pioneer veterinary products limited
pioneer veterinary products limited Company Information
Company Number
09963048
Next Accounts
Sep 2025
Shareholders
bluegreen oasis ltd
emma louise anderson
View AllGroup Structure
View All
Industry
Wholesale of pharmaceutical goods
Registered Address
woolage farm woolage green, canterbury, kent, CT4 6SG
Website
www.pioneervet.co.ukpioneer veterinary products limited Estimated Valuation
Pomanda estimates the enterprise value of PIONEER VETERINARY PRODUCTS LIMITED at £3.7m based on a Turnover of £7.9m and 0.46x industry multiple (adjusted for size and gross margin).
pioneer veterinary products limited Estimated Valuation
Pomanda estimates the enterprise value of PIONEER VETERINARY PRODUCTS LIMITED at £2.5m based on an EBITDA of £530.2k and a 4.71x industry multiple (adjusted for size and gross margin).
pioneer veterinary products limited Estimated Valuation
Pomanda estimates the enterprise value of PIONEER VETERINARY PRODUCTS LIMITED at £3.9m based on Net Assets of £2m and 1.91x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Pioneer Veterinary Products Limited Overview
Pioneer Veterinary Products Limited is a live company located in kent, CT4 6SG with a Companies House number of 09963048. It operates in the wholesale of pharmaceutical goods sector, SIC Code 46460. Founded in January 2016, it's largest shareholder is bluegreen oasis ltd with a 100% stake. Pioneer Veterinary Products Limited is a young, mid sized company, Pomanda has estimated its turnover at £7.9m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Pioneer Veterinary Products Limited Health Check
Pomanda's financial health check has awarded Pioneer Veterinary Products Limited a 5 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 £7.9m, make it smaller than the average company (£24.7m)
- Pioneer Veterinary Products Limited
£24.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (5.3%)
- Pioneer Veterinary Products Limited
5.3% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)
- Pioneer Veterinary Products Limited
29.5% - Industry AVG
Profitability
an operating margin of 5.4% make it more profitable than the average company (4.2%)
- Pioneer Veterinary Products Limited
4.2% - Industry AVG
Employees
with 23 employees, this is below the industry average (36)
23 - Pioneer Veterinary Products Limited
36 - Industry AVG
Pay Structure
on an average salary of £81.8k, the company has an equivalent pay structure (£81.8k)
- Pioneer Veterinary Products Limited
£81.8k - Industry AVG
Efficiency
resulting in sales per employee of £343.9k, this is less efficient (£674.9k)
- Pioneer Veterinary Products Limited
£674.9k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (58 days)
- Pioneer Veterinary Products Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (29 days)
- Pioneer Veterinary Products Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 94 days, this is more than average (66 days)
- Pioneer Veterinary Products Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (11 weeks)
26 weeks - Pioneer Veterinary Products Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.4%, this is a lower level of debt than the average (54%)
41.4% - Pioneer Veterinary Products Limited
54% - Industry AVG
PIONEER VETERINARY PRODUCTS LIMITED financials
Pioneer Veterinary Products Limited's latest turnover from December 2023 is estimated at £7.9 million and the company has net assets of £2 million. According to their latest financial statements, Pioneer Veterinary Products Limited has 23 employees and maintains cash reserves of £515.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 23 | 22 | 19 | 18 | 17 | 12 | 4 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 86,644 | 94,158 | 46,669 | 47,204 | 37,727 | 42,749 | 23,875 | 0 |
| Intangible Assets | 90,387 | 171,754 | 213,887 | 148,953 | 102,978 | 112,500 | 125,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 177,031 | 265,912 | 260,556 | 196,157 | 140,705 | 155,249 | 148,875 | 0 |
| Stock & work in progress | 1,444,446 | 1,012,571 | 667,528 | 679,799 | 408,155 | 255,036 | 211,757 | 0 |
| Trade Debtors | 1,054,515 | 857,684 | 930,273 | 794,447 | 515,244 | 588,230 | 94,600 | 42,248 |
| Group Debtors | 20,968 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 270,629 | 252,659 | 283,644 | 209,428 | 81,868 | 52,247 | 8,131 | 0 |
| Cash | 515,594 | 729,746 | 528,394 | 561,525 | 19,604 | 189,640 | 878 | 2,154 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,306,152 | 2,852,660 | 2,409,839 | 2,245,199 | 1,024,871 | 1,085,153 | 315,366 | 44,402 |
