LINNAEUS VETERINARY LIMITED
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Cash
£13m
+27.6% vs 2024
Net assets
£338m
-2.7% lowest in 3 filed years
Employees
5,850
-8.2% lowest in 3 filed years
Profit before tax
-£33m
+32.3% highest in 3 filed years
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
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £398,444,000 | £418,619,000 | £447,278,000 | +6.8% | |
| Operating profit | -£33,566,000 | -£47,155,000 | -£29,695,000 | +37% | |
| Profit before tax | -£40,203,000 | -£49,223,000 | -£33,320,000 | +32.3% | |
| Net profit | -£46,957,000 | -£51,392,000 | -£42,332,000 | +17.6% | |
| Cash | £13,580,000 | £10,185,000 | £12,996,000 | +27.6% | |
| Total assets less current liabilities | £404,073,000 | £372,862,000 | £363,233,000 | -2.6% | |
| Net assets | £383,871,000 | £346,933,000 | £337,551,000 | -2.7% | |
| Equity | £383,871,000 | £346,933,000 | £337,551,000 | -2.7% | |
| Average employees | 6,094 | 6,373 | 5,850 | -8.2% | |
| Wages | £208,709,000 | £213,369,000 | £218,575,000 | +2.4% | |
| Directors' remuneration | £1,088,000 | £791,000 | £1,053,000 | +33.1% | |
| Directors' pension contributions | £20,000 | £16,000 | £23,000 | +43.8% | |
| Highest paid director | £455,006 | £523,813 | £409,606 | -21.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -8.4% | -11.3% | -6.6% | |
| Net margin | -11.8% | -12.3% | -9.5% | |
| Return on capital employed | -8.3% | -12.6% | -8.2% | |
| Gearing (liabilities / total assets) | 17.2% | 28.7% | 24.9% | |
| Current ratio | 0.92x | 0.47x | 0.74x | |
| Interest cover | -5.06x | -19.50x | -8.01x |
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.
Name history
Renamed 2 times since incorporation
- LINNAEUS VETERINARY LIMITED 2018-10-18 → present
- RIVERSMEET NEWCO LIMITED 2018-06-21 → 2018-10-18
- PACIFIC SHELF 1838 LIMITED 2017-05-25 → 2018-06-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- LINNAEUS VETERINARY LIMITED · parent
- Linnaeus Referrals Limited 100%
- Dick White Referrals Limited 100%
- Anderson Moores Veterinary Specialists Limited 100%
- Northwest Veterinary Specialists Limited 100%
- Eye-vet Limited 100%
- Veterinary Specialists (Scotland) Limited 100%
- St Anne's Vets Limited 100%
- City Vets (Exeter) Limited 100%
- Wildbore Veterinary Limited 100%
- St. John Cooper Consultancy Limited 100%
- Cotswold Veterinary Group Limited 100%
- Forest Veterinary Centre Limited 100%
- Palmerston Veterinary Group Limited 100%
- Wilbury Veterinary Services Limited 100%
- Parkhill Vets Limited 100%
- WSHPM Limited 100%
- My Pets Vets Leigh Ltd 100%
- Peak Veterinary Practice Limited 100%
- Bay Vets Limited 100%
- Baldrand Bay Holdings Limited 100%
- Rutco Holding Company Limited 100%
- Colne Valley Veterinary Practice Limited 100%
- JT Vets Limited 100%
- Focus Referrals Limited 100%
- Victoria Veterinary Centre Limited 100%
Significant events
- “During the period under review, a non-audit service, prohibited by the FRC's Ethical Standard because the Company is classified as an Other Entity of Public Interest by that Standard, was inadvertently provided.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CASSELL-WARD, Anna Wren | Director | 2023-09-19 | Sep 1981 | British |
| FISHER, Mark Jason | Director | 2026-08-25 | Jul 1991 | British |
| HERRING, Alice Elizabeth | Director | 2026-02-12 | Jun 1975 | British |
| WOODBRIDGE, Nicolas Thomas | Director | 2026-02-12 | Apr 1985 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNES, Emma Jane | Director | 2019-10-04 | 2020-10-23 |
| BROOKER, Laura Jane | Director | 2026-02-12 | 2026-05-31 |
| CONNELL, Saskia Turner | Director | 2025-01-31 | 2026-02-12 |
| CONNELL, Saskia Turner | Director | 2023-05-19 | 2023-09-19 |
| COXON, Paul Daryl | Director | 2017-05-25 | 2019-10-04 |
| HENDRICKSON, Julia | Director | 2023-03-31 | 2025-01-31 |
| HILL, Lynne Victoria | Director | 2017-05-25 | 2018-12-31 |
| JOHNSON, Edward Bartholomew | Director | 2019-08-05 | 2023-03-31 |
| REIDY, Ray Andrew | Director | 2019-10-04 | 2023-05-19 |
| WALKER, David John | Director | 2025-02-21 | 2026-02-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Linnaeus Group Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-25 | Active |
Filing timeline
Last 20 of 59 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-12 | AA | accounts | Accounts with accounts type full | |
| 2026-08-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-17 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-15 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-01-11 | SH01 | capital | Capital allotment shares | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-27 | SH01 | capital | Capital allotment shares | |
| 2024-09-05 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 2
- Officers appointed
- 3
- 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.