Fitzpatrick Referrals Limited
Registered name: FITZPATRICK REFERRALS LIMITED
Part of Fitzfuture Limited groupFitzpatrick Referrals Limited made £10.2m revenue and a £601k loss in the year to 31 Mar 2025.
Fitzpatrick Referrals Limited’s revenue grew 2% to £10.2m in the year to 31 Mar 2025, with a loss of £601k and 151 employees. The company is classified under “veterinary activities” and is based in Godalming; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Godalming, South East
- Age
- 21 yrs · since 2004
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £11.6m | £9.4m | £10.1m | £10.2m |
| Cost of sales | £2.3m | £2m | £1.9m | £1.9m |
| Gross profit | £9.3m | £7.4m | £8.2m | £8.3m |
| Operating profit | £1.3m | −£675k | −£766k | −£754k |
| Profit before tax | £1.5m | £598k | −£401k | −£578k |
| Profit after tax | £1.3m | £705k | −£293k | −£601k |
| Profit (best available) | £1.3m | £705k | −£293k | −£601k |
| Staff costs | £5.5m | £5.6m | £5.9m | £6.2m |
| Employees (average) | 173 | 160 | 147 | 151 |
| Ratios | ||||
| Profit margin | 11.2% | 7.5% | −2.9% | −5.9% |
| Gross margin | 79.8% | 78.3% | 81.5% | 81.2% |
| Revenue per employee | £67k | £58.8k | £68.6k | £67.8k |
| Profit per employee | £7.5k | £4.4k | −£2k | −£4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼18.9% | ▲7.3% | ▲1.5% |
| Profit growth | — | ▼45.7% | ▼141.6% | — |
| Headcount growth | — | ▼7.5% | ▼8.1% | ▲2.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.6m | £3.3m | £3.5m | £2.9m |
| Net assets | £12m | £12.7m | £12.4m | £11.8m |
| Fixed assets | £1.9m | £1.7m | £1.4m | £1.3m |
| Current assets | £13.2m | £12.3m | £12.4m | £11.9m |
| Debtors | £771k | £628k | £631k | £744k |
| Deferred income | £226k | £203k | £213k | £179k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −5.9%
- Profit ÷ revenue.
- Gross margin
- 81.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £67.8k
- Revenue ÷ average employees.
- Profit per employee
- −£4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 12.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.3%
- 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
- ▼5%
- Now £11.8m
- Cash at bank
- ▼17%
- Now £2.9m
- Headcount
- ▲3%
- Now 151
- Deferred income
- ▼16%
- Now £179k
- Fixed assets
- ▼8%
- Now £1.3m
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
- Fitzfuture Limitedultimate parent75–100%
- Fitzpatrick Referrals Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Fitzregen LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Johnsons Veterinary Products LimitedSutton Coldfield · Veterinary activities
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- Profit
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- Staff
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- Oakhill Management (Preston) LimitedPreston · Veterinary activities
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- The George Group LimitedMalmesbury · Veterinary activities
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- The Pet Vet (UK Veterinary Services) LimitedRotherham · Veterinary activities
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- Profit
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- Quality Pet Care LtdRotherham · Veterinary activities
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- Profit
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£601k), 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.