hafren veterinary group limited
hafren veterinary group limited Company Information
Company Number
10717961
Website
www.hafrenvets.co.ukRegistered Address
cross chambers 9 high street, newtown, powys, SY16 2NY
Industry
Veterinary activities
Telephone
01686625344
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
ian godfrey jones 60.8%
david lyn oliver 9.8%
View Allhafren veterinary group limited Estimated Valuation
Pomanda estimates the enterprise value of HAFREN VETERINARY GROUP LIMITED at £6.2m based on a Turnover of £7.9m and 0.79x industry multiple (adjusted for size and gross margin).
hafren veterinary group limited Estimated Valuation
Pomanda estimates the enterprise value of HAFREN VETERINARY GROUP LIMITED at £1.3m based on an EBITDA of £263.9k and a 4.75x industry multiple (adjusted for size and gross margin).
hafren veterinary group limited Estimated Valuation
Pomanda estimates the enterprise value of HAFREN VETERINARY GROUP LIMITED at £1.1m based on Net Assets of £686k and 1.58x industry multiple (adjusted for liquidity).
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Hafren Veterinary Group Limited Overview
Hafren Veterinary Group Limited is a live company located in powys, SY16 2NY with a Companies House number of 10717961. It operates in the veterinary activities sector, SIC Code 75000. Founded in April 2017, it's largest shareholder is ian godfrey jones with a 60.8% stake. Hafren Veterinary Group Limited is a young, mid sized company, Pomanda has estimated its turnover at £7.9m with healthy growth in recent years.
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Hafren Veterinary Group Limited Health Check
Pomanda's financial health check has awarded Hafren Veterinary Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £7.9m, make it larger than the average company (£1.5m)
- Hafren Veterinary Group Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.5%)
- Hafren Veterinary Group Limited
7.5% - Industry AVG
Production
with a gross margin of 78.3%, this company has a comparable cost of product (78.3%)
- Hafren Veterinary Group Limited
78.3% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (10.8%)
- Hafren Veterinary Group Limited
10.8% - Industry AVG
Employees
with 57 employees, this is above the industry average (25)
57 - Hafren Veterinary Group Limited
25 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)
- Hafren Veterinary Group Limited
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £138.2k, this is more efficient (£67.6k)
- Hafren Veterinary Group Limited
£67.6k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (21 days)
- Hafren Veterinary Group Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (38 days)
- Hafren Veterinary Group Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 69 days, this is more than average (33 days)
- Hafren Veterinary Group Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Hafren Veterinary Group Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.2%, this is a higher level of debt than the average (36.8%)
65.2% - Hafren Veterinary Group Limited
36.8% - Industry AVG
HAFREN VETERINARY GROUP LIMITED financials
Hafren Veterinary Group Limited's latest turnover from July 2023 is estimated at £7.9 million and the company has net assets of £686 thousand. According to their latest financial statements, Hafren Veterinary Group Limited has 57 employees and maintains cash reserves of £500 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| 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 | 57 | 53 | 52 | 48 | 45 | 43 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 325,708 | 304,556 | 450,130 | 302,784 | 281,056 | 247,317 |
| Intangible Assets | 386,667 | 429,333 | 472,000 | 514,667 | 537,333 | 578,667 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 712,375 | 733,889 | 922,130 | 817,451 | 818,389 | 825,984 |
| Stock & work in progress | 327,882 | 326,084 | 301,399 | 310,902 | 199,683 | 241,335 |
| Trade Debtors | 870,595 | 516,581 | 643,875 | 526,403 | 653,402 | 623,433 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 58,292 | 97,500 | 117,953 | 35,162 | 29,192 | 34,791 |
