Vet Plus UK Limited
Registered name: VET PLUS UK LIMITED
Part of Tangerine Group Holdings Limited groupVet Plus UK Limited made £12m revenue and £2.6m profit in the year to 30 Jun 2025. read from filing text
Vet Plus UK Limited’s revenue grew 12% to £12m in the year to 30 Jun 2025, with £2.6m profit and 24 employees. The company is classified under “other manufacturing” and is based in Lytham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Lytham, North West
- Age
- 4 yrs · since 2022
- 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 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | — | £10.7m | £12m |
| Cost of sales | — | £3m | £3.5m |
| Gross profit | — | £7.8m | £8.5m |
| Operating profit | — | £3.1m | £3.6m |
| Profit before tax | — | £3.1m | £3.5m |
| Profit after tax | — | £2.3m | £2.6m |
| Profit (best available) | — | £2.3m | £2.6m |
| Staff costs | — | £1.3m | £1.2m |
| Employees (average) | 22 | 26 | 24 |
| Ratios | |||
| Profit margin | — | 21.4% | 21.9% |
| Gross margin | — | 72.4% | 71.2% |
| Revenue per employee | — | £412k | £500k |
| Profit per employee | — | £88.4k | £109k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲11.9% |
| Profit growth | — | — | ▲14.1% |
| Headcount growth | — | — | ▼7.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £108k | £1.2m | £1.6m |
| Net assets | £2.1m | £4.4m | £7.1m |
| Fixed assets | £32k | £27.7k | £26.3k |
| Current assets | £4.5m | £7.6m | £10.3m |
| Debtors | £1.5m | £1.8m | £2.1m |
| Deferred income | £1.5m | £1.3m | £1.2m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 21.9%
- Profit ÷ revenue.
- Gross margin
- 71.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £500k
- Revenue ÷ average employees.
- Profit per employee
- £109k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 9.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.2%
- 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
- ▲59%
- Now £7.1m
- Cash at bank
- ▲34%
- Now £1.6m
- Headcount
- ▼8%
- Now 24
- Deferred income
- ▼13%
- Now £1.2m
- Fixed assets
- ▼5%
- Now £26.3k
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 UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Vet Plus International LimitedRev. £18.7m · Profit £2m
- Vet Plus LimitedRev. £16.2m · Profit £1.3m
- 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 £2.6m), 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.