Vet Plus Limited
Registered name: VET PLUS LIMITED
Part of Tangerine Group Holdings Limited groupVet Plus Limited made £16.2m revenue and £1.3m profit in the year to 30 Jun 2025. read from filing text
Vet Plus Limited’s revenue grew 9% to £16.2m in the year to 30 Jun 2025, with £1.3m profit and 49 employees. The company is classified under “other manufacturing” and is based in Lytham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Lytham, North West
- Age
- 31 yrs · since 1995
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company is a subsidiary of Tangerine Holdings Limited which in turn is a 100% owned subsidiary of Tangerine Group Holdings Limited.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £15.5m | £11.8m | £14.9m | £16.2m |
| Cost of sales | £9.2m | £9.1m | £9.5m | £10.4m |
| Gross profit | £6.3m | £2.7m | £5.4m | £5.8m |
| Operating profit | £594k | −£599k | £79.9k | £716k |
| Profit before tax | £891k | −£599k | £180k | £1.6m |
| Profit after tax | £776k | −£581k | £12.7k | £1.3m |
| Profit (best available) | £776k | −£581k | £12.7k | £1.3m |
| Staff costs | £3m | £2.2m | £2.6m | £2.7m |
| Employees (average) | 73 | 53 | 52 | 49 |
| Ratios | ||||
| Profit margin | 5% | −4.9% | 0.1% | 8.3% |
| Gross margin | 40.8% | 22.9% | 36.4% | 35.8% |
| Revenue per employee | £213k | £222k | £287k | £332k |
| Profit per employee | £10.6k | −£11k | £244 | £27.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼24.2% | ▲26.8% | ▲8.8% |
| Profit growth | — | ▼174.9% | — | ▲10484% |
| Headcount growth | — | ▼27.4% | ▼1.9% | ▼5.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £666k | £265k | £16.3k | £45.8k |
| Net assets | £5.4m | £1.6m | −£1.5m | £645k |
| Fixed assets | £1.1m | £1.1m | £1.7m | £2.1m |
| Current assets | £21.3m | £14.8m | £12.7m | £14.6m |
| Debtors | £1.6m | £38.2k | £73.2k | £19.4k |
| Deferred income | £4.2m | £3.2m | £1.5m | £656k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 8.3%
- Profit ÷ revenue.
- Gross margin
- 35.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £332k
- Revenue ÷ average employees.
- Profit per employee
- £27.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 12.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now £645k
- Cash at bank
- ▲181%
- Now £45.8k
- Headcount
- ▼6%
- Now 49
- Deferred income
- ▼55%
- Now £656k
- Fixed assets
- ▲24%
- Now £2.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Tangerine Group Holdings Limitedultimate parent75–100%
- Tangerine Holdings Limited75–100%
- Vet Plus Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- V.P. Nominee Company LimitedFigures not disclosed
Sister companies (4)
- Vet Plus International LimitedRev. £18.7m · Profit £2m
- Vet Plus UK LimitedRev. £12m · Profit £2.6m
- Petsense LimitedFigures not disclosed
- The International Centre for Nutritional Excellence LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £1.3m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.