independent vetcare limited

independent vetcare limited Company Information

Share INDEPENDENT VETCARE LIMITED
Live 
EstablishedMegaHigh

Company Number

07746795

Industry

Veterinary activities

 

Shareholders

ivc acquisition limited

Group Structure

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Contact

Registered Address

the chocolate factory, keynsham, bristol, BS31 2AU

independent vetcare limited Estimated Valuation

£1.2b

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

£945.1m

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

£54m

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

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

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

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

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

Employees

with 15583 employees, this is above the industry average (26)

15583 - Independent Vetcare Limited

26 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £73.3k, this is equally as efficient (£70k)

£73.3k - Independent Vetcare Limited

£70k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012
Turnover1,141,700,000847,256,312885,205,000667,373,000474,467,000311,039,000190,380,181134,680,27884,904,96549,630,37332,697,5656,753,716
Other Income Or Grants0008,764,00000000000
Cost Of Sales622,700,000207,743,432458,963,000380,881,000278,047,000163,259,000112,117,76179,783,20547,937,17528,970,59619,130,6343,912,031
Gross Profit519,000,000639,512,880426,242,000295,256,000196,420,000147,780,00078,262,42054,897,07336,967,79020,659,77713,566,9312,841,685
Admin Expenses427,000,000480,344,548276,138,000224,149,000319,414,000203,171,00084,291,39858,697,34540,847,63023,997,71416,209,8933,614,871
Operating Profit92,000,000159,168,332150,104,00071,107,000-122,994,000-55,391,000-6,028,978-3,800,272-3,879,840-3,337,937-2,642,962-773,186
Interest Payable83,700,00097,690,31372,730,00063,657,00042,537,00022,795,00011,933,7956,540,0323,977,5393,832,9022,563,023673,517
Interest Receivable100,0001,015,8085,000110,000259,0002,0000252380920
Pre-Tax Profit8,400,00062,493,82777,379,0007,560,000-165,272,000-78,184,000-17,962,773-9,488,541-7,547,818-6,764,429-4,998,079-1,379,004
Tax14,000,000-11,873,827-17,402,0005,548,000559,0001,344,000-465,965544,38568,58442,78238,256108,867
Profit After Tax22,400,00050,620,00059,977,00013,108,000-164,713,000-76,840,000-18,428,738-8,944,156-7,479,234-6,721,647-4,959,823-1,270,137
Dividends Paid000000000000
Retained Profit22,400,00050,620,00059,977,00013,108,000-164,713,000-76,840,000-18,428,738-8,944,156-7,479,234-6,721,647-4,959,823-1,270,137
Employee Costs535,300,000442,100,000373,858,000326,238,000251,795,000163,726,00090,631,92860,829,37338,756,72920,856,19412,788,2913,183,248
Number Of Employees15,58316,09815,2939,9448,1256,2594,0972,7781,465820639211
EBITDA*182,500,000245,168,332190,504,000108,945,0009,879,00011,118,00023,696,17517,807,47910,228,2036,185,6424,031,989616,842

