independent vetcare limited Company Information
Company Number
07746795
Next Accounts
Jun 2025
Industry
Veterinary activities
Shareholders
ivc acquisition limited
Group Structure
View All
Contact
Registered Address
the chocolate factory, keynsham, bristol, BS31 2AU
independent vetcare limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT VETCARE LIMITED at £1.2b based on a Turnover of £1.1b and 1.04x industry multiple (adjusted for size and gross margin).
independent vetcare limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT VETCARE LIMITED at £945.1m based on an EBITDA of £182.5m and a 5.18x industry multiple (adjusted for size and gross margin).
independent vetcare limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT VETCARE LIMITED at £54m based on Net Assets of £43.2m and 1.25x industry multiple (adjusted for liquidity).
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Independent Vetcare Limited Overview
Independent Vetcare Limited is a live company located in bristol, BS31 2AU with a Companies House number of 07746795. It operates in the veterinary activities sector, SIC Code 75000. Founded in August 2011, it's largest shareholder is ivc acquisition limited with a 100% stake. Independent Vetcare Limited is a established, mega sized company, Pomanda has estimated its turnover at £1.1b with high growth in recent years.
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Independent Vetcare Limited Health Check
Pomanda's financial health check has awarded Independent Vetcare Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.1b, make it larger than the average company (£1.8m)
£1.1b - Independent Vetcare Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.2%)
20% - Independent Vetcare Limited
8.2% - Industry AVG
Production
with a gross margin of 45.5%, this company has a higher cost of product (76.9%)
45.5% - Independent Vetcare Limited
76.9% - Industry AVG
Profitability
an operating margin of 8.1% make it less profitable than the average company (10.4%)
8.1% - Independent Vetcare Limited
10.4% - Industry AVG
Employees
with 15583 employees, this is above the industry average (26)
15583 - Independent Vetcare Limited
26 - Industry AVG
Pay Structure
on an average salary of £34.4k, the company has an equivalent pay structure (£34.8k)
£34.4k - Independent Vetcare Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £73.3k, this is equally as efficient (£70k)
£73.3k - Independent Vetcare Limited
£70k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (22 days)
9 days - Independent Vetcare Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (43 days)
33 days - Independent Vetcare Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (32 days)
14 days - Independent Vetcare Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (17 weeks)
18 weeks - Independent Vetcare Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.7%, this is a higher level of debt than the average (38.9%)
97.7% - Independent Vetcare Limited
38.9% - Industry AVG
INDEPENDENT VETCARE LIMITED financials
Independent Vetcare Limited's latest turnover from September 2023 is £1.1 billion and the company has net assets of £43.2 million. According to their latest financial statements, Independent Vetcare Limited has 15,583 employees and maintains cash reserves of £72.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,141,700,000 | 885,205,000 | 667,373,000 | 474,467,000 | 311,039,000 | 190,380,181 | 134,680,278 | 84,904,965 | 49,630,373 | 32,697,565 | 6,753,716 | |
Other Income Or Grants | 0 | 0 | 8,764,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 622,700,000 | 458,963,000 | 380,881,000 | 278,047,000 | 163,259,000 | 112,117,761 | 79,783,205 | 47,937,175 | 28,970,596 | 19,130,634 | 3,912,031 | |
Gross Profit | 519,000,000 | 426,242,000 | 295,256,000 | 196,420,000 | 147,780,000 | 78,262,420 | 54,897,073 | 36,967,790 | 20,659,777 | 13,566,931 | 2,841,685 | |
