60% Micro
36% Small
3% Mid
1% Large
0% Mega
INSIGHTS - MARCH 2025
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
4,333
Annual Sales
£8bn +
Employees
91,717
Economic Contribution
£4bn
Tags
Location of Veterinary Companies
Veterinary Companies by Size
Largest Veterinary Companies
Turnover
Cvs Group Plc
£647.3m
Centaur Services Limited
£457.9m
Cvs (Uk) Limited
£450.3m
Veterinary Companies by Age
38% Established
31% Young
20% Startup
11% Mature
0% New
Fastest Growing Veterinary Companies
32% Declining
26% Healthy
16% High
15% Rapid
12% Low
Fastest Growing Veterinary Companies
3yr CAGR
Veterinary Industry Competitive Environment - New Entrants vs Leavers
Veterinary Industry Valuation
EBITDA Multiple
Veterinary Industry Valuation
Turnover Multiple
Veterinary Industry Valuation
Net Asset Multiple
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 4,333 active Businesses in the UK with combined annual sales of £8 billion .
The Industry employs around 91,717 people and contributes £4 billion to the economy.
The most popular location for Veterinary companies is North West England with 913 and the fewest are located in Northern Ireland with 87.
The largest Veterinary company is Independent Vetcare Limited with a turnover of £1.1bn. 60% of the industry is comprised of Micro companies with only 3% Mid companies.
11% of the Veterinary Industry is made up of 11% Mature but the majority are Established businesses (38%) the oldest company is Ulster Society For Prevention Of Cruelty To Animals - The founded in 1925.
Veterinary industry has a number of high growth companies (15%), 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%), Vetpartners Practices Ii Limited (55%) and Birmingham Dogs Home(the) (52%).
The UK Veterinary Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 7.90x, Turnover multiple of 1.46x and a Net Asset multiple of 1.43x.
