meadows veterinary centre limited

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meadows veterinary centre limited Company Information

Share MEADOWS VETERINARY CENTRE LIMITED

Company Number

SC377868

Directors

Graeme Fowlie

Anne Pirie

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Shareholders

j graeme fowlie limited

ewan jamieson limited

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Group Structure

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Industry

Veterinary activities

 

Registered Address

51-53 high street, turriff, AB53 4EJ

meadows veterinary centre limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of MEADOWS VETERINARY CENTRE LIMITED at £4m based on a Turnover of £6m and 0.66x industry multiple (adjusted for size and gross margin).

meadows veterinary centre limited Estimated Valuation

£995.9k

Pomanda estimates the enterprise value of MEADOWS VETERINARY CENTRE LIMITED at £995.9k based on an EBITDA of £277k and a 3.6x industry multiple (adjusted for size and gross margin).

meadows veterinary centre limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of MEADOWS VETERINARY CENTRE LIMITED at £2.9m based on Net Assets of £2.3m and 1.29x industry multiple (adjusted for liquidity).

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Meadows Veterinary Centre Limited Overview

Meadows Veterinary Centre Limited is a live company located in turriff, AB53 4EJ with a Companies House number of SC377868. It operates in the veterinary activities sector, SIC Code 75000. Founded in April 2010, it's largest shareholder is j graeme fowlie limited with a 42.1% stake. Meadows Veterinary Centre Limited is a established, mid sized company, Pomanda has estimated its turnover at £6m with healthy growth in recent years.

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Meadows Veterinary Centre Limited Health Check

Pomanda's financial health check has awarded Meadows Veterinary Centre 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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £6m, make it larger than the average company (£2.1m)

£6m - Meadows Veterinary Centre Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (11.3%)

5% - Meadows Veterinary Centre Limited

11.3% - Industry AVG

production

Production

with a gross margin of 77.3%, this company has a comparable cost of product (77.3%)

77.3% - Meadows Veterinary Centre Limited

77.3% - Industry AVG

profitability

Profitability

an operating margin of 3.8% make it less profitable than the average company (10.7%)

3.8% - Meadows Veterinary Centre Limited

10.7% - Industry AVG

employees

Employees

with 32 employees, this is similar to the industry average (29)

32 - Meadows Veterinary Centre Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.4k, the company has an equivalent pay structure (£35.4k)

£35.4k - Meadows Veterinary Centre Limited

£35.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £188.4k, this is more efficient (£71.7k)

£188.4k - Meadows Veterinary Centre Limited

£71.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 39 days, this is later than average (20 days)

39 days - Meadows Veterinary Centre Limited

20 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 145 days, this is slower than average (37 days)

145 days - Meadows Veterinary Centre Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 125 days, this is more than average (32 days)

125 days - Meadows Veterinary Centre Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 65 weeks, this is more cash available to meet short term requirements (18 weeks)

65 weeks - Meadows Veterinary Centre Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 27.9%, this is a lower level of debt than the average (38.6%)

