ThinCats provides £3m funding to support fast growing independent veterinary group The Pet Vet
ThinCats, the leading alternative lender to mid-sized SMEs, has supported South Yorkshire and Lincolnshire based independent veterinary group, The Pet Vet, with £3.1m in growth funding.
Founded in 2011, The Pet Vet remains a vet-owned, independent practice, bucking the trend of corporatisation in this sector. The organisation is successfully led by managing director, Dr Mel Fuller; and through the expertise and commitment of the vets, nurses, customer care assistants and administrators, the practice provides exceptional preventive healthcare programmes, in addition to accurate and timely diagnoses, treatment plans, surgical procedures and prognoses.
With state-of-the-art surgeries across South Yorkshire and Lincolnshire, each of their 4 sites, located in Rotherham, Doncaster, Barnsley and most recently in Lincoln, is purpose built and equipped with the latest technology. The significant expansion of the surgery in Rotherham has added further facilities, including a CT scanner, offering an even wider range of diagnostic and orthopaedic services to their local patients, to The Pet Vet’s other surgeries and to external practices through referral.
Dr Mel Fuller, managing director at the Pet Vet commented: ‘’The funding secured from ThinCats will enable us to deliver our ambitious plans to improve and expand the services we offer. Every surgery will benefit from the funding, further enhancing our workplace environment, customer experience and patient care, and aligning with one of our core Values: ‘We strive to be better everyday’.’’
Ben Kimball, director business development, ThinCats: “It is fantastic to support ambitious businesses like The Pet Vet, but it is even more rewarding given I have known the business for over 8 years, and understand their importance to the local communities they operate in. It was great to work with the team at Parsons on the transaction, and we look forward to seeing The Pet Vet go from strength to strength.
Dr Rob Jones, owner and chairman at The Pet Vet, said: “We are delighted to secure this funding as we aim to continue on our strong growth trajectory over the next few years. Our success can be attributed to the hard work of our knowledgeable team and our passion for delivering excellent patient care. Thanks to ThinCats we can look to provide our services to even more families in the future.”
The funding, advised by Parsons Accountants, will help fund the next phase of growth as the management team look to double the size of the business. Legal support for ThinCats was provided by Andrew Curtis & Marie Pugh at Clarion Solicitors.