| total assets | 3,483,183 | 3,118,572 | 2,670,395 | 2,441,356 | 1,165,576 | 1,240,402 | 464,241 | 44,402 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,625 | 10,917 | 9,996 | 8,437 | 0 | 0 | 0 | 0 |
| Trade Creditors | 529,409 | 301,513 | 469,125 | 529,987 | 373,040 | 448,797 | 24,430 | 12,365 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 457,928 | 629,522 | 351,164 | 523,481 | 342,188 | 431,823 | 387,553 | 15,474 |
| total current liabilities | 997,962 | 941,952 | 830,285 | 1,061,905 | 715,228 | 880,620 | 411,983 | 27,839 |
| loans | 414,375 | 424,083 | 435,004 | 41,563 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 51,731 | 455,139 | 264,768 | 300,557 | 0 | 0 |
| provisions | 28,416 | 20,399 | 8,867 | 8,969 | 7,168 | 3,209 | 0 | 0 |
| total long term liabilities | 442,791 | 444,482 | 495,602 | 505,671 | 271,936 | 303,766 | 0 | 0 |
| total liabilities | 1,440,753 | 1,386,434 | 1,325,887 | 1,567,576 | 987,164 | 1,184,386 | 411,983 | 27,839 |
| net assets | 2,042,430 | 1,732,138 | 1,344,508 | 873,780 | 178,412 | 56,016 | 52,258 | 16,563 |
| total shareholders funds | 2,042,430 | 1,732,138 | 1,344,508 | 873,780 | 178,412 | 56,016 | 52,258 | 16,563 |
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 19,422 | 16,634 | 7,921 | 9,493 | 12,291 | 11,036 | 0 | 0 |
| Amortisation | 81,367 | 79,109 | 44,597 | 18,005 | 12,557 | 12,500 | 0 | 0 |
| Tax | ||||||||
| Stock | 431,875 | 345,043 | 259,373 | 271,644 | 153,119 | 43,279 | 211,757 | 0 |
| Debtors | 235,769 | -103,574 | 616,805 | 406,763 | -43,365 | 537,746 | 60,483 | 42,248 |
| Creditors | 227,896 | -167,612 | 96,085 | 156,947 | -75,757 | 424,367 | 12,065 | 12,365 |
| Accruals and Deferred Income | -171,594 | 278,358 | 8,976 | 181,293 | -89,635 | 44,270 | 372,079 | 15,474 |
| Deferred Taxes & Provisions | 8,017 | 11,532 | 1,699 | 1,801 | 3,959 | 3,209 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -292 | 921 | 9,996 | 8,437 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,708 | -10,921 | 435,004 | 41,563 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -51,731 | -213,037 | 190,371 | -35,789 | 300,557 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -214,152 | 201,352 | 508,790 | 541,921 | -170,036 | 188,762 | -1,276 | 2,154 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -214,152 | 201,352 | 508,790 | 541,921 | -170,036 | 188,762 | -1,276 | 2,154 |
pioneer veterinary products limited Credit Report and Business Information
Pioneer Veterinary Products Limited Competitor Analysis
Perform a competitor analysis for pioneer veterinary products limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in CT4 area or any other competitors across 12 key performance metrics.
pioneer veterinary products limited Ownership
PIONEER VETERINARY PRODUCTS LIMITED group structure
Pioneer Veterinary Products Limited has no subsidiary companies.
Ultimate parent company
PIONEER VETERINARY PRODUCTS LIMITED
09963048
pioneer veterinary products limited directors
Pioneer Veterinary Products Limited currently has 3 directors. The longest serving directors include Mr Adrian Groombridge (Jan 2016) and Mr Jason Anderson (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Groombridge | England | 57 years | Jan 2016 | - | Director |
| Mr Jason Anderson | United Kingdom | 41 years | Jul 2020 | - | Director |
| Mr David Groombridge | England | 23 years | Jun 2024 | - | Director |
P&L
December 2023turnover
7.9m
+21%
operating profit
429.4k
0%
gross margin
29.6%
+1.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2m
+0.18%
total assets
3.5m
+0.12%
cash
515.6k
-0.29%
net assets
Total assets minus all liabilities
pioneer veterinary products limited company details
company number
09963048
Type
Private limited with Share Capital
industry
46460 - Wholesale of pharmaceutical goods
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
woolage farm woolage green, canterbury, kent, CT4 6SG
Bank
-
Legal Advisor
-
pioneer veterinary products 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 did not find charges/mortgages relating to pioneer veterinary products limited.
pioneer veterinary products 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.
Click to start generating capital raising & share issue transactions for PIONEER VETERINARY PRODUCTS LIMITED. This can take several minutes, an email will notify you when this has completed.
pioneer veterinary products limited Companies House Filings - See Documents
| date | description | view/download |
|---|
