Blacks Vets Limited

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SOLUTIONS

blacks vets limited Company Information

Dissolved

Company Number

06537866

Website

www.blacksvets.co.uk

Registered Address

friars gate, 1011 stratford road, shirley, west midlands, B90 4BN

Industry

Veterinary activities

Telephone

01384252509

Next Accounts Due

June 2024

Group Structure

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Directors

Edward Johnson4 Years

Ray Reidy4 Years

Shareholders

linnaeus veterinary limited 100%

blacks vets limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of BLACKS VETS LIMITED at £6.1m based on Net Assets of £3.9m and 1.56x industry multiple (adjusted for liquidity).

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Blacks Vets Limited is a dissolved company that was located in shirley, B90 4BN with a Companies House number of 06537866. It operated in the veterinary activities sector, SIC Code 75000. Founded in March 2008, it's largest shareholder was linnaeus veterinary limited with a 100% stake. The last turnover for Blacks Vets Limited was estimated at £7.1m.

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Pomanda's financial health check has awarded Blacks Vets Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £7.1m, make it larger than the average company (£825.2k)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (7.3%)

EXPORT

Blacks Vets Limited's latest turnover from September 2019 is estimated at £7.1 million and the company has net assets of £3.9 million. According to their latest financial statements, Blacks Vets Limited has 92 employees and maintains cash reserves of £825.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	7,128,942	12,425,313	10,991,109	11,889,820	27,071,798	10,364,286	22,009,894	22,793,098	28,717,725	28,160,027
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,901,203	2,798,845	2,406,580	2,499,923	5,763,536	2,224,831	4,762,571	5,032,169	6,413,449	6,388,926
Gross Profit	5,227,739	9,626,468	8,584,529	9,389,897	21,308,262	8,139,456	17,247,322	17,760,929	22,304,275	21,771,101
Admin Expenses	4,179,798	8,832,445	8,414,611	8,651,705	21,173,760	7,593,780	17,724,500	17,392,443	21,567,502	20,440,171
Operating Profit	1,047,941	794,023	169,918	738,192	134,502	545,676	-477,178	368,486	736,773	1,330,930
Interest Payable	3,306	7,590	18,648	15,914	7,732	10,337	8,195	10,543	39,314	33,435
Interest Receivable	9,129	6,419	2,329	3,502	3,050	2,632	2,591	3,011	2,207	963
Pre-Tax Profit	1,053,764	792,852	153,599	725,781	129,820	537,971	-482,782	360,954	699,665	1,298,458
Tax	-200,215	-150,642	-30,720	-145,156	-27,262	-123,733	0	-93,848	-195,906	-363,568
Profit After Tax	853,549	642,210	122,879	580,625	102,558	414,238	-482,782	267,106	503,759	934,890
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	853,549	642,210	122,879	580,625	102,558	414,238	-482,782	267,106	503,759	934,890
Employee Costs	2,828,323	2,277,468	2,288,625	2,407,415	11,191,128	4,429,733	9,694,381	8,947,835	11,280,877	11,156,005
Number Of Employees	92	87	87	91	440	179	408	423	536	526
EBITDA*	1,319,053	989,173	354,861	887,025	278,080	676,046	-348,561	500,578	866,171	1,458,855

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	479,298	542,017	583,746	562,819	502,874	448,986	181,178	186,591	168,603	120,864
Intangible Assets	878,411	1,025,000	1,127,500	1,230,000	1,332,500	1,435,000	1,537,500	1,640,000	1,742,500	1,845,000
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,357,709	1,567,017	1,711,246	1,792,819	1,835,374	1,883,986	1,718,678	1,826,591	1,911,103	1,965,864
Stock & work in progress	225,981	147,110	118,843	172,548	160,662	138,124	111,000	105,710	88,000	53,898
Trade Debtors	573,297	652,417	605,874	747,768	954,274	300,925	549,119	506,080	631,761	609,696
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,046,467	78,856	38,420	14,917	0	0	0	0	0	0
Cash	825,722	1,608,673	959,090	904,033	496,931	723,123	329,728	706,848	497,617	385,009
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	3,671,467	2,487,056	1,722,227	1,839,266	1,611,867	1,162,172	989,847	1,318,638	1,217,378	1,048,603
total assets	5,029,176	4,054,073	3,433,473	3,632,085	3,447,241	3,046,158	2,708,525	3,145,229	3,128,481	3,014,467
Bank overdraft	0	37,623	37,650	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	134,822	194,016	131,221	153,302	1,461,729	1,137,337	1,203,964	1,121,300	1,339,869	729,583
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	117,820
other short term finances	0	0	0	325,498	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	898,851	610,556	651,796	630,159	0	0	0	0	0	0
total current liabilities	1,033,673	842,195	820,667	1,108,959	1,461,729	1,137,337	1,203,964	1,121,300	1,339,869	847,403
loans	0	60,338	97,934	135,645	28,507	209,401	108,652	143,510	180,899	1,028,756
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	144,464	0	137,380	137,380	134,944	183,291
provisions	56,171	65,757	71,299	66,787	72,472	61,909	35,256	36,984	33,820	19,827
total long term liabilities	56,171	126,095	169,233	202,432	245,443	271,310	281,288	317,874	349,663	1,231,874
total liabilities	1,089,844	968,290	989,900	1,311,391	1,707,172	1,408,647	1,485,252	1,439,174	1,689,532	2,079,277
net assets	3,939,332	3,085,783	2,443,573	2,320,694	1,740,069	1,637,511	1,223,273	1,706,055	1,438,949	935,190
total shareholders funds	3,939,332	3,085,783	2,443,573	2,320,694	1,740,069	1,637,511	1,223,273	1,706,055	1,438,949	935,190

