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Successfully funded
overfunded
Local Vets
122%
Raised
£49,060
Investors
102
Target
£40,000
Equity
14.05%
Pre-money valuation
£300,000

Local Vets is a developing community of locally owned vets practices, committed to keeping pets healthy. We aim to become the UK’s best known and most trusted pet care brand by championing the role that locally owned vets play in the pet care market.

  • Helps locally owned vets to grow brand reach
  • A freemium membership scheme for independent veterinary practices
  • Revenue driven from both vets and pet owners
  • Operating in a market worth over £6.8 billion annually and growing

Idea

Local Vets offers locally owned veterinary practices the chance to become part of a community of practices, all in independent ownership and benefiting from our support.

For vets: We help locally owned practices differentiate themselves from the competition with bespoke marketing, promotions and support tools. We always aim to ensure that vets deliver the best possible experience founded in the personal and local focus their clients love.

For pet owners: We offer an opportunity to find a ‘Local Vets Approved Practice.’ That is, a practice committed to exceptional client experience and to working with compassion, care, and for the benefit of their pet owning community. We also plan to enable our 'Approved Practices' to offer their clients pet health products such as pet insurance. We also aspire to help independent vets to grow a better business and their clients to have a better experience. [5]

We launched our services in April 2016 and signed up our first two practices within a few weeks. We received excellent initial client feedback: “I think in the current climate this is a brilliant idea - wish I had thought of it!”

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Local Vets has submitted their plans to raise money, details of their structure and trade etc. to HMRC and is awaiting advice on whether the share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax reliefs.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.