Animal Friends Insurance Services Limited
Registered name: ANIMAL FRIENDS INSURANCE SERVICES LIMITED
Part of Jab Pet Holdings Ltd groupAnimal Friends Insurance Services Limited made £64.9m revenue and £4.7m profit in the year to 31 Dec 2023. read from filing text
Animal Friends Insurance Services Limited’s revenue grew 5% to £64.9m in the year to 31 Dec 2023, with £4.7m profit and 567 employees. The company is classified under “non-life insurance” and is based in Amesbury; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Amesbury, South West
- Age
- 28 yrs · since 1998
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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's immediate parent undertaking is Pinnacle Pet Group Limited. Pinnacle Pet Holdings Limited is the smallest and largest group of group accounts which are prepared, of which the company is ”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £61.7m | £64.9m |
| Cost of sales | £21.6m | £24m |
| Gross profit | £40.2m | £40.9m |
| Operating profit | £6m | £5.9m |
| Profit before tax | £6m | £6.2m |
| Profit after tax | £4.9m | £4.7m |
| Profit (best available) | £4.9m | £4.7m |
| Staff costs | £19.6m | £24.2m |
| Employees (average) | 462 | 567 |
| Ratios | ||
| Profit margin | 8% | 7.2% |
| Gross margin | 65.1% | 63.1% |
| Revenue per employee | £134k | £114k |
| Profit per employee | £10.6k | £8.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▲5.2% |
| Profit growth | — | ▼4.9% |
| Headcount growth | — | ▲22.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £6.5m | £10.8m |
| Net assets | £4.7m | £6.4m |
| Fixed assets | £5.5m | £6.4m |
| Current assets | £13.8m | £19.8m |
| Debtors | £7.3m | £9m |
| Deferred income | £3.6m | £3.6m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 7.2%
- Profit ÷ revenue.
- Gross margin
- 63.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £114k
- Revenue ÷ average employees.
- Profit per employee
- £8.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.9%
- 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
- ▲36%
- Now £6.4m
- Cash at bank
- ▲66%
- Now £10.8m
- Headcount
- ▲23%
- Now 567
- Deferred income
- ▲0%
- Now £3.6m
- Fixed assets
- ▲17%
- Now £6.4m
Group structure
Ownership chain
- Jab Pet Holdings Ltdultimate parent50–75%
- Pinnacle Pet Holdings Limited75–100%
- Pinnacle Pet Group Limited75–100%
- Animal Friends Investments Limited75–100%
- Animal Friends Insurance Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Animal Friends LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £4.7m), from the Companies House accounts bulk data published Sep 2024. 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.