Firstvet Ltd

Firstvet Ltd, based in London, UK, is a small, active company founded six years ago in 2019. With 14 employees and £983,411 in assets, it operates from a real address and is overseen by three directors, though no owners are officially listed. The company’s business involves irregular importing of leather goods, travel bags, and animal harnesses (last activity in 2023), and exporting clothing and accessories (last activity in 2023).

Firstvet Ltd’s website clearly positions it as an online veterinary service, offering consultations and advice across multiple European countries, including Sweden, the United Kingdom, Denmark, Germany, the United States, Finland, and Norway. The site emphasizes ease of access to veterinary care and a network of qualified vets, suggesting a technology-driven approach to animal healthcare. It's a modern, accessible service.

Financially, Firstvet Ltd presents a mixed picture. Current assets have fallen significantly by 30% to £980,000, while net assets have dropped by 32% to -£7.8 million. Cash reserves have seen a remarkable increase of 950%, reaching £620,000 – a positive sign. However, bank borrowings have risen by 23%, reaching £7.3 million, and trade debtors have decreased by 45%, which could indicate issues with customer payments. The company's size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline is concerning. The auditor, Tuerner Audit Limited, has reported unqualified accounts, but the reliance on unaudited statements is still apparent.

Overall, Firstvet Ltd appears to be navigating a period of change. The surge in cash reserves suggests a successful fundraising round or improved cash flow management, but the declining assets and rising debt raise questions about long-term sustainability. The company’s online model and expanding reach are promising, but it will need to carefully manage its finances to ensure its continued success.

Registered in England/Wales under the registration number 11787494, with a registered address at N5 1XL, England, London, Uncommon, Highbury & Islington, 25 Horsell Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.