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6 January 2011
Devon veterinary surgery relocates after cash injection
Dart Vale Veterinary Group’s Totnes surgery is set to move to new premises in the town after securing a six figure business loan from Lloyds TSB Commercial.
Established over 50 years ago the practice remains truly mixed and caters for all species. Employing over 30 people, the group currently has six branches in Totnes, Paignton, Brixham, Ashburton, Buckfastleigh and Dartmouth
The existing Fore Street site has served the practice well over the years but did not allow for expansion and had limited parking. The new site in Station Road, Totnes is due to open early next year and will provide clients with a spacious, custom built facility, on one level with 20 plus parking spaces. It will also be easily accessible by foot from the town centre.
The new practice will also be able to service more varied cases sent in from other parts of the group’s network, including a dedicated lambing room which will be set aside for delivering lambs during their season.
The partners hope that this facility will provide the foundation for the next 50 years of the practice’s evolution.
Anne Pettigrew, practice manager at Dart Vale Veterinary group said "We found that the premises on Fore Street had become too small to accommodate the growing levels of demands and client expectation we are seeing from the local area"
“Lloyds TSB Commercial has been a huge help and with its financial backing we have been able to continue to expand the business and achieve our ambitions."
“We are also pleased to be working with professional local companies such as our construction company Arque Ltd from Exeter, and Architect, BBH, Torquay.
The new veterinary medical equipment & clinical fixtures are being supplied by Burtons Medical Equipment Ltd who has also been very helpful.”
Clive Rowe, healthcare banking consultant at Lloyds TSB Commercial, said: “Dart Vale Veterinary Group is one of the longest established practices in the area and it is great to see such an ambitious management team driving the business forward. With our funding the firm has been able to secure a fantastic new premises that will provide a strong base from which to grow the business further.”
“Our Healthcare Banking team undergoes constant training to fully understand the specific needs of the veterinary sector and we have used this knowledge to work closely with Anne and the team to support them in developing their business.”
Established over 50 years ago the practice remains truly mixed and caters for all species. Employing over 30 people, the group currently has six branches in Totnes, Paignton, Brixham, Ashburton, Buckfastleigh and Dartmouth
The existing Fore Street site has served the practice well over the years but did not allow for expansion and had limited parking. The new site in Station Road, Totnes is due to open early next year and will provide clients with a spacious, custom built facility, on one level with 20 plus parking spaces. It will also be easily accessible by foot from the town centre.
The new practice will also be able to service more varied cases sent in from other parts of the group’s network, including a dedicated lambing room which will be set aside for delivering lambs during their season.
The partners hope that this facility will provide the foundation for the next 50 years of the practice’s evolution.
Anne Pettigrew, practice manager at Dart Vale Veterinary group said "We found that the premises on Fore Street had become too small to accommodate the growing levels of demands and client expectation we are seeing from the local area"
“Lloyds TSB Commercial has been a huge help and with its financial backing we have been able to continue to expand the business and achieve our ambitions."
“We are also pleased to be working with professional local companies such as our construction company Arque Ltd from Exeter, and Architect, BBH, Torquay.
The new veterinary medical equipment & clinical fixtures are being supplied by Burtons Medical Equipment Ltd who has also been very helpful.”
Clive Rowe, healthcare banking consultant at Lloyds TSB Commercial, said: “Dart Vale Veterinary Group is one of the longest established practices in the area and it is great to see such an ambitious management team driving the business forward. With our funding the firm has been able to secure a fantastic new premises that will provide a strong base from which to grow the business further.”
“Our Healthcare Banking team undergoes constant training to fully understand the specific needs of the veterinary sector and we have used this knowledge to work closely with Anne and the team to support them in developing their business.”
Notes to editors
Notes to editorsLloyds TSB Commercial is a trading name of Lloyds TSB bank plc and Lloyds TSB Scotland and provides dedicated banking services for customers with an annual turnover of up to £15 million, from start-ups to established companies looking to grow.
Lloyds TSB was voted Bank of the Year for the sixth year running at the Real FD/ CBI FDs' Excellence Awards 2010 in recognition of the support it offers its business customers.
Lloyds Banking Group has over one million small and medium sized business and not for profit customers and has launched a three-year programme of support for SMEs.
The key points of the 2012 SME Charter are:
1. Lloyds TSB will encourage enterprise, boost access to finance and provide clearer and fairer pricing for customers – including a pledge to help 300,000 new start ups by 2012
2. Lloyds TSB will run a programme of 200 nationwide seminars every year for the next three years, to provide expert guidance and support for SMEs on starting up, employment, exporting, bidding for 2012 contracts, sustainability and finance
3. Lloyds TSB will agree to any reasonable request for competitive commercially-priced finance (whether short-term or long-term) from viable business customers
4. Lloyds TSB will not change the availability of overdrafts during the period of a customer’s agreement, as long as their accounts are kept within agreed terms and limits
5. The price of existing loans or renewed overdrafts will reflect the cost of funding. The margin Lloyds TSB charges over the cost of funding will only increase where there has been a material increase in risk (subject to a minimum 1.5 per cent over the cost of our funds). Lloyds TSB will be transparent about pricing and help customers understand the price of their facilities. Where margins increase, Lloyds TSB will provide a clear explanation of the reasons
6. Lloyds TSB’s fees will be competitively priced. And arrangement fees on loans and overdrafts will not be greater than 1.5 per cent of the overall value of the facility
For more information, please visit www.lloydstsb.com/business Back to top | More Lloyds TSB stories


