CVS Group

CVS Group

CVS Group plc is one of the veterinary services providers in the UK and owns over 430 veterinary surgeries. Learn more

Launch date
Employees
Market cap
€967m
Enterprise valuation
€1.2b (Public information from Sep 2024)
Company register number 06312831
Diss England (HQ & founding location)

Financials

Estimates*

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Revenues, earnings & profits over time
GBP2020202120222023202420252026
Revenues428m510m554m608m664m711m749m
% growth5 %19 %9 %10 %9 %7 %5 %
EBITDA64.9m88.2m90.1m112m127m137m146m
% EBITDA margin15 %17 %16 %18 %19 %19 %19 %
Profit5.7m19.3m25.7m41.9m44.3m46.2m55.6m
% profit margin1 %4 %5 %7 %7 %6 %7 %
EV / revenue2.1x3.6x2.4x2.6x1.6x1.4x1.3x
EV / EBITDA13.7x21.1x14.6x14.2x8.1x7.2x6.5x
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DateInvestorsAmountRound

N/A

Growth Equity non VC
N/A

N/A

IPO
N/A

£60.0m

Post IPO Equity
Total Funding-

Recent News about CVS Group

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More about CVS Groupinfo icon
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CVS Group plc is a major player in the veterinary services industry in the UK, with a significant presence in the Netherlands and the Republic of Ireland. The company operates over 500 veterinary surgeries, catering to small animals, large animals, and equines. This extensive network includes specialized referral practices for more complex cases. CVS Group serves a diverse client base, ranging from individual pet owners to large farms and equine enthusiasts.

The company operates in the veterinary healthcare market, which is a growing sector driven by increasing pet ownership and the rising demand for high-quality animal care. CVS Group's business model is built on four main pillars: veterinary practices, diagnostic laboratories, pet crematoria, and an e-commerce division.

Revenue is primarily generated through the provision of veterinary services at their numerous practices. These services include routine check-ups, surgeries, and specialized treatments. Additionally, CVS Group runs diagnostic laboratories that offer testing services not only to their own practices but also to third-party veterinary clinics. This adds a significant revenue stream from external clients.

The Healthy Pet Club is another innovative offering from CVS Group. It is a pet healthcare plan that provides preventative care at a cost-effective rate, ensuring steady, recurring income for the company while offering value to pet owners. Furthermore, the company operates pet crematoria, providing both veterinary practices and pet owners with respectful and professional pet cremation services.

CVS Group is also active in the e-commerce space, selling pet-related products online, which complements their core veterinary services and broadens their revenue base. The company is continuously looking to expand by integrating high-quality veterinary practices into its network, thereby increasing its market share and operational footprint.

Keywords: Veterinary Services, Diagnostic Laboratories, Pet Crematoria, E-commerce, Preventative Healthcare, Pet Owners, Equine Care, Small Animal Care, Large Animal Care, UK Market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
Investments analysisEdit

Investments by CVS Group

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Troytown Greyabbey Equine Veterinary Services
ACQUISITION by CVS Group Aug 2018
Your Vets
ACQUISITION by CVS Group Mar 2015
Highcroft Pet Care
ACQUISITION by CVS Group Oct 2015
The Vet
ACQUISITION by CVS Group Aug 2021
Okeford Veterinary Centre
ACQUISITION by CVS Group Oct 2015
Bell Equine Veterinary Clinic
ACQUISITION by CVS Group Mar 2017
Kliniek voor Gezelschaps Dieren
ACQUISITION by CVS Group Dec 2016
Dierenziekenhuis Drachten
ACQUISITION by CVS Group Dec 2016
Valley Veterinary Group
ACQUISITION by CVS Group Feb 2017
Aire Veterinary Centre
ACQUISITION by CVS Group Sep 2017
View 134 more