27.9% - Meadows Veterinary Centre Limited

38.6% - Industry AVG

MEADOWS VETERINARY CENTRE LIMITED financials

EXPORTms excel logo

Meadows Veterinary Centre Limited's latest turnover from April 2024 is estimated at £6 million and the company has net assets of £2.3 million. According to their latest financial statements, Meadows Veterinary Centre Limited has 32 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011
Turnover6,028,0934,951,1395,295,4985,208,5394,650,0644,165,1596,441,0606,036,0612,944,3277,962,0577,772,0282,039,1752,340,2612,676,640
Other Income Or Grants
Cost Of Sales1,367,8321,199,6601,399,9481,701,0471,284,7621,131,2181,450,9511,399,655627,4571,710,5981,695,954913,2681,199,8561,530,847
Gross Profit4,660,2613,751,4793,895,5503,507,4923,365,3023,033,9414,990,1104,636,4062,316,8706,251,4586,076,0731,125,9071,140,4051,145,793
Admin Expenses4,428,7353,500,8793,619,8863,037,4063,392,5102,796,5565,071,8704,295,4752,180,6345,901,9515,819,813749,033997,4741,028,891
Operating Profit231,526250,600275,664470,086-27,208237,385-81,760340,931136,236349,507256,260376,874142,931116,902
Interest Payable6,5594,9233,242426
Interest Receivable52,70538,8326,6717044953,0542,2491,2831,8721,0621,211
Pre-Tax Profit284,231289,432282,335470,790-26,714240,438-79,511342,214138,108350,569250,911371,951139,689116,476
Tax-71,058-72,358-53,644-89,450-45,683-65,021-27,621-70,114-52,691-87,175-29,900-15,607
Profit After Tax213,173217,074228,691381,340-26,714194,755-79,511277,193110,486280,455198,220284,776109,789100,869
Dividends Paid60,00067,50087,500
Retained Profit213,173217,074228,691381,340-26,714194,755-79,511277,193110,486280,455198,220224,77642,28913,369
Employee Costs1,133,2831,059,997989,612873,345992,045901,469779,267857,6801,388,2493,290,9443,217,125932,475867,9841,063,126
Number Of Employees323131293230303152128130384151
EBITDA*276,956302,035326,926509,4004,591264,652-57,741383,607153,021398,614302,298424,883191,111169,810

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011
Tangible Assets932,559924,027927,045713,674693,185705,319692,565640,000645,815530,207517,292518,292514,032515,520
Intangible Assets31,70263,40295,102126,802
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets932,559924,027927,045713,674693,185705,319692,565640,000645,815530,207548,994581,694609,134642,322
Stock & work in progress470,036310,935317,492227,629214,312274,515262,857264,507189,097168,890148,872117,966101,744159,447
Trade Debtors657,246640,330530,204550,270508,266494,625413,957358,952109,947316,070271,155293,314228,214361,770
Group Debtors
Misc Debtors35,98635,98932,82335,54541,00840,48465,9008,388248,2036,9206,96811,428
Cash1,065,159942,655884,735894,183514,364474,632339,691560,049466,135282,603142,217342,166213,12745,041
misc current assets
total current assets2,228,4271,929,9091,765,2541,707,6271,277,9501,284,2561,082,4051,191,8961,013,382767,563562,244760,366550,053577,686
total assets3,160,9862,853,9362,692,2992,421,3011,971,1351,989,5751,774,9701,831,8961,659,1971,297,7701,111,2381,342,0601,159,1871,220,008
Bank overdraft
Bank loan
Trade Creditors 546,679471,383540,764455,184479,856480,952504,785493,776775,369520,584614,900305,333288,017384,798
Group/Directors Accounts2,5982,5982,5982,5992,5983,5923,5918,388399,250489,419729,231
other short term finances201,825204,409
hp & lease commitments
other current liabilities295,500273,935268,804317,750227,263214,444173,345170,665140,306118,68489,610
total current liabilities844,777747,916812,166775,533709,717698,988681,721672,829775,369520,584614,9001,046,7141,100,5291,203,639
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions37,76340,74731,93426,26023,25025,55522,9729,27911,23315,07714,68411,912
total long term liabilities37,76340,74731,93426,26023,25025,55522,9729,27911,23315,07714,68411,912
total liabilities882,540788,663844,100801,793732,967724,543704,693682,108786,602535,661629,5841,058,6261,100,5291,203,639
net assets2,278,4462,065,2731,848,1991,619,5081,238,1681,265,0321,070,2771,149,788872,595762,109481,654283,43458,65816,369
total shareholders funds2,278,4462,065,2731,848,1991,619,5081,238,1681,265,0321,070,2771,149,788872,595762,109481,654283,43458,65816,369
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011
Operating Activities
Operating Profit231,526250,600275,664470,086-27,208237,385-81,760340,931136,236349,507256,260376,874142,931116,902
Depreciation45,43051,43551,26239,31431,79927,26724,01914,89316,78517,40514,33816,30916,48021,208
Amortisation27,78331,70231,70031,70031,70031,700
Tax-71,058-72,358-53,644-89,450-45,683-65,021-27,621-70,114-52,691-87,175-29,900-15,607
Stock159,101-6,55789,86313,317-60,20311,658-1,65075,41020,20720,01830,90616,222-57,703159,447
Debtors16,913113,292-22,78836,54114,16555,252112,5179,19042,08044,915-29,07965,052-138,016373,198
Creditors75,296-69,38185,580-24,672-1,096-23,83311,009-281,593254,785-94,316309,56717,316-96,781384,798
Accruals and Deferred Income21,5655,131-48,94690,48712,81941,0992,680170,665-140,30621,62229,07489,610
Deferred Taxes & Provisions-2,9848,8135,6743,010-2,3052,58313,693-1,954-3,8443932,77211,912
Cash flow from operations123,76167,505248,515438,91760,047171,908-141,226121,104314,054169,644419,813307,284289,22395,966
Investing Activities
capital expenditure-53,962-48,417-264,633-59,803-19,665-40,021-76,584-36,861-132,393-30,320-13,338-20,569-14,992-695,230
Change in Investments
cash flow from investments-53,962-48,417-264,633-59,803-19,665-40,021-76,584-36,861-132,393-30,320-13,338-20,569-14,992-695,230
Financing Activities
Bank loans
Group/Directors Accounts-11-9941-4,7978,388-399,250-90,169-239,812729,231
Other Short Term Loans -201,825-2,584204,409
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1503,000
interest52,70538,8326,6717044953,0542,2491,2831,8721,062-5,348-4,923-3,242-426
cash flow from financing52,70538,8326,670705-6493,055-2,5489,6711,8721,062-606,423-97,676-38,645731,805
cash and cash equivalents
cash122,50457,920-9,448379,81939,732134,941-220,35893,914183,532140,386-199,949129,039168,08645,041
overdraft
change in cash122,50457,920-9,448379,81939,732134,941-220,35893,914183,532140,386-199,949129,039168,08645,041

