Prime Veterinary Practice Limited

Prime Veterinary Practice Limited, based in Chesterfield, UK, is a small, family-run business with an active status. Founded eight years ago in 2016, it employs eighteen people and holds £305,419 in assets. The company has a real registered address and is led by three directors and two owners. It boasts a stellar 5.0 Google rating from 234 reviews, demonstrating high customer satisfaction. The practice is also an irregular importer, bringing in miscellaneous chemical products for a couple of months, with the last import occurring in September 2023.

The company’s website highlights its commitment to providing comprehensive veterinary care, including reproduction services, medical and surgical procedures, and orthopaedic care. Client testimonials praise the team’s knowledge, professionalism, and friendly atmosphere, emphasizing the practice's dedication to animal well-being. The site also features a register-your-pet section and details repeat prescription services, suggesting a focus on building long-term client relationships.

Financially, Prime Veterinary Practice Limited shows some concerning trends. While average employee numbers increased by 22% to twenty-two, cash bank on hand dropped by a significant 120% to £180,000. Bank borrowings decreased by 11%, and current assets remained flat at £310,000. However, net assets plummeted 34% to £56,000, and trade debtors fell by 54% to £87,000. The company’s small size (meeting two of three conditions for a small company) helps it stay nimble, but the drop in equity raises questions about its long-term financial health. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

Overall, Prime Veterinary Practice Limited appears to be a well-regarded practice with a strong local reputation. However, the financial data suggests a need for careful management and a focus on improving profitability. It's a little worrying that the company is losing equity, but hopefully, the high Google rating and loyal client base will help it weather these challenges.

Registered in England/Wales under the registration number 10459765, with a registered address at S41 7PS, England, Chesterfield, 93 Newbold Road.

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