Make your money go further for just 25p per day

CVS Group plc (AIM:CVSG) – acquisition of Your Vets, the bankers certainly like them!

30/03/2015 · CVS Group (CVSG) 

The UK’s leading provider of integrated veterinary services, has announced the agreement to acquire YourVets, a provider of small animal veterinary services in the West Midlands and Essex comprising seven surgeries. This is being facilitated through new debt facilities also announced today. The recent results were excellent and the bankers certainly seem to like them

YourVets was founded in July 1997 in Coventry operates seven large veterinary clinics in the Midlands and Essex. In the year to 31st March 2014, the last for which published accounts are available, YourVets generated turnover of approximately £9.2m, EBITDA of c. £0.2m and a loss before tax of £0.8m. As at 31st March 2014 net assets of YourVets were £2.4m.

Sales and EBITDA of the acquired business for the year to 31st March 2015…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login

Previous article Next article

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world


Become a Champion Investor for just £90 a year.


More on CVS Group

Coronavirus impact: 27 March - a dividend is paid, for once

27/03/2020 · Company Insights

Company results are largely ignored as ‘Covid-19’ updates dominate the headlines and where availability of cash…

Why I’m buying: CVS Group

30/09/2019 · Company Insights

The UK's largest provider of veterinary services has been a mainstay of Fundamental Asset Management's AIM…

More Company Insights

Is Rishi going to keep hospitality alive?

10/07/2020 · JD Wetherspoon · Young & Co.

Coronavirus impact: 10 July - a home recording lockdown winner

If Huawei is unravelled can BT and Vodafone pay their dividends?

10/07/2020 · BT · Vodafone