VetPlus profits hit £2m
LYTHAM-based animal health business VetPlus is celebrating two decades of success in the veterinary nutraceutical industry and a record profit of more than £2m.
The company says that investment and commitment to research and development have been a big contributor to its success story, helping the company generate a turnover of close to £12.5m.
In the past five years the company has invested more than £5m in new equipment and has recently purchased a second building next door to its existing head office so that it can further expand its research and development facilities.
David Haythornthwaite, founder and managing director of VetPlus, said, “Having the ability to manufacture our products in house has allowed us to stay ahead of the sector with new, innovative products and as such is a vital element of the business.”
VetPlus has developed a range of products which help manage animal health issues, such as cognitive dysfunction, stress, anxiety and problematic joint function.
Mr Haythornthwaite added: “Achieving this record profit in line with our anniversary is a fantastic way to highlight the success of the past 20 years.
“We never set out to be the biggest, but simply to be recognised as the leader in our field by providing a credible alternative to long term drug therapy.”
Since Mr Haythornthwaite launched the company from his bedroom in Lytham St Annes back in 1995, VetPlus hasgrown to operate in more than 30 countries worldwide.
