38,038	26,973	50,352	27,557	43,114	48,915	47,999	57,731	55,544	46,262	37,035	20,355
Trade Debtors	409,042	330,120	328,535	314,195	273,651	241,779	245,755	212,243	218,539	222,132	184,128	200,319	197,593	171,248	115,231
Group Debtors
Misc Debtors															42,488
Cash	71,947	104,166	89,709	92,756	106,957	69,139	44,644	115,054	189,558	118,129	132,255	72,546	67,668	69,573	92,926
misc current assets
total current assets	521,069	483,330	467,562	444,989	407,581	361,270	317,956	370,411	457,012	388,260	374,114	328,409	311,523	277,856	271,000
total assets	630,839	634,354	674,695	682,197	453,906	403,121	356,773	396,716	492,703	454,205	458,811	408,936	341,546	310,342	307,121
Bank overdraft
Bank loan
Trade Creditors	288,663	270,750	266,717	216,259	226,380	212,912	174,835	169,343	229,882	164,364	175,601	123,284	124,093	128,393	134,943
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	288,663	270,750	266,717	216,259	226,380	212,912	174,835	169,343	229,882	164,364	175,601	123,284	124,093	128,393	134,943
loans	50,667	82,667	114,747	160,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions		5,345	13,309	14,789	2,776	1,131	205			6,521	6,871	7,500	2,751	3,602	4,085
total long term liabilities	50,667	88,012	128,056	174,789	2,776	1,131	205			6,521	6,871	7,500	2,751	3,602	4,085
total liabilities	339,330	358,762	394,773	391,048	229,156	214,043	175,040	169,343	229,882	170,885	182,472	130,784	126,844	131,995	139,028
net assets	291,509	275,592	279,922	291,149	224,750	189,078	181,733	227,373	262,821	283,320	276,339	278,152	214,702	178,347	168,093
total shareholders funds	291,509	275,592	279,922	291,149	224,750	189,078	181,733	227,373	262,821	283,320	276,339	278,152	214,702	178,347	168,093

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	24,100	1,668	-2,639	86,742	43,951	8,641	-46,039	-35,829	-21,268	8,211	-2,325	83,136	48,785	13,835	233,077
Depreciation	70,445	66,686	61,369	62,440	12,004	13,505	14,373	19,230	31,758		26,376	26,968	9,205	7,958	6,288
Amortisation
Tax	-5,306			-15,573	-8,368	-1,723				-1,856		-20,037	-12,773	-3,988	-65,327
Stock	-8,964	-274	11,280	11,065	-23,379	22,795	-15,557	-5,801	916	-9,732	2,187	9,282	9,227	16,680	20,355
Debtors	78,922	1,585	14,340	40,544	31,872	-3,976	33,512	-6,296	-3,593	38,004	-16,191	2,726	26,345	13,529	157,719
Creditors	17,913	4,033	50,458	-10,121	13,468	38,077	5,492	-60,539	65,518	-11,237	52,317	-809	-4,300	-6,550	134,943
Accruals and Deferred Income
Deferred Taxes & Provisions	-5,345	-7,964	-1,480	12,013	1,645	926	205		-6,521	-350	-629	4,749	-851	-483	4,085
Cash flow from operations	31,849	63,112	82,088	83,892	54,207	40,607	-43,924	-65,041	72,164	-33,504	89,743	81,999	4,494	-19,437	134,992
Investing Activities
capital expenditure	-27,037	-10,577	-31,294	-253,323	-16,478	-16,539	-27,766	-9,424	-1,043	18,752	-30,546	-77,472	-6,742	-4,323	-32,409
Change in Investments	2,154						-881	420	461						10,000
cash flow from investments	-29,191	-10,577	-31,294	-253,323	-16,478	-16,539	-26,885	-9,844	-1,504	18,752	-30,546	-77,472	-6,742	-4,323	-42,409
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-32,000	-32,080	-45,253	160,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue				10											110
interest	-2,877	-5,997	-8,589	-4,780	88	427	399	381	769	626	512	351	343	406	232
cash flow from financing	-34,877	-38,077	-53,842	155,230	88	427	399	381	769	626	512	351	343	406	342
cash and cash equivalents
cash	-32,219	14,457	-3,047	-14,201	37,818	24,495	-70,410	-74,504	71,429	-14,126	59,709	4,878	-1,905	-23,353	92,926
overdraft
change in cash	-32,219	14,457	-3,047	-14,201	37,818	24,495	-70,410	-74,504	71,429	-14,126	59,709	4,878	-1,905	-23,353	92,926

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FARM FIRST VETERINARY SERVICES LIMITED group structure

Farm First Veterinary Services Limited has no subsidiary companies.

Ultimate parent company

FARM FIRST VETERINARY SERVICES LIMITED

06498670

FARM FIRST VETERINARY SERVICES LIMITED Shareholders

jane anscombe	33.33%
victoria fisher ltd	33.33%
robert smith	27.5%
marcell smith	5.83%

Farm First Veterinary Services Limited currently has 3 directors. The longest serving directors include Mr Robert Smith (Feb 2008) and Ms Jane Anscombe (May 2012).

officer	country	age	start	end	role
Mr Robert Smith	United Kingdom	59 years	Feb 2008	-	Director
Ms Jane Anscombe	United Kingdom	59 years	May 2012	-	Director
Miss Victoria Fisher	Wales	36 years	Mar 2021	-	Director

P&L

March 2024

turnover

+24%

operating profit

24.1k

gross margin

78.7%

+1.11%

turnover

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

Balance Sheet

March 2024

net assets

291.5k

+0.06%

total assets

630.8k

-0.01%

cash

71.9k

-0.31%

net assets

Total assets minus all liabilities

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company number

06498670

Type

Private limited with Share Capital

industry

75000 - Veterinary activities

incorporation date

February 2008

ultimate parent company

None

previous names

N/A

address

unit 1 the bryn garage, penpergwm, abergavenny, monmouthshire, NP7 9AT

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farm first veterinary services limited Company Information

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farm first veterinary services limited Estimated Valuation

farm first veterinary services limited Estimated Valuation

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FARM FIRST VETERINARY SERVICES LIMITED financials

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