Pre-tax profits increased at a Stoke-on-Trent-based veterinary supplies wholesaler during its latest financial year despite "intense competition", according to new documents, with turnover remaining "stable".
National Veterinary Services was founded in 1989 by Peter Ashton, his uncle Alan Ashton and Paul Hill.
The company has reported pre-tax profits of £12.5m for the year to 30 April 2022, up from £11.5m in 2021.
Turnover went from £516.2m to £515.8m over the same period.
A statement signed off by the board said: "This year saw stable turnover and improved operating profit in the face of intense competition.
"Continuing significant investments in infrastructure have allowed the business to maintain and enhance service levels for our customers in a dynamic and constantly changing environment."
It added: "The company intends to build upon its strong foundations, seeking growth through product and service innovation, as well as complementary acquisitions if they were to become available."
Original article and image from Insider Media Limited
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