Premier Veterinary Group plc (LON:PVG) are the topic of discussion when Mike Allen caught up with DirectorsTalk. Mike outlines the company and explains why they should be attractive to potential investors.
Premier Veterinary Group plc, operates various veterinary practices and provides non-medical services to other veterinary practices. The Company operates through segments, including Vets Business, Buying Group, Pet Care Plan and Pet Care Plan overseas. The Vets Business segment is engaged in day to day running of veterinary practices. The Buying Group includes the management fees that are earned when a member practices purchases goods, and becomes entitled to negotiated rebates and discounts. Its Pet Care Plan is the fees received for the collection and management of direct debits on behalf of veterinary practices external to the company. The Company’s Pet Care Plan is divided into the United Kingdom and overseas. The Company, through its subsidiary, Premier Vet Alliance Limited (PVA), is a provider of services to veterinary practices, including the administration of a preventative healthcare program for pets branded Pet Care Plan.
