Veterinary practice valuations, independently prepared.

What the figure usually turns on

• EBITDA after a market-rate clinical team

  Principal vets often take drawings rather than a salary. Earnings are restated after costing every clinical role at the rate a buyer would have to pay to replace it — that adjustment alone frequently moves the figure by six figures.

• Health plan and recurring income

  Pet health plan members, plan revenue per head and attrition are the closest thing the sector has to contracted income, and buyers pay a premium for them.

• Vet and nurse retention

  Recruitment is the sector's constraint. A practice with a stable, non-locum clinical team and no single-vet dependency values considerably above one carried by the owner.

• Case mix, referral work and equipment

  Diagnostics, imaging, dentistry, out-of-hours arrangements and referral-level work all support margin. Equipment age and remaining life feed into the capex a buyer must plan for.

• Premises, tenure and catchment

  Freehold surgery held in the company is separated from trading value. Branch structure, catchment demographics and proximity to corporate-owned competitors affect both multiple and buyer pool.

Corporate offers need testing, not accepting

Consolidator approaches arrive with a headline number and a structure — deferred consideration, earn-out, tie-in period or equity roll-over — that can be worth far less than it first appears.

We value the practice independently and set out what the offer is actually worth on the terms proposed, so you're negotiating from evidence rather than from the acquirer's own framing.

No sale mandate, no success fee

We don't sell practices and take no commission, so nothing about the figure is shaped by wanting an onward instruction.

The reports are used for sale preparation, partner buy-ins and buy-outs, share transfers, disputes and HMRC submissions.

This is for you if…

• —You've had a corporate approach and want the offer tested independently.
• —You're planning a sale, retirement or a partner buy-out.
• —A partner is joining or leaving and the shares need pricing fairly.
• —You need a valuation for a share transfer, a divorce or an HMRC submission.