Pomanda estimates the enterprise value of VET-AI LTD at £2.3m based on a Turnover of £3.6m and 0.64x industry multiple (adjusted for size and gross margin).
vet-ai ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of VET-AI LTD at £0 based on an EBITDA of £-2.7m and a 4.02x industry multiple (adjusted for size and gross margin).
vet-ai ltdEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of VET-AI LTD at £2.4m based on Net Assets of £1.3m and 1.79x industry multiple (adjusted for liquidity).
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Vet-ai LtdOverview
Vet-ai Ltd is a live company located in leeds, LS1 2HL with a Companies House number of 11343174. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in May 2018, it's largest shareholder is
vai investments limited
with a 21.3% stake. Vet-ai Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£3.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Vet-Ai Ltd a 3 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
Health Rating3out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £3.6m, make it larger than the average company (£1.8m)
£3.6m - Vet-ai Ltd
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (7.3%)
43% - Vet-ai Ltd
7.3% - Industry AVG
Production
with a gross margin of 60.4%, this company has a comparable cost of product (60.4%)
60.4% - Vet-ai Ltd
60.4% - Industry AVG
Profitability
an operating margin of -117% make it less profitable than the average company (8.2%)
-117% - Vet-ai Ltd
8.2% - Industry AVG
Employees
with 117 employees, this is above the industry average (22)
117 - Vet-ai Ltd
22 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
£42.1k - Vet-ai Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £30.8k, this is less efficient (£93.6k)
£30.8k - Vet-ai Ltd
£93.6k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (39 days)
4 days - Vet-ai Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (37 days)
43 days - Vet-ai Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is more than average (33 days)
40 days - Vet-ai Ltd
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 11 weeks, this is less cash available to meet short term requirements (23 weeks)
11 weeks - Vet-ai Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.7%, this is a higher level of debt than the average (46.3%)
73.7% - Vet-ai Ltd
46.3% - Industry AVG
VET-AI LTD financials
EXPORT
Vet-Ai Ltd's latest turnover from September 2023 is estimated at £3.6 million and the company has net assets of £1.3 million. According to their latest financial statements, Vet-Ai Ltd has 117 employees and maintains cash reserves of £228.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Dec 2018
Turnover
3,607,730
3,100,819
2,584,766
1,238,879
1,166,901
266,778
Other Income Or Grants
Cost Of Sales
1,427,699
1,259,131
1,037,467
525,212
485,484
105,707
Gross Profit
2,180,030
1,841,687
1,547,299
713,667
681,417
161,071
Admin Expenses
6,401,282
3,174,439
1,626,698
1,106,839
810,286
197,848
Operating Profit
-4,221,252
-1,332,752
-79,399
-393,172
-128,869
-36,777
Interest Payable
Interest Receivable
64,028
28,472
393
277
369
39
Pre-Tax Profit
-4,157,224
-1,304,280
-79,006
-392,895
-128,500
-36,738
Tax
Profit After Tax
-4,157,224
-1,304,280
-79,006
-392,895
-128,500
-36,738
Dividends Paid
Retained Profit
-4,157,224
-1,304,280
-79,006
-392,895
-128,500
-36,738
Employee Costs
4,926,713
3,559,800
2,912,638
1,689,106
493,217
109,638
Number Of Employees
117
90
76
45
13
3
EBITDA*
-2,688,382
-1,034,982
-61,426
-385,125
-125,603
-36,777
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Dec 2018
Tangible Assets
498,372
125,186
39,885
22,993
12,262
7,583
Intangible Assets
3,804,380
3,677,276
2,733,399
1,479,892
518,051
173,291
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,302,752
3,802,462
2,773,284
1,502,885
530,313
180,874
Stock & work in progress
158,608
5,376
18,604
20,922
Trade Debtors
40,859
132,543
134,276
5,145
Group Debtors
Misc Debtors
362,268
360,580
316,809
229,620
144,736
41,986
Cash
228,763
2,210,397
320,445
466,496
88,038
10,313
misc current assets
total current assets
790,498
2,708,896
790,134
722,183
232,774
52,299
total assets
5,093,250
6,511,358
3,563,418
2,225,068
763,087
233,173
Bank overdraft
Bank loan
Trade Creditors
172,007
139,966
31,217
40,715
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
859,181
727,996
768,398
1,238,844
928,203
269,811
total current liabilities
1,031,188
867,962
799,615
1,279,559
928,203
269,811
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
2,711,045
provisions
8,800
8,800
8,800
4,000
total long term liabilities
2,719,845
8,800
8,800
4,000
total liabilities
3,751,033
876,762
808,415
1,283,559
928,203
269,811
net assets
1,342,217
5,634,596
2,755,003
941,509
-165,116
-36,638
total shareholders funds
1,342,217
5,634,596
2,755,003
941,509
-165,116
-36,638
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Dec 2018
Operating Activities
Operating Profit
-4,221,252
-1,332,752
-79,399
-393,172
-128,869
-36,777
Depreciation
91,035
28,115
17,260
8,047
3,266
Amortisation
1,441,835
269,655
713
Tax
Stock
153,232
-13,228
-2,318
20,922
Debtors
-89,996
42,038
216,320
90,029
102,750
41,986
Creditors
32,041
108,749
-9,498
40,715
Accruals and Deferred Income
131,185
-40,402
-470,446
310,641
658,392
269,811
Deferred Taxes & Provisions
4,800
4,000
Cash flow from operations
-2,588,392
-995,445
-750,572
-140,720
430,039
191,048
Investing Activities
capital expenditure
-2,033,160
-1,326,948
-1,288,372
-980,619
-352,705
-180,874
Change in Investments
cash flow from investments
-2,033,160
-1,326,948
-1,288,372
-980,619
-352,705
-180,874
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
2,711,045
share issue
-135,155
4,183,873
1,892,500
1,499,520
22
100
interest
64,028
28,472
393
277
369
39
cash flow from financing
2,639,918
4,212,345
1,892,893
1,499,797
391
139
cash and cash equivalents
cash
-1,981,634
1,889,952
-146,051
378,458
77,725
10,313
overdraft
change in cash
-1,981,634
1,889,952
-146,051
378,458
77,725
10,313
vet-ai 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 vet-ai ltd. Get real-time insights into vet-ai ltd's credit score, group structure and payment trends.
Perform a competitor analysis for vet-ai ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in LS1 area or any other competitors across 12 key performance metrics.
vet-ai ltd Ownership
VET-AI LTD group structure
Vet-Ai Ltd has no subsidiary companies.
Ultimate parent company
VET-AI LTD
11343174
VET-AI LTD Shareholders
The largest shareholders in Vet-Ai Ltd include Vai Investments Limited and Correlation One Investments (Europe) Limited.
vai investments limited
21.27%
correlation one investments (europe) limited
21.27%
paul dominic hallet
18.86%
robert charles dawson
18.86%
hill's pet nutrition inc.
9.95%
wackett
1.82%
sands
1.31%
mills
1.31%
buchan
1.31%
lupton fawcett llp
1.31%
vet-ai ltd directors
Vet-Ai Ltd currently has 5 directors.
The longest serving directors include
Mr Paul Hallett (May 2018) and
Mr Robert Dawson (May 2018).
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
c/o azets 12 king street, leeds, LS1 2HL
Bank
-
Legal Advisor
-
vet-ai 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 found 4 charges/mortgages relating to vet-ai ltd. Currently there are 1 open charges and 3 have been satisfied in the past.
vet-ai 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.
Click to start generating capital raising & share issue transactions for VET-AI LTD. This can take several minutes, an email will notify you when this has completed.