Admin Expenses | 427,000,000 | 276,138,000 | 224,149,000 | 319,414,000 | 203,171,000 | 84,291,398 | 58,697,345 | 40,847,630 | 23,997,714 | 16,209,893 | 3,614,871 | |
Operating Profit | 92,000,000 | 150,104,000 | 71,107,000 | -122,994,000 | -55,391,000 | -6,028,978 | -3,800,272 | -3,879,840 | -3,337,937 | -2,642,962 | -773,186 | |
Interest Payable | 83,700,000 | 72,730,000 | 63,657,000 | 42,537,000 | 22,795,000 | 11,933,795 | 6,540,032 | 3,977,539 | 3,832,902 | 2,563,023 | 673,517 | |
Interest Receivable | 100,000 | 5,000 | 110,000 | 259,000 | 2,000 | 0 | 25 | 238 | 0 | 92 | 0 | |
Pre-Tax Profit | 8,400,000 | 77,379,000 | 7,560,000 | -165,272,000 | -78,184,000 | -17,962,773 | -9,488,541 | -7,547,818 | -6,764,429 | -4,998,079 | -1,379,004 | |
Tax | 14,000,000 | -17,402,000 | 5,548,000 | 559,000 | 1,344,000 | -465,965 | 544,385 | 68,584 | 42,782 | 38,256 | 108,867 | |
Profit After Tax | 22,400,000 | 59,977,000 | 13,108,000 | -164,713,000 | -76,840,000 | -18,428,738 | -8,944,156 | -7,479,234 | -6,721,647 | -4,959,823 | -1,270,137 | |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Retained Profit | 22,400,000 | 59,977,000 | 13,108,000 | -164,713,000 | -76,840,000 | -18,428,738 | -8,944,156 | -7,479,234 | -6,721,647 | -4,959,823 | -1,270,137 | |
Employee Costs | 535,300,000 | 442,100,000 | 373,858,000 | 326,238,000 | 251,795,000 | 163,726,000 | 90,631,928 | 60,829,373 | 38,756,729 | 20,856,194 | 12,788,291 | 3,183,248 |
Number Of Employees | 15,583 | 16,098 | 15,293 | 9,944 | 8,125 | 6,259 | 4,097 | 2,778 | 1,465 | 820 | 639 | 211 |
EBITDA* | 182,500,000 | 190,504,000 | 108,945,000 | 9,879,000 | 11,118,000 | 23,696,175 | 17,807,479 | 10,228,203 | 6,185,642 | 4,031,989 | 616,842 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 83,300,000 | 1,076,300,000 | 836,270,000 | 565,406,000 | 51,747,000 | 35,259,000 | 19,279,736 | 12,155,013 | 6,709,429 | 3,732,982 | 2,203,150 | 950,721 |
Intangible Assets | 1,264,500,000 | 1,081,000,000 | 985,394,000 | 889,353,000 | 445,306,000 | 259,305,000 | 123,614,637 | 72,865,229 | 47,558,525 | 30,528,640 | 27,624,784 | 24,076,301 |
Investments & Other | 248,600,000 | 306,800,000 | 299,296,000 | 250,191,000 | 360,415,000 | 278,980,000 | 101,883,029 | 25,529,602 | 4,375,178 | 12,147,635 | 4,628,336 | 3,658,040 |
Debtors (Due After 1 year) | 50,200,000 | 484,900,000 | 302,797,000 | 90,883,000 | 54,499,000 | 0 | 0 | 634,990 | 2,448,199 | 3,360,853 | 0 | 0 |
Total Fixed Assets | 1,646,600,000 | 2,157,300,000 | 1,821,664,000 | 1,454,759,000 | 911,967,000 | 573,544,000 | 244,777,402 | 111,184,834 | 61,091,331 | 49,770,110 | 34,456,270 | 28,685,062 |
Stock & work in progress | 25,100,000 | 24,900,000 | 22,219,000 | 17,002,000 | 19,341,000 | 7,868,000 | 3,983,347 | 2,880,284 | 2,079,520 | 1,135,266 | 845,573 | 539,256 |
Trade Debtors | 31,000,000 | 33,500,000 | 32,481,000 | 31,510,000 | 22,908,000 | 24,266,000 | 10,462,425 | 5,886,199 | 4,093,144 | 2,478,941 | 1,418,211 | 988,808 |
Group Debtors | 0 | 0 | 0 | 606,000 | 607,000 | 18,378,000 | 37,158,594 | 634,990 | 3,837,548 | 2,267,779 | 562,209 | 0 |
Misc Debtors | 66,500,000 | 54,500,000 | 61,896,000 | 37,501,000 | 38,289,000 | 21,413,000 | 10,795,819 | 5,629,772 | 0 | 0 | 1,317,291 | 1,130,475 |
Cash | 72,600,000 | 51,900,000 | 38,394,000 | 97,190,000 | 16,377,000 | 10,114,000 | 11,586,511 | 11,517,021 | 6,280,532 | 1,660,785 | 1,596,073 | 1,737,919 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 195,200,000 | 166,000,000 | 161,977,000 | 184,002,000 | 97,522,000 | 82,039,000 | 73,986,696 | 26,548,266 | 16,290,744 | 7,542,771 | 5,739,357 | 4,396,458 |