meadows veterinary centre limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Meadows Veterinary Centre Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for meadows veterinary centre limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in AB53 area or any other competitors across 12 key performance metrics.

meadows veterinary centre limited Ownership

MEADOWS VETERINARY CENTRE LIMITED group structure

Meadows Veterinary Centre Limited has no subsidiary companies.

Ultimate parent company

MEADOWS VETERINARY CENTRE LIMITED

SC377868

MEADOWS VETERINARY CENTRE LIMITED Shareholders

j graeme fowlie limited 42.11%
ewan jamieson limited 36.84%
andreas michael mertin 10.53%
anne pirie 10.53%

meadows veterinary centre limited directors

Meadows Veterinary Centre Limited currently has 4 directors. The longest serving directors include Mr Graeme Fowlie (Jun 2010) and Ms Anne Pirie (May 2017).

officercountryagestartendrole
Mr Graeme FowlieScotland46 years Jun 2010- Director
Ms Anne Pirie63 years May 2017- Director
Mr Ewan JamiesonScotland36 years Oct 2017- Director
Mr Andreas Mertin46 years Oct 2017- Director

P&L

April 2024

turnover

6m

+22%

operating profit

231.5k

0%

gross margin

77.4%

+2.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2024

net assets

2.3m

+0.1%

total assets

3.2m

+0.11%

cash

1.1m

+0.13%

net assets

Total assets minus all liabilities

meadows veterinary centre limited company details

company number

SC377868

Type

Private limited with Share Capital

industry

75000 - Veterinary activities

incorporation date

April 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

N/A

accountant

BAIN HENRY REID

auditor

-

address

51-53 high street, turriff, AB53 4EJ

Bank

VIRGIN MONEY PLC

Legal Advisor

-

meadows veterinary centre 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 found 2 charges/mortgages relating to meadows veterinary centre limited. Currently there are 2 open charges and 0 have been satisfied in the past.

meadows veterinary centre 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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meadows veterinary centre limited Companies House Filings - See Documents

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