	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,047,941	794,023	169,918	738,192	134,502	545,676	-477,178	368,486	736,773	1,330,930
Depreciation	124,523	92,650	82,443	46,333	41,078	27,870	26,117	29,592	26,898	25,425
Amortisation	146,589	102,500	102,500	102,500	102,500	102,500	102,500	102,500	102,500	102,500
Tax	-200,215	-150,642	-30,720	-145,156	-27,262	-123,733	0	-93,848	-195,906	-363,568
Stock	78,871	28,267	-53,705	11,886	22,538	27,124	5,290	17,710	34,102	53,898
Debtors	1,888,491	86,979	-118,391	-191,589	653,349	-248,194	43,039	-125,681	22,065	609,696
Creditors	-59,194	62,795	-22,081	-1,308,427	324,392	-66,627	82,664	-218,569	610,286	729,583
Accruals and Deferred Income	288,295	-41,240	21,637	630,159	0	0	0	0	0	0
Deferred Taxes & Provisions	-9,586	-5,542	4,512	-5,685	10,563	26,653	-1,728	3,164	13,993	19,827
Cash flow from operations	-629,009	739,298	500,305	237,619	-90,114	733,409	-315,954	299,296	1,238,377	1,181,103
Investing Activities
capital expenditure	-61,804	-50,921	-103,370	-106,278	-94,966	-295,678	-20,704	-47,580	-74,637	-2,093,789
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-61,804	-50,921	-103,370	-106,278	-94,966	-295,678	-20,704	-47,580	-74,637	-2,093,789
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-117,820	117,820
Other Short Term Loans	0	0	-325,498	325,498	0	0	0	0	0	0
Long term loans	-60,338	-37,596	-37,711	107,138	-180,894	100,749	-34,858	-37,389	-847,857	1,028,756
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-144,464	144,464	-137,380	0	2,436	-48,347	183,291
share issue	0	0	0	0	0	0	0	0	0	300
interest	5,823	-1,171	-16,319	-12,412	-4,682	-7,705	-5,604	-7,532	-37,107	-32,472
cash flow from financing	-54,515	-38,767	-379,528	275,760	-41,112	-44,336	-40,462	-42,485	-1,051,131	1,297,695
cash and cash equivalents
cash	-782,951	649,583	55,057	407,102	-226,192	393,395	-377,120	209,231	112,608	385,009
overdraft	-37,623	-27	37,650	0	0	0	0	0	0	0
change in cash	-745,328	649,610	17,407	407,102	-226,192	393,395	-377,120	209,231	112,608	385,009

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLACKS VETS LIMITED group structure

Blacks Vets Limited has no subsidiary companies.

Ultimate parent company

BLACKS VETS LIMITED

06537866

BLACKS VETS LIMITED Shareholders

linnaeus veterinary limited

100%

Blacks Vets Limited currently has 2 directors. The longest serving directors include Mr Edward Johnson (Sep 2019) and Mr Ray Reidy (Oct 2019).

officer	country	age	start	end	role
Mr Edward Johnson	England	54 years	Sep 2019	-	Director
Mr Ray Reidy	England	54 years	Oct 2019	-	Director

P&L

September 2019

turnover

7.1m

-43%

operating profit

gross margin

73.4%

-5.35%

turnover

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

Balance Sheet

September 2019

net assets

3.9m

+0.28%

total assets

+0.24%

cash

825.7k

-0.49%

net assets

Total assets minus all liabilities

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company number

06537866

Type

Private limited with Share Capital

industry

75000 - Veterinary activities

incorporation date

March 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

friars gate, 1011 stratford road, shirley, west midlands, B90 4BN

last accounts submitted

September 2019

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 blacks vets limited. Currently there are 0 open charges and 1 have been satisfied in the past.

blacks vets limited Company Information

blacks vets limited Estimated Valuation

blacks vets limited Estimated Valuation

blacks vets limited Estimated Valuation

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