Accounts for a dog breeding establishment near Clabby which was the focus of an in-depth investigation into how puppies bred there were then sold in England show it has assets of over £4 million.

The UK Dog Breeding Academy Ltd, which is owned by David and Jonathan Hamilton, but has a registered office address in Hertford saw increases in its net assets in 2023 compared to 2022.

The balance sheet, as of January 31, 2023, showed a year of financial growth, marked by increased assets, enhanced liquidity and reduced liabilities.

The accounts for the business, available on the Companies House website, reveal an increase in net assets totalling £4,933,944 in 2023, a rise from £4,476,109 in 2022.

Total current assets in 2023 reached £4,833,673 from £4,796,706 in 2022 while how much the company owed to creditors fell from £619,726 in 2022 to £236,498 in 2023.

This left their net current assets as of January 31, 2023, at £4,597,175, up from £4,176,980 in 2022.

The accounts also show that The UK Dog Breeding Academy doubled their investments with the figure rising from £1,150,050 in 2022 to £2,320,415 in 2023.

Current assets, including stock levels, grew slightly, with inventory increasing to £35,979 from £32,872. However, a more substantial shift was seen in the amount owed to the company, as debtors surged to £1,181,155 from £764,778. This could be attributed to increased sales or deferred payments.

The value of the company’s tangible assets, such as buildings and equipment, saw a notable rise from £299,129 in 2022 to £336,769 in 2023, signalling potential investments in or upgrades to its physical assets.

The figures show the dog breeding establishment in a healthy position and mirrors the business’s growth in the last few years.

Net assets in 2022 were £4,476,109 compared to £3,54616 in 2021 and £1,455,683 in 2020 according to the account on Companies House.