total assets | 1,841,800,000 | 2,323,300,000 | 1,983,641,000 | 1,638,761,000 | 1,009,489,000 | 655,583,000 | 318,764,098 | 137,733,100 | 77,382,075 | 57,312,881 | 40,195,627 | 33,081,520 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 194,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 57,900,000 | 58,200,000 | 61,239,000 | 45,978,000 | 52,737,000 | 37,945,000 | 20,887,320 | 14,339,023 | 8,913,692 | 5,340,143 | 3,570,697 | 1,948,601 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 200,000 | 0 | 320,379,921 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 19,200,000 | 23,726,000 | 56,751,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 24,900,000 | 22,100,000 | 18,420,000 | 17,129,000 | 933,000 | 596,000 | 390,179 | 208,109 | 30,795 | 25,646 | 44,180 | 38,177 |
other current liabilities | 120,600,000 | 84,800,000 | 126,841,000 | 120,016,000 | 91,235,000 | 49,118,000 | 24,224,603 | 12,070,547 | 6,237,789 | 3,487,941 | 2,365,944 | 2,943,696 |
total current liabilities | 203,400,000 | 184,300,000 | 230,226,000 | 239,874,000 | 145,105,000 | 87,853,000 | 365,882,023 | 26,617,679 | 15,182,276 | 8,853,730 | 5,980,821 | 4,930,474 |
loans | 1,368,700,000 | 398,600,000 | 1,926,724,000 | 1,639,403,000 | 1,121,395,000 | 692,591,000 | 0 | 139,993,069 | 82,600,527 | 61,405,651 | 40,419,670 | 29,221,182 |
hp & lease commitments | 176,200,000 | 174,100,000 | 151,011,000 | 158,936,000 | 1,480,000 | 0 | 903,066 | 497,348 | 30,112 | 5,106 | 25,095 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 1,048,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 25,500,000 | 1,885,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 |
provisions | 24,800,000 | 67,600,000 | 62,132,000 | 46,438,000 | 31,083,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 1,595,200,000 | 2,118,200,000 | 1,783,235,000 | 1,488,684,000 | 1,153,958,000 | 692,591,000 | 903,066 | 140,490,417 | 82,630,639 | 61,410,757 | 40,444,765 | 29,421,182 |
total liabilities | 1,798,600,000 | 2,302,500,000 | 2,013,461,000 | 1,728,558,000 | 1,299,063,000 | 780,444,000 | 366,785,089 | 167,108,096 | 97,812,915 | 70,264,487 | 46,425,586 | 34,351,656 |
net assets | 43,200,000 | 20,800,000 | -29,820,000 | -89,797,000 | -289,574,000 | -124,861,000 | -48,020,991 | -29,374,996 | -20,430,840 | -12,951,606 | -6,229,959 | -1,270,136 |
total shareholders funds | 43,200,000 | 20,800,000 | -29,820,000 | -89,797,000 | -289,574,000 | -124,861,000 | -48,020,991 | -29,374,996 | -20,430,840 | -12,951,606 | -6,229,959 | -1,270,136 |
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | 92,000,000 | 150,104,000 | 71,107,000 | -122,994,000 | -55,391,000 | -6,028,978 | -3,800,272 | -3,879,840 | -3,337,937 | -2,642,962 | -773,186 | |
Depreciation | 60,800,000 | 60,700,000 | 40,400,000 | 37,838,000 | 14,301,000 | 9,258,000 | 4,943,889 | 3,456,090 | 2,133,602 | 1,134,461 | 593,403 | 76,267 |
Amortisation | 29,700,000 | 25,300,000 | 0 | 0 | 118,572,000 | 57,251,000 | 24,781,264 | 18,151,661 | 11,974,441 | 8,389,118 | 6,081,548 | 1,313,761 |
Tax | 14,000,000 | -17,402,000 | 5,548,000 | 559,000 | 1,344,000 | -465,965 | 544,385 | 68,584 | 42,782 | 38,256 | 108,867 | |
Stock | 200,000 | 2,681,000 | 5,217,000 | -2,339,000 | 11,473,000 | 3,884,653 | 1,103,063 | 800,764 | 944,254 | 289,693 | 306,317 | 539,256 |
Debtors | -425,200,000 | 175,726,000 | 236,674,000 | 44,197,000 | 52,246,000 | 5,640,162 | 45,630,887 | 2,407,060 | 2,271,318 | 4,809,862 | 1,178,428 | 2,119,283 |
Creditors | -300,000 | -3,039,000 | 15,261,000 | -6,759,000 | 14,792,000 | 17,057,680 | 6,548,297 | 5,425,331 | 3,573,549 | 1,769,446 | 1,622,096 | 1,948,601 |
Accruals and Deferred Income | 35,800,000 | -42,041,000 | 5,777,000 | 29,829,000 | 42,117,000 | 24,893,397 | 12,154,056 | 5,832,758 | 2,749,848 | 1,121,997 | -577,752 | 2,943,696 |
Deferred Taxes & Provisions | -42,800,000 | 5,468,000 | 15,694,000 | 15,355,000 | 31,083,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 614,200,000 | -32,057,000 | 111,060,000 | 34,711,000 | 44,888,262 | -4,801,387 | 26,402,129 | 13,404,612 | 4,020,312 | 3,629,844 | 2,959,467 | |
Investing Activities | ||||||||||||
capital expenditure | ||||||||||||
