Pomanda estimates the enterprise value of VETPARTNERS PRACTICES LIMITED at £241m based on a Turnover of £184.6m and 1.31x industry multiple (adjusted for size and gross margin).
vetpartners practices limitedEstimated Valuation
£199.4m
Pomanda estimates the enterprise value of VETPARTNERS PRACTICES LIMITED at £199.4m based on an EBITDA of £27.5m and a 7.25x industry multiple (adjusted for size and gross margin).
vetpartners practices limitedEstimated Valuation
£205.4m
Pomanda estimates the enterprise value of VETPARTNERS PRACTICES LIMITED at £205.4m based on Net Assets of £171.6m and 1.2x industry multiple (adjusted for liquidity).
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Vetpartners Practices LimitedOverview
Vetpartners Practices Limited is a live company located in york, YO30 4UZ with a Companies House number of 10084952. It operates in the veterinary activities sector, SIC Code 75000. Founded in March 2016, it's largest shareholder is
vetpartners limited
with a 100% stake. Vetpartners Practices Limited is a young,
mega sized company, Pomanda has estimated its turnover at
£184.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Vetpartners Practices Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
5 Regular
4 Weak
Size
annual sales of £184.6m, make it larger than the average company (£2.3m)
£184.6m - Vetpartners Practices Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.5%)
4% - Vetpartners Practices Limited
8.5% - Industry AVG
Production
with a gross margin of 80.3%, this company has a comparable cost of product (78.3%)
80.3% - Vetpartners Practices Limited
78.3% - Industry AVG
Profitability
an operating margin of 10.7% make it as profitable than the average company (11.2%)
10.7% - Vetpartners Practices Limited
11.2% - Industry AVG
Employees
with 2688 employees, this is above the industry average (34)
2688 - Vetpartners Practices Limited
34 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£34.4k)
£30.6k - Vetpartners Practices Limited
£34.4k - Industry AVG
Efficiency
resulting in sales per employee of £68.7k, this is equally as efficient (£71.2k)
£68.7k - Vetpartners Practices Limited
£71.2k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (18 days)
14 days - Vetpartners Practices Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (33 days)
11 days - Vetpartners Practices Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is in line with average (31 days)
33 days - Vetpartners Practices Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (7 weeks)
5 weeks - Vetpartners Practices Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.5%, this is a higher level of debt than the average (32.3%)
81.5% - Vetpartners Practices Limited
32.3% - Industry AVG
VETPARTNERS PRACTICES LIMITED financials
EXPORT
Vetpartners Practices Limited's latest turnover from June 2024 is £184.6 million and the company has net assets of £171.6 million. According to their latest financial statements, Vetpartners Practices Limited has 2,688 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Turnover
184,599,165
176,597,479
174,204,800
164,045,935
142,151,218
72,712,311
20,674,967
3,884,507
Other Income Or Grants
Cost Of Sales
36,284,473
34,860,883
35,101,699
33,382,606
29,568,091
15,283,278
4,363,984
921,242
Gross Profit
148,314,692
141,736,596
139,103,101
130,663,329
112,583,127
57,429,033
16,310,983
2,963,265
Admin Expenses
128,503,592
118,402,607
116,109,929
107,558,274
104,575,725
53,584,465
15,323,110
2,716,221
Operating Profit
19,811,100
23,333,989
22,993,172
23,105,055
8,007,402
3,844,568
987,873
247,044
Interest Payable
3,662,146
9,436,606
4,749,325
1,070,817
1,964,391
1,530,374
1,792,868
233,307
Interest Receivable
4,473,485
18
820
Pre-Tax Profit
16,148,954
13,897,383
22,717,332
22,034,256
6,043,831
2,314,315
-804,995
13,737
Tax
-1,432,246
1,711,897
-443,977
459,338
Profit After Tax
14,716,708
15,609,280
22,273,355
22,493,594
6,043,831
2,314,315
-804,995
13,737
Dividends Paid
Retained Profit
14,716,708
15,609,280
22,273,355
22,493,594
6,043,831
2,314,315
-804,995
13,737
Employee Costs
82,238,535
78,983,958
74,325,275
71,577,289
68,486,205
31,229,013
8,340,885
1,605,987
Number Of Employees
2,688
2,792
2,591
2,377
2,272
769
361
59
EBITDA*
27,500,217
30,739,911
32,098,669
28,971,780
16,989,199
9,317,292
2,436,755
470,299
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Tangible Assets
17,100,785
18,418,250
16,609,290
15,728,979
13,646,209
10,401,343
3,478,736
583,303
Intangible Assets
126,547,110
129,730,251
153,315,479
157,378,398
168,028,117
139,787,078
126,928,466
9,192,927
Investments & Other
202,534,458
126,353,135
120,300,768
Debtors (Due After 1 year)
562,245,877
288,314,799
324,728,816
274,557,541
172,949,150
117,856,798
216,794
Total Fixed Assets
908,428,230
562,816,435
614,954,353
447,664,918
354,623,476
268,045,219
130,407,202
9,993,024
Stock & work in progress
3,341,424
3,415,526
3,466,192
