INSIGHTS - OCTOBER 2024

UK Veterinary Industry

UK Veterinary Industry Information

The veterinary industry provides health care for farm animals or pets in veterinary hospitals, farms, kennels or homes. It also includes animal ambulance activities.

Active Businesses

4,322

Annual Sales

£8bn +

Employees

90,434

Economic Contribution 

£4bn

Tags

Location of Veterinary Companies

Veterinary Companies by Size

61% Micro

35% Small

3% Mid

0% Large

0% Mega

Veterinary Companies by Age

34% Established

33% Young

21% Startup

10% Mature

2% New

Fastest Growing Veterinary Companies

31% Declining

26% Healthy

17% High

16% Rapid

10% Low

Veterinary Industry Competitive Environment - New Entrants vs Leavers

Veterinary Industry Valuation

EBITDA Multiple

Data only available to Pomanda Pro subscribers.

Veterinary Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Veterinary Industry Valuation

Net Asset Multiple

Data only available to Pomanda Pro subscribers.

Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Veterinary activities Industry Insights

There are 4,322 active Businesses in the UK with combined annual sales of £8 billion .

The Industry employs around 90,433 people and contributes £4 billion to the economy.

The most popular location for Veterinary companies is North West England with 909 and the fewest are located in Northern Ireland with 88.

The largest Veterinary company is Independent Vetcare Limited with a turnover of £1.1bn. 61% of the industry is comprised of Micro companies with only 3% Mid companies.

10% of the Veterinary Industry is made up of 10% Mature but the majority are Established businesses (34%) the oldest company is British Veterinary Association founded in 1925.

Veterinary industry has a number of high growth companies (16%), the fastest growing company is Benchmark Animal Health Limited with a 3 year growth rate of 68%. Other fast growing companies include Worldwide Veterinary Service (55%), Birmingham Dogs Home(the) (52%) and Premier Veterinary Group Plc (48%).

The UK Veterinary Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 7.00x, Turnover multiple of 1.17x and a Net Asset multiple of 1.75x.