Change in Investments | -58,200,000 | 7,504,000 | 49,105,000 | -110,224,000 | 81,435,000 | 177,096,971 | 76,353,427 | 21,154,424 | -7,772,457 | 7,519,299 | 970,296 | 3,658,040 |
cash flow from investments | ||||||||||||
Financing Activities | ||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -200,000 | 200,000 | -320,379,921 | 320,379,921 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | -19,200,000 | -4,526,000 | -33,025,000 | 56,751,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 970,100,000 | -1,528,124,000 | 287,321,000 | 518,008,000 | 428,804,000 | 692,591,000 | -139,993,069 | 57,392,542 | 21,194,876 | 20,985,981 | 11,198,488 | 29,221,182 |
Hire Purchase and Lease Commitments | 4,900,000 | 26,769,000 | -6,634,000 | 173,652,000 | 1,817,000 | -697,245 | 587,788 | 644,550 | 30,155 | -38,523 | 31,098 | 38,177 |
other long term liabilities | -1,859,600,000 | 1,885,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200,000 | 200,000 |
share issue | ||||||||||||
interest | -83,600,000 | -72,725,000 | -63,547,000 | -42,278,000 | -22,793,000 | -11,933,795 | -6,540,007 | -3,977,301 | -3,832,902 | -2,562,931 | -673,517 | |
cash flow from financing | -987,400,000 | 174,937,000 | 871,333,000 | 388,543,000 | 348,720,825 | 168,823,588 | 51,497,085 | 17,247,730 | 17,114,556 | 8,466,655 | 28,785,843 | |
cash and cash equivalents | ||||||||||||
cash | 20,700,000 | 13,506,000 | -58,796,000 | 80,813,000 | 6,263,000 | -1,472,511 | 69,490 | 5,236,489 | 4,619,747 | 64,712 | -141,846 | 1,737,919 |
overdraft | 0 | 0 | 0 | 0 | -194,000 | 194,000 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 20,700,000 | 13,506,000 | -58,796,000 | 80,813,000 | 6,457,000 | -1,666,511 | 69,490 | 5,236,489 | 4,619,747 | 64,712 | -141,846 | 1,737,919 |
independent vetcare limited Credit Report and Business Information
Independent Vetcare Limited Competitor Analysis
Perform a competitor analysis for independent vetcare limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in BS31 area or any other competitors across 12 key performance metrics.
independent vetcare limited Ownership
INDEPENDENT VETCARE LIMITED group structure
Independent Vetcare Limited has 310 subsidiary companies.
Ultimate parent company
ISLAY NEW GROUP HOLDING SA
#0146137
2 parents
INDEPENDENT VETCARE LIMITED
07746795
310 subsidiaries
independent vetcare limited directors
Independent Vetcare Limited currently has 5 directors. The longest serving directors include Miss Donna Chapman (Jun 2020) and Mr Philip McNally (Feb 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Miss Donna Chapman | 44 years | Jun 2020 | - | Director | |
Mr Philip McNally | 53 years | Feb 2022 | - | Director | |
Mr Simon Smith | United Kingdom | 53 years | Feb 2022 | - | Director |
Mr Duncan Phillips | 47 years | Feb 2022 | - | Director | |
Mr Clark Grant | 48 years | Jul 2022 | - | Director |
P&L
September 2023turnover
1.1b
0%
operating profit
92m
0%
gross margin
45.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
43.2m
+1.08%
total assets
1.8b
-0.21%
cash
72.6m
+0.4%
net assets
Total assets minus all liabilities
independent vetcare limited company details
company number
07746795
Type
Private limited with Share Capital
industry
75000 - Veterinary activities
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
nemo acquisitions trading limited (December 2011)
accountant
-
auditor
DELOITTE LLP
address
the chocolate factory, keynsham, bristol, BS31 2AU
Bank
HSBC BANK PLC
Legal Advisor
-
independent vetcare 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 14 charges/mortgages relating to independent vetcare limited. Currently there are 5 open charges and 9 have been satisfied in the past.
independent vetcare 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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independent vetcare limited Companies House Filings - See Documents
date | description | view/download |
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