3,245,530
3,706,426
2,448,215
1,879,420
216,083
Trade Debtors
7,515,023
7,801,751
7,253,773
6,886,289
7,533,671
6,077,798
3,372,647
155,216
Group Debtors
Misc Debtors
3,732,185
401,713,955
193,139,500
2,064,638
7,007,565
3,945,158
3,131,775
382,859
Cash
2,179,317
1,489,770
2,901,296
13,717,794
9,523,882
7,465,781
3,772,005
143,401
misc current assets
total current assets
16,767,949
414,421,002
206,760,761
25,914,251
27,771,544
19,936,952
12,155,847
897,559
total assets
925,196,179
977,237,437
821,715,114
473,579,169
382,395,020
287,982,171
142,563,049
10,890,583
Bank overdraft
Bank loan
10,000
Trade Creditors
1,103,405
1,286,107
207,196
982,194
7,359,518
6,147,821
4,644,516
765,571
Group/Directors Accounts
other short term finances
26,376
hp & lease commitments
219,041
286,750
111,632
47,520
40,061
45,177
other current liabilities
19,258,523
17,751,141
21,175,019
21,050,319
26,243,690
13,849,174
5,778,597
617,431
total current liabilities
20,580,969
19,323,998
21,493,847
22,058,889
33,660,728
20,037,056
10,468,290
1,383,002
loans
732,875,915
801,048,318
658,504,304
332,512,216
251,635,296
176,785,434
43,801,707
9,493,843
hp & lease commitments
29,714
97,667
32,610
Accruals and Deferred Income
other liabilities
provisions
157,466
461,122
25,578
580,390
616,953
129,696
total long term liabilities
733,033,381
801,048,318
658,965,426
332,537,794
252,245,400
177,500,054
43,964,013
9,493,843
total liabilities
753,614,350
820,372,316
680,459,273
354,596,683
285,906,128
197,537,110
54,432,303
10,876,845
net assets
171,581,829
156,865,121
141,255,841
118,982,486
96,488,892
90,445,061
88,130,746
13,738
total shareholders funds
171,581,829
156,865,121
141,255,841
118,982,486
96,488,892
90,445,061
88,130,746
13,738
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Operating Activities
Operating Profit
19,811,100
23,333,989
22,993,172
23,105,055
8,007,402
3,844,568
987,873
247,044
Depreciation
4,505,976
4,186,823
4,591,965
3,682,636
3,248,851
1,290,141
262,997
29,267
Amortisation
3,183,141
3,219,099
4,513,532
2,184,089
5,732,946
4,182,583
1,185,885
193,988
Tax
-1,432,246
1,711,897
-443,977
459,338
Stock
-74,102
-50,666
220,662
-460,896
1,258,211
568,795
1,663,337
216,083
Debtors
-124,337,420
172,708,416
241,613,621
96,018,082
59,610,632
121,375,332
5,749,553
754,869
Creditors
-182,702
1,078,911
-774,998
-6,377,324
1,211,697
1,503,305
3,878,945
765,571
Accruals and Deferred Income
1,507,382
-3,423,878
124,700
-5,193,371
12,394,516
8,070,577
5,161,166
617,431
Deferred Taxes & Provisions
157,466
-461,122
435,544
-554,812
-36,563
487,257
129,696
Cash flow from operations
151,961,639
-143,012,031
-210,394,345
-78,251,575
-30,309,994
-102,565,696
4,193,672
882,349
Investing Activities
capital expenditure
-3,188,511
14,370,346
-5,922,889
2,700,224
-40,467,702
-25,253,943
-122,079,854
-9,999,485
Change in Investments
76,181,323
6,052,367
120,300,768
cash flow from investments
-79,369,834
8,317,979
-126,223,657
2,700,224
-40,467,702
-25,253,943
-122,079,854
-9,999,485
Financing Activities
Bank loans
-10,000
10,000
Group/Directors Accounts
Other Short Term Loans
-26,376
26,376
Long term loans
-68,172,403
142,544,014
325,992,088
80,876,920
74,849,862
132,983,727
34,307,864
9,493,843
Hire Purchase and Lease Commitments
-67,709
175,118
111,632
-77,234
-60,494
59,941
77,787
other long term liabilities
share issue
88,922,003
1
interest
-3,662,146
-9,436,606
-275,840
-1,070,799
-1,963,571
-1,530,374
-1,792,868
-233,307
cash flow from financing
-71,902,258
133,282,526
325,801,504
79,745,263
72,835,797
131,513,294
121,514,786
9,260,537
cash and cash equivalents
cash
689,547
-1,411,526
-10,816,498
4,193,912
2,058,101
3,693,776
3,628,604
143,401
overdraft
change in cash
689,547
-1,411,526
-10,816,498
4,193,912
2,058,101
3,693,776
3,628,604
143,401
vetpartners practices limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for vetpartners practices limited. Get real-time insights into vetpartners practices limited's credit score, group structure and payment trends.
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vetpartners practices limited Ownership
VETPARTNERS PRACTICES LIMITED group structure
Vetpartners Practices Limited has no subsidiary companies.
The sole shareholder of Vetpartners Practices Limited is Vetpartners Limited.
vetpartners limited
100%
vetpartners practices limited directors
Vetpartners Practices Limited currently has 3 directors.
The longest serving directors include
Mrs Joanna Malone (Mar 2016) and
Mrs Joanna Malone (Mar 2016).
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 20 charges/mortgages relating to vetpartners practices limited. Currently there are 16 open charges and 4 have been satisfied in the past.
vetpartners practices 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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vetpartners practices limitedCompanies House Filings - See Documents