| Cash | 500 | 112,983 | 145,272 | 3,834 | 3,685 | 757 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,257,269 | 1,053,148 | 1,208,499 | 876,301 | 885,962 | 900,316 |
| total assets | 1,969,644 | 1,787,037 | 2,130,629 | 1,693,752 | 1,704,351 | 1,726,300 |
| Bank overdraft | 259,051 | 43,697 | 0 | 6,083 | 309,820 | 40,495 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 405,836 | 345,744 | 442,833 | 386,432 | 337,234 | 619,753 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 68,922 | 53,748 | 55,606 | 73,728 | 81,474 | 57,601 |
| other current liabilities | 246,638 | 402,712 | 1,035,568 | 762,858 | 762,783 | 918,650 |
| total current liabilities | 980,447 | 845,901 | 1,534,007 | 1,229,101 | 1,491,311 | 1,636,499 |
| loans | 207,062 | 249,004 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 84,579 | 55,387 | 80,099 | 88,714 | 54,558 | 77,795 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 11,530 | 13,302 | 15,867 | 27,014 | 21,181 | 562 |
| total long term liabilities | 303,171 | 317,693 | 95,966 | 115,728 | 75,739 | 78,357 |
| total liabilities | 1,283,618 | 1,163,594 | 1,629,973 | 1,344,829 | 1,567,050 | 1,714,856 |
| net assets | 686,026 | 623,443 | 500,656 | 348,923 | 137,301 | 11,444 |
| total shareholders funds | 686,026 | 623,443 | 500,656 | 348,923 | 137,301 | 11,444 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 98,873 | 100,939 | 88,129 | 90,338 | 82,101 | 71,751 |
| Amortisation | 42,666 | 42,667 | 42,667 | 42,666 | 41,334 | 41,333 |
| Tax | ||||||
| Stock | 1,798 | 24,685 | -9,503 | 111,219 | -41,652 | 241,335 |
| Debtors | 314,806 | -147,747 | 200,263 | -121,029 | 24,370 | 658,224 |
| Creditors | 60,092 | -97,089 | 56,401 | 49,198 | -282,519 | 619,753 |
| Accruals and Deferred Income | -156,074 | -632,856 | 272,710 | 75 | -155,867 | 918,650 |
| Deferred Taxes & Provisions | -1,772 | -2,565 | -11,147 | 5,833 | 20,619 | 562 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -41,942 | 249,004 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 44,366 | -26,570 | -26,737 | 26,410 | 636 | 135,396 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -112,483 | -32,289 | 141,438 | 149 | 2,928 | 757 |
| overdraft | 215,354 | 43,697 | -6,083 | -303,737 | 269,325 | 40,495 |
| change in cash | -327,837 | -75,986 | 147,521 | 303,886 | -266,397 | -39,738 |
hafren veterinary group limited Credit Report and Business Information
Hafren Veterinary Group Limited Competitor Analysis
Perform a competitor analysis for hafren veterinary group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in SY16 area or any other competitors across 12 key performance metrics.
hafren veterinary group limited Ownership
HAFREN VETERINARY GROUP LIMITED group structure
Hafren Veterinary Group Limited has no subsidiary companies.
Ultimate parent company
HAFREN VETERINARY GROUP LIMITED
10717961
hafren veterinary group limited directors
Hafren Veterinary Group Limited currently has 5 directors. The longest serving directors include Mr Ian Jones (Apr 2017) and Mrs Helen Jones (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Jones | United Kingdom | 63 years | Apr 2017 | - | Director |
| Mrs Helen Jones | United Kingdom | 63 years | Apr 2017 | - | Director |
| Dr George Roberts | 31 years | Jun 2022 | - | Director | |
| Mr David Oliver | Wales | 41 years | Jun 2022 | - | Director |
| Mrs Anna Davies | Wales | 48 years | Jun 2022 | - | Director |
P&L
July 2023turnover
7.9m
+30%
operating profit
122.3k
0%
gross margin
78.3%
+0.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
686k
+0.1%
total assets
2m
+0.1%
cash
500
-1%
net assets
Total assets minus all liabilities
hafren veterinary group limited company details
company number
10717961
Type
Private limited with Share Capital
industry
75000 - Veterinary activities
incorporation date
April 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
MORGAN GRIFFITHS LLP
auditor
-
address
cross chambers 9 high street, newtown, powys, SY16 2NY
Bank
-
Legal Advisor
-
hafren veterinary group 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 hafren veterinary group limited.
hafren veterinary group limited Companies House Filings - See Documents
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