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CVS Group

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CVS Group plc
Company type
Public
LSE: CVSG
IndustryVeterinary services
Founded1999
HeadquartersDiss, Norfolk, England
Key people
David Wilton, Chair
Richard Fairman, CEO
RevenueIncrease £673.2 million (2025)[1]
Increase £49.8 million (2025)[1]
Increase £53.0 million (2025)[1]
Websitewww.cvsukltd.co.uk

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

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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

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  1. ^ a b c "Annual Report 2025" (PDF). CVS Group. Retrieved 26 February 2026.
  2. ^ "FTSE UK Index Series Indicative Review Membership Changes Quarterly Review March 2026". FTSE Russell. 24 February 2026. Retrieved 26 February 2026.
  3. ^ "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.
  4. ^ "CVS chief executive steps down". Insider Media. 6 November 2019. Retrieved 26 February 2026.
  5. ^ "CVS Group to move to Main Market, announces £20m share buyback". Sharecast. 24 October 2025. Retrieved 26 February 2026.
  6. ^ "British veterinary practice chain CVS shuffles management". VIN News Service. 12 November 2019. Retrieved 26 February 2026.
  7. ^ "Is The Veterinary Profession Broken?". The Dog Store. 18 June 2020. Retrieved 26 February 2026.
  8. ^ "CVS takeover of The Vet remains on hold amid competition concerns". Vet Times. 18 February 2022. Retrieved 26 February 2026.
  9. ^ "Investigation into CVS acquisition of The Vet". Northern Ireland Veterinary Today. 28 February 2022. Retrieved 26 February 2026.
  10. ^ "Six Companies Own 60% of UK Vets, and Workers Are Sick of It". Novara Media. 4 September 2024. Retrieved 26 February 2026.
  11. ^ "CVS Group Shifts from AIM to London Stock Exchange Main Market". Globe and Mail. 30 January 2026. Retrieved 26 February 2026.
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