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012
Tangible Assets83,300,0001,076,300,000836,270,000565,406,00051,747,00035,259,00019,279,73612,155,0136,709,4293,732,9822,203,150950,721
Intangible Assets1,264,500,0001,081,000,000985,394,000889,353,000445,306,000259,305,000123,614,63772,865,22947,558,52530,528,64027,624,78424,076,301
Investments & Other248,600,000306,800,000299,296,000250,191,000360,415,000278,980,000101,883,02925,529,6024,375,17812,147,6354,628,3363,658,040
Debtors (Due After 1 year)50,200,000484,900,000302,797,00090,883,00054,499,00000634,9902,448,1993,360,85300
Total Fixed Assets1,646,600,0002,157,300,0001,821,664,0001,454,759,000911,967,000573,544,000244,777,402111,184,83461,091,33149,770,11034,456,27028,685,062
Stock & work in progress25,100,00024,900,00022,219,00017,002,00019,341,0007,868,0003,983,3472,880,2842,079,5201,135,266845,573539,256
Trade Debtors31,000,00033,500,00032,481,00031,510,00022,908,00024,266,00010,462,4255,886,1994,093,1442,478,9411,418,211988,808
Group Debtors000606,000607,00018,378,00037,158,594634,9903,837,5482,267,779562,2090
Misc Debtors66,500,00054,500,00061,896,00037,501,00038,289,00021,413,00010,795,8195,629,772001,317,2911,130,475
Cash72,600,00051,900,00038,394,00097,190,00016,377,00010,114,00011,586,51111,517,0216,280,5321,660,7851,596,0731,737,919
misc current assets000000000000
total current assets195,200,000166,000,000161,977,000184,002,00097,522,00082,039,00073,986,69626,548,26616,290,7447,542,7715,739,3574,396,458
total assets1,841,800,0002,323,300,0001,983,641,0001,638,761,0001,009,489,000655,583,000318,764,098137,733,10077,382,07557,312,88140,195,62733,081,520
Bank overdraft00000194,000000000
Bank loan000000000000
Trade Creditors 57,900,00058,200,00061,239,00045,978,00052,737,00037,945,00020,887,32014,339,0238,913,6925,340,1433,570,6971,948,601
Group/Directors Accounts0000200,0000320,379,92100000
other short term finances019,200,00023,726,00056,751,00000000000
hp & lease commitments24,900,00022,100,00018,420,00017,129,000933,000596,000390,179208,10930,79525,64644,18038,177
other current liabilities120,600,00084,800,000126,841,000120,016,00091,235,00049,118,00024,224,60312,070,5476,237,7893,487,9412,365,9442,943,696
total current liabilities203,400,000184,300,000230,226,000239,874,000145,105,00087,853,000365,882,02326,617,67915,182,2768,853,7305,980,8214,930,474
loans1,368,700,000398,600,0001,926,724,0001,639,403,0001,121,395,000692,591,0000139,993,06982,600,52761,405,65140,419,67029,221,182
hp & lease commitments176,200,000174,100,000151,011,000158,936,0001,480,0000903,066497,34830,1125,10625,0950
Accruals and Deferred Income0001,048,00000000000
other liabilities25,500,0001,885,100,000000000000200,000
provisions24,800,00067,600,00062,132,00046,438,00031,083,0000000000
total long term liabilities1,595,200,0002,118,200,0001,783,235,0001,488,684,0001,153,958,000692,591,000903,066140,490,41782,630,63961,410,75740,444,76529,421,182
total liabilities1,798,600,0002,302,500,0002,013,461,0001,728,558,0001,299,063,000780,444,000366,785,089167,108,09697,812,91570,264,48746,425,58634,351,656
net assets43,200,00020,800,000-29,820,000-89,797,000-289,574,000-124,861,000-48,020,991-29,374,996-20,430,840-12,951,606-6,229,959-1,270,136
total shareholders funds43,200,00020,800,000-29,820,000-89,797,000-289,574,000-124,861,000-48,020,991-29,374,996-20,430,840-12,951,606-6,229,959-1,270,136
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012
Operating Activities
Operating Profit92,000,000159,168,332150,104,00071,107,000-122,994,000-55,391,000-6,028,978-3,800,272-3,879,840-3,337,937-2,642,962-773,186
Depreciation60,800,00060,700,00040,400,00037,838,00014,301,0009,258,0004,943,8893,456,0902,133,6021,134,461593,40376,267
Amortisation29,700,00025,300,00000118,572,00057,251,00024,781,26418,151,66111,974,4418,389,1186,081,5481,313,761
Tax14,000,000-11,873,827-17,402,0005,548,000559,0001,344,000-465,965544,38568,58442,78238,256108,867
Stock200,0002,681,0005,217,000-2,339,00011,473,0003,884,6531,103,063800,764944,254289,693306,317539,256
Debtors-425,200,000175,726,000236,674,00044,197,00052,246,0005,640,16245,630,8872,407,0602,271,3184,809,8621,178,4282,119,283
Creditors-300,000-3,039,00015,261,000-6,759,00014,792,00017,057,6806,548,2975,425,3313,573,5491,769,4461,622,0961,948,601
Accruals and Deferred Income35,800,000-42,041,0005,777,00029,829,00042,117,00024,893,39712,154,0565,832,7582,749,8481,121,997-577,7522,943,696
Deferred Taxes & Provisions-42,800,0005,468,00015,694,00015,355,00031,083,0000000000
Cash flow from operations614,200,00015,275,505-32,057,000111,060,00034,711,00044,888,262-4,801,38726,402,12913,404,6124,020,3123,629,8442,959,467
Investing Activities
capital expenditure719,000,000-421,636,000-407,305,000-995,544,000-335,362,000-218,178,627-87,599,284-52,360,039-34,114,375-13,957,267-11,475,863-26,417,050
Change in Investments-58,200,0007,504,00049,105,000-110,224,00081,435,000177,096,97176,353,42721,154,424-7,772,4577,519,299970,2963,658,040
cash flow from investments777,200,000-429,140,000-456,410,000-885,320,000-416,797,000-395,275,598-163,952,711-73,514,463-26,341,918-21,476,566-12,446,159-30,075,090
Financing Activities
Bank loans000000000000
Group/Directors Accounts000-200,000200,000-320,379,921320,379,92100000
Other Short Term Loans -19,200,000-4,526,000-33,025,00056,751,00000000000
Long term loans970,100,000-1,528,124,000287,321,000518,008,000428,804,000692,591,000-139,993,06957,392,54221,194,87620,985,98111,198,48829,221,182
Hire Purchase and Lease Commitments4,900,00026,769,000-6,634,000173,652,0001,817,000-697,245587,788644,55030,155-38,52331,09838,177
other long term liabilities-1,859,600,0001,885,100,00000000000-200,000200,000
share issue000186,669,0000-9-217,25700001
interest-83,600,000-96,674,505-72,725,000-63,547,000-42,278,000-22,793,000-11,933,795-6,540,007-3,977,301-3,832,902-2,562,931-673,517
cash flow from financing-987,400,000282,544,495174,937,000871,333,000388,543,000348,720,825168,823,58851,497,08517,247,73017,114,5568,466,65528,785,843
cash and cash equivalents
cash20,700,00013,506,000-58,796,00080,813,0006,263,000-1,472,51169,4905,236,4894,619,74764,712-141,8461,737,919
overdraft0000-194,000194,000000000
change in cash20,700,00013,506,000-58,796,00080,813,0006,457,000-1,666,51169,4905,236,4894,619,74764,712-141,8461,737,919

independent vetcare limited Credit Report and Business Information

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Independent Vetcare Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

ivc acquisition limited 100%

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).

officercountryagestartendrole
Miss Donna Chapman44 years Jun 2020- Director
Mr Philip McNally53 years Feb 2022- Director
Mr Simon SmithUnited Kingdom53 years Feb 2022- Director
Mr Duncan Phillips47 years Feb 2022- Director
Mr Clark Grant48 years Jul 2022- Director

P&L

September 2023

turnover

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 2023

net 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

ISLAY NEW GROUP HOLDING SA

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

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