Pomanda estimates the enterprise value of VET2VET LTD at £80.8k based on a Turnover of £162.5k and 0.5x industry multiple (adjusted for size and gross margin).
vet2vet ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of VET2VET LTD at £0 based on an EBITDA of £-68.3k and a 3.56x industry multiple (adjusted for size and gross margin).
vet2vet ltdEstimated Valuation
£165.5k
Pomanda estimates the enterprise value of VET2VET LTD at £165.5k based on Net Assets of £69.9k and 2.37x industry multiple (adjusted for liquidity).
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Vet2vet LtdOverview
Vet2vet Ltd is a live company located in lewes, BN8 6AR with a Companies House number of 10686306. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2017, it's largest shareholder is
zoe coker
with a 60% stake. Vet2vet Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£162.5k with
declining
growth in recent years.
Pomanda's financial health check has awarded Vet2Vet Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
2 Regular
6 Weak
Size
annual sales of £162.5k, make it smaller than the average company (£3.7m)
£162.5k - Vet2vet Ltd
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8.3%)
-12% - Vet2vet Ltd
8.3% - Industry AVG
Production
with a gross margin of 37.9%, this company has a comparable cost of product (37.9%)
37.9% - Vet2vet Ltd
37.9% - Industry AVG
Profitability
an operating margin of -42.8% make it less profitable than the average company (5.7%)
-42.8% - Vet2vet Ltd
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (22)
2 - Vet2vet Ltd
22 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
£46.6k - Vet2vet Ltd
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £81.2k, this is less efficient (£145.7k)
£81.2k - Vet2vet Ltd
£145.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Vet2vet Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (33 days)
11 days - Vet2vet Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vet2vet Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 161 weeks, this is more cash available to meet short term requirements (26 weeks)
161 weeks - Vet2vet Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.9%, this is a lower level of debt than the average (59%)
49.9% - Vet2vet Ltd
59% - Industry AVG
VET2VET LTD financials
EXPORT
Vet2Vet Ltd's latest turnover from March 2024 is estimated at £162.5 thousand and the company has net assets of £69.9 thousand. According to their latest financial statements, Vet2Vet Ltd has 2 employees and maintains cash reserves of £66.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Turnover
162,459
155,698
137,212
238,114
548,444
111,166
Other Income Or Grants
Cost Of Sales
100,855
95,628
85,244
149,463
340,071
69,198
Gross Profit
61,604
60,071
51,968
88,651
208,373
41,968
Admin Expenses
131,112
90,736
98,534
289,924
54,871
41,966
Operating Profit
-69,508
-30,665
-46,566
-201,273
153,502
2
Interest Payable
5,525
5,121
3,382
1,525
Interest Receivable
5,688
3,198
117
15
Pre-Tax Profit
-69,346
-32,588
-49,831
-202,783
153,502
2
Tax
-29,165
Profit After Tax
-69,346
-32,588
-49,831
-202,783
124,337
2
Dividends Paid
Retained Profit
-69,346
-32,588
-49,831
-202,783
124,337
2
Employee Costs
93,289
89,534
84,490
80,271
79,502
77,151
Number Of Employees
2
2
2
2
2
2
EBITDA*
-68,304
-29,344
-45,309
-199,656
153,502
2
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Tangible Assets
1,564
1,234
130
Intangible Assets
2,046
2,728
3,638
4,851
Investments & Other
Debtors (Due After 1 year)
66,417
43,926
18,921
Total Fixed Assets
70,027
47,888
3,768
23,772
Stock & work in progress
Trade Debtors
126,313
2
Group Debtors
Misc Debtors
3,026
3,362
71,821
70,127
Cash
66,553
150,116
390
30,725
misc current assets
total current assets
69,579
153,478
72,211
100,852
126,313
2
total assets
139,606
201,366
75,979
124,624
126,313
2
Bank overdraft
80
Bank loan
1,198
Trade Creditors
3,278
3,024
1,222
1,974
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
16,998
8,618
1,936
2,898
total current liabilities
21,474
11,642
3,238
2,898
1,974
loans
47,318
49,714
50,130
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
903
753
716
total long term liabilities
48,221
50,467
50,846
50,000
total liabilities
69,695
62,109
54,084
52,898
1,974
net assets
69,911
139,257
21,895
71,726
124,339
2
total shareholders funds
69,911
139,257
21,895
71,726
124,339
2
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Operating Activities
Operating Profit
-69,508
-30,665
-46,566
-201,273
153,502
2
Depreciation
522
411
44
Amortisation
682
910
1,213
1,617
Tax
-29,165
Stock
Debtors
22,155
-24,533
-17,227
-37,265
126,311
2
Creditors
254
1,802
1,222
-1,974
1,974
Accruals and Deferred Income
8,380
6,682
-962
2,898
Deferred Taxes & Provisions
150
37
716
Cash flow from operations
-81,675
3,710
-27,106
-161,467
Investing Activities
capital expenditure
-852
-1,515
-174
-6,468
Change in Investments
cash flow from investments
-852
-1,515
-174
-6,468
Financing Activities
Bank loans
1,198
Group/Directors Accounts
Other Short Term Loans
Long term loans
-2,396
-416
130
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
149,950
150,170
interest
163
-1,923
-3,265
-1,510
cash flow from financing
-1,035
147,611
-3,135
198,660
cash and cash equivalents
cash
-83,563
149,726
-30,335
30,725
overdraft
-80
80
change in cash
-83,563
149,806
-30,415
30,725
vet2vet ltd 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 vet2vet ltd. Get real-time insights into vet2vet ltd's credit score, group structure and payment trends.
Perform a competitor analysis for vet2vet ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in BN8 area or any other competitors across 12 key performance metrics.
vet2vet ltd Ownership
VET2VET LTD group structure
Vet2Vet Ltd has no subsidiary companies.
Ultimate parent company
VET2VET LTD
10686306
VET2VET LTD Shareholders
The largest shareholders in Vet2Vet Ltd include Zoe Coker and James Reader.
zoe coker
60%
james reader
20%
british small animal veterinary association
20%
vet2vet ltd directors
Vet2Vet Ltd currently has 2 directors.
The longest serving directors include
Dr Zoe Coker (Mar 2017) and
Mr Stephen Spill (Feb 2023).
82990 - Other business support service activities n.e.c.
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
rushouts barn ripe lane, ripe, lewes, BN8 6AR
Bank
-
Legal Advisor
-
vet2vet ltd 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 vet2vet ltd.
vet2vet ltd 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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vet2vet ltdCompanies House Filings - See Documents
