INSPIRING VET CARE LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-08-30 (in 3mo)
Last made up 2025-08-16
Watchouts
Cash
£154M
+111.6% highest in 6 filed years
Net assets
£92M
+113.7% highest in 5 filed years
Employees
14,711
-5.6% vs 2023
Profit before tax
£41M
+386.9% first positive since 2020
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-09-30
| Metric | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £474,467,000 | £667,373,000 | £885,200,000 | £987,500,000 | £1,141,700,000 | £1,181,000,000 | |
| Operating profit | — | — | -£105,897,000 | £150,100,000 | £163,000,000 | £92,000,000 | £157,800,000 | |
| Profit before tax | — | — | -£161,149,000 | £77,400,000 | £69,300,000 | £8,400,000 | £40,900,000 | |
| Net profit | — | -£164,713,000 | -£156,687,000 | £60,000,000 | £50,600,000 | £22,400,000 | £49,100,000 | |
| Cash | — | £16,377,000 | £97,190,000 | £38,400,000 | £51,800,000 | £72,600,000 | £153,600,000 | |
| Total assets less current liabilities | — | — | £863,736,000 | £1,753,500,000 | £2,141,900,000 | £1,638,400,000 | £1,704,800,000 | |
| Net assets | — | — | -£446,261,000 | -£29,800,000 | £20,800,000 | £43,200,000 | £92,300,000 | |
| Equity | -£124,861,000 | -£289,574,000 | -£446,261,000 | -£29,800,000 | £20,800,000 | £43,200,000 | £92,300,000 | |
| Average employees | — | 8,125 | 11,284 | 15,293 | 16,098 | 15,583 | 14,711 | |
| Wages | — | £229,022,000 | £295,172,000 | £335,100,000 | £399,100,000 | £483,300,000 | £470,500,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -15.9% | 17.0% | 16.5% | 8.1% | 13.4% | |
| Net margin | — | -34.7% | -23.5% | 6.8% | 5.1% | 2.0% | 4.2% | |
| Return on capital employed | — | — | -12.3% | 8.6% | 7.6% | 5.6% | 9.3% | |
| Gearing (liabilities / total assets) | — | — | 127.2% | 101.5% | 99.1% | 97.7% | 95.2% | |
| Current ratio | — | — | 0.77x | 0.87x | 0.92x | 1.21x | 1.54x | |
| Interest cover | — | — | -1.66x | 2.06x | 1.73x | 1.10x | 1.13x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors therefore have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- INSPIRING VET CARE LIMITED · parent
- 1066 Veterinary Centre 100%
- A & J Practice Management Limited 100%
- A.C. Rawlins Limited 100%
- Abbey Vets (NE) Limited 100%
- Abbeydale Vets Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOWDEN, Naomi | Secretary | 2025-08-31 | — | — |
| DYMOND, George Barnaby | Director | 2026-03-13 | Apr 1975 | British |
| GILLINGS, Mark Andrew | Director | 2019-06-27 | Jul 1979 | British |
| KEATES, Robert Matthew | Director | 2025-07-31 | Dec 1976 | British |
| MCNALLY, Philip Michael | Director | 2022-02-28 | May 1971 | British |
| SMITH, Simon Mark | Director | 2022-02-28 | Jan 1972 | British |
| WULLRICH, Margareta Caroline Elisabet | Director | 2025-07-31 | Apr 1973 | Swedish |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OVALSEC LIMITED | Corporate Secretary | 2011-08-19 | 2011-08-19 |
| AVENT, Graham | Director | 2020-01-24 | 2022-03-31 |
| CATON, Stuart Jonathan | Director | 2014-08-28 | 2022-03-31 |
| CLARKE, Stephen Martin | Director | 2020-05-12 | 2022-10-05 |
| COWLING, Paul Alexander William | Director | 2017-01-30 | 2022-02-28 |
| DAVIS, Amanda Jane | Director | 2011-09-09 | 2019-09-30 |
| GRANT, Clark Alexander | Director | 2022-07-21 | 2025-07-31 |
| HASSAN, Aatif Naveed | Director | 2011-08-19 | 2011-09-09 |
| HEWSON, Ashley John | Director | 2020-01-24 | 2023-12-15 |
| HILLIER, David Robert Geoffrey | Director | 2011-10-31 | 2020-03-02 |
| KENYON, Paul Mark | Director | 2020-01-24 | 2023-09-15 |
| LONSDALE, David Timothy | Director | 2011-08-19 | 2011-09-09 |
| NORRIS, Terence John | Director | 2011-09-09 | 2011-10-31 |
| PHILLIPS, Duncan Howard | Director | 2022-02-28 | 2026-03-13 |
| SIMPSON, Donna Louise | Director | 2020-06-11 | 2025-07-31 |
| OVAL NOMINEES LIMITED | Corporate Director | 2011-08-19 | 2011-08-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ivc Acquisition Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-06-22 | Active |
| Independent Vetcare Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-06-22 |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-12 | NM06 | change-of-name | Change of name request comments | |
| 2026-03-12 | CONNOT | change-of-name | Change of name notice | |
| 2025-09-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-20 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
+3.4%
£1,141,700,000 £1,181,000,000
highest in 6 filed years
-
Cash
+111.6%
£72,600,000 £153,600,000
highest in 6 filed years
-
Net assets
+113.7%
£43,200,000 £92,300,000
highest in 5 filed years
-
Employees
-5.6%
15,583 14,711
-
Operating profit
+71.5%
£92,000,000 £157,800,000
first positive since 2020
-
Profit before tax
+386.9%
£8,400,000 £40,900,000
first positive since 2020
-
Wages
-2.6%
£483,300,000 £470,500,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers