How much does Vet Plus International Limited make?

Vet Plus International Limited reported revenue of £18.7m and £2m profit in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Vet Plus International Limited have?

Vet Plus International Limited reported an average of 4 employees in the year to 30 Jun 2025.

Is Vet Plus International Limited profitable?

Yes — Vet Plus International Limited reported a profit of £2m in the year to 30 Jun 2025.

Company No. 05060525 · Incorporated 2 Mar 2004

Vet Plus International Limited

Registered name: VET PLUS INTERNATIONAL LIMITED

Part of Tangerine Group Holdings Limited group

Vet Plus International Limited made £18.7m revenue and £2m profit in the year to 30 Jun 2025. read from filing text

Vet Plus International Limited’s revenue grew 4% to £18.7m in the year to 30 Jun 2025, with £2m profit and 4 employees. The company is classified under “other retail sale of new goods in specialised stores (not commercial art galleries and opticians)” and is based in Lytham ST. Annes; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47789Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)

Status: Active
Location: Lytham ST. Annes, North West
Age: 22 yrs · since 2004
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 is a subsidiary of Tangerine Holdings Limited which in turn is a 100% owned subsidiary of Tangerine Group Holdings Limited.”

Latest accounts · year to 30 Jun 2025

Key figures

Small teamDoing more with less

Revenue

£18.7m

Growth ▲4.3%

Profit

£2m

Growth ▼14.7%

Profit margin

10.9%

Gross 42%

Employees

Change ▼20%

Profit / employee

£510k

Revenue/employee £4.7m

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
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)	£13.2m	£15m	£17.9m	£18.7m
Cost of sales	£5.2m	£6.7m	£11.1m	£10.8m
Gross profit	£7.9m	£8.3m	£6.8m	£7.9m
Operating profit	—	—	£2.4m	£2.7m
Profit before tax	£4.7m	£3.5m	£2.4m	£2.7m
Profit after tax	£3.8m	£3m	£2.4m	£2m
Profit (best available)	£3.8m	£3m	£2.4m	£2m
Staff costs	£538k	£482k	£453k	£396k
Employees (average)	6	4	5	4
Ratios
Profit margin	28.7%	20%	13.3%	10.9%
Gross margin	60.3%	55.5%	38.1%	42%
Revenue per employee	£2.2m	£3.7m	£3.6m	£4.7m
Profit per employee	£628k	£749k	£478k	£510k
Growth (year on year)
Revenue growth	—	▲13.9%	▲19.8%	▲4.3%
Profit growth	—	▼20.5%	▼20.3%	▼14.7%
Headcount growth	—	▼33.3%	▲25%	▼20%
Balance sheet — indirect signals, not revenue
Cash at bank	£586k	£39.8k	£149k	£64.8k
Net assets	£10.5m	£10.3m	£12.7m	£11.5m
Current assets	£17.9m	£18.2m	£18.3m	£17.5m
Debtors	£482k	£844k	£1.5m	£1.3m
Deferred income	£2.1m	£2.5m	£3.5m	£1.3m
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 10.9%; Profit ÷ revenue.
Gross margin: 42%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £4.7m; Revenue ÷ average employees.
Profit per employee: £510k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼10%; Now £11.5m
Cash at bank: ▼57%; Now £64.8k
Headcount: ▼20%; Now 4
Deferred income: ▼64%; Now £1.3m
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Tangerine Group Holdings Limitedultimate parent75–100%
Tangerine Holdings Limited75–100%
Vet Plus International Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (4)

Vet Plus LimitedRev. £16.2m · Profit £1.3m
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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £2m), 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.