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 | |
| Type | Public |
|---|---|
| LSE: CVSG | |
| Industry | Veterinary services |
| Founded | 1999 |
| Headquarters | Diss, Norfolk, England |
Key people | David Wilton, Chair Richard Fairman, CEO |
| Revenue |  £673.2 million (2025)[1] |
| £49.8 million (2025)[1] | |
| £53.0 million (2025)[1] | |
| Website | www |
CVS Group plc is a British veterinary services business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]
History
[edit]Following the implementation, in 1999, of a change in the Veterinary Surgeons Act 1966 so as to allow ownership of veterinary practices by non-veterinary surgeons, a group of individuals took the initiative to form the company.[3]
Simon Innis joined the company as chief executive in January 2004 and led the company through much of its growth as it acquired small veterinary practices around the UK.[4] The company was the subject of an initial public offering on the Alternative Investment Market in October 2007.[5] The former finance director of the business, Richard Fairman, took over as CEO in November 2019.[6]
By 2020, CVS Group was the largest veterinary business in the UK.[7] After the Competition and Markets Authority expressed concerns, a proposed acquisition of a rival business, The Vet, was put on hold in February 2022.[8][9] By 2024, CVS Group and five other companies owned 60% of all UK veterinary practices.[10]
The company transferred from the Alternative Investment Market to the main market in January 2026.[11]
References
[edit]- 1 2 3 "Annual Report 2025" (PDF). CVS Group. Retrieved 26 February 2026.
- ↑ "FTSE UK Index Series Indicative Review Membership Changes Quarterly Review March 2026". FTSE Russell. 24 February 2026. Retrieved 26 February 2026.
- ↑ "CVS: The country's biggest veterinary group you've never heard of has bold expansion plans". The Telegraph. 13 November 2016. Retrieved 26 February 2026.
- ↑ "CVS chief executive steps down". Insider Media. 6 November 2019. Retrieved 26 February 2026.
- ↑ "CVS Group to move to Main Market, announces £20m share buyback". Sharecast. 24 October 2025. Retrieved 26 February 2026.
- ↑ "British veterinary practice chain CVS shuffles management". VIN News Service. 12 November 2019. Retrieved 26 February 2026.
- ↑ "Is The Veterinary Profession Broken?". The Dog Store. 18 June 2020. Retrieved 26 February 2026.
- ↑ "CVS takeover of The Vet remains on hold amid competition concerns". Vet Times. 18 February 2022. Retrieved 26 February 2026.
- ↑ "Investigation into CVS acquisition of The Vet". Northern Ireland Veterinary Today. 28 February 2022. Retrieved 26 February 2026.
- ↑ "Six Companies Own 60% of UK Vets, and Workers Are Sick of It". Novara Media. 4 September 2024. Retrieved 26 February 2026.
- ↑ "CVS Group Shifts from AIM to London Stock Exchange Main Market". Globe and Mail. 30 January 2026. Retrieved 26 February 2026.