INDEPENDENT VETCARE LIMITED
Company Information
- Company Number
- 07746795
- Registered Address
- The Chocolate Factory, Keynsham, Bristol, BS31 2AU
- Status
- Active
- Employee Count
- 16098.0
- Turnover
- 987500000.0
- EBITDA
- 249000000.0
Additional Details
- Website
- https://24hourvet.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 19 August 2011
- Nature of Business
- 75000 - Veterinary activities
- Industries
- Environment,Agriculture And Waste
- Region
- South West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2023 - 30 Sept 2023 | 08 Feb 2024 | 58 | 37% | 19% | 44% | 28% |
| 01 Oct 2022 - 31 Mar 2023 | 08 Feb 2024 | 60 | 37% | 18% | 45% | 13% |
| 01 Apr 2022 - 30 Sept 2022 | 08 Feb 2024 | 64 | 35% | 11% | 54% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 08 Feb 2024 | 68 | 34% | 17% | 49% | 17% |
| 01 Apr 2021 - 30 Sept 2021 | 10 Feb 2022 | 69 | 45% | 20% | 35% | 50% |
| 01 Oct 2020 - 31 Mar 2021 | 10 May 2021 | 74 | 38% | 18% | 44% | 60% |
| 01 Apr 2020 - 30 Sept 2020 | 21 Oct 2020 | 63 | 41% | 13% | 46% | 60% |
| 01 Apr 2020 - 30 Sept 2020 | 21 Oct 2020 | |||||
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 56 | 40% | 12% | 47% | 69% |
| 01 Apr 2019 - 30 Sept 2019 | 02 Dec 2019 | 51 | 43% | 8% | 49% | 74% |
| 01 Oct 2018 - 31 Mar 2019 | 02 Dec 2019 | 57 | 49% | 11% | 40% | 73% |
Company Summary
Independent Vetcare Limited (IVC) is a leading veterinary services provider in the UK, with over 700 veterinary practices and 5000 employees
The company was founded in 2011 and is headquartered in West Malling, Kent
IVC offers a range of services to support the health and well-being of pets, including preventative care, diagnostics, surgery, and emergency care
They also provide services for farm animals and equine veterinary care
As part of their commitment to sustainability, IVC has implemented various initiatives to reduce their environmental impact
This includes using renewable energy sources, reducing waste and implementing recycling programs, and promoting sustainable practices within their practices
The company also offers a range of high-quality products to support pet health, from food and supplements to grooming and healthcare products
These products are carefully selected by their team of veterinary experts and are available in their practices and online
IVC is led by a team of experienced and dedicated individuals, including CEO David Hillier and Chairman Peter Watson
The company has a strong focus on employee development and support, with a dedicated training academy and career progression opportunities
For more information on IVC and their services, visit their website at https://www.independentvetcare.co.uk/
Their registered office address is Unit 8, Blenheim Office Park, Long Hanborough, Oxfordshire, OX29 8LN
Company Review
Trend Analysis
The average time taken for Independent Vetcare Limited to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period compared to the previous two periods. The percentage of invoices paid within 30 days has also fluctuated, with the highest percentage in the most recent period and the lowest in the second most recent period. The percentage of invoices paid later than 60 days has remained relatively stable, with a slight increase in the most recent period compared to the previous two periods.
Volatility Analysis
The volatility in Independent Vetcare Limited's average time to pay invoices has been relatively low, with only a slight increase in the most recent period compared to the previous two periods. The volatility in the percentage of invoices paid within 30 days has also been low, with a slight increase in the most recent period compared to the previous two periods. The volatility in the percentage of invoices paid later than 60 days has been the lowest, with consistent numbers over the past three periods.
Summary Analysis
In the past three periods, Independent Vetcare Limited has shown a slight increase in the average time taken to pay invoices, with a fluctuation in the percentage of invoices paid within 30 days. The percentage of invoices paid later than 60 days has remained relatively stable. In the most recent period, there has been an improvement in paying invoices within 30 days, but there has been an increase in the percentage of invoices paid later than 60 days compared to the previous two periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 Days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
93
Dispute Resolution Process
Helpdesk contacted via Email or phone
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
