The Wylie Veterinary Centre

The Business

The Wylie Veterinary Centre was opened in 1908 and was owned by three generations of the Wylie family before Richard Doyle and Morkel Pienaar took over the reins in 2015.

Practice comprised a RCVS accredited hospital in Upminster (the highest standard possible for a private practice) and a new Pet Hub site located in Brentwood.

Gained an excellent reputation as the leading independent veterinary practice in the area, with an unrivalled reputation for the highest quality of service and staff retention.

The Situation

Next phase of growth comprising the launch of a second hospital in the Chelmsford area, alongside a number of value add propositions including their own raw pet food range and accessory products.

Requirement for the full range of options to be evaluated and a plan defined to crystallise the next stage of growth to maximise shareholder value.

Requirement to fully understand the full investment costs of the various options, including full visibility on working capital in order to manage cash flow.

Value Add

Evaluated the company’s position, assessing the key value drivers, areas of risk and reviewing the full range of options.

Worked with management to create a comprehensive integrated financial model that illustrated several sensitivities that were able to stand up to third party scrutiny.

Presented the integrated model to the incumbent funder and secured their commitment to support the long term plan.

Location

Essex

Sector

Healthcare

Deal

Business Growth

Wylie Veterinary Centre Logo Wylie Veterinary Centre Logo

We reached a pivotal point in the life cycle of our practice where we needed external expert advice in order to implement our strategy for growth. JDC came highly recommended and from our first meeting it was clear that not only did they understand the veterinary space, but they were able to debate and challenge the strategy to ensure that we have fully considered all of the complexities involved. Dave, Alex and Adam spent time with the shareholders and the wider management team before focussing their work in the key areas where their expertise added real value. We look forward to working with JDC on the next stage of our exciting journey.

Richard Doyle, The Wylie Veterinary Centre