Business
‘Fat cats’ preying on veterinary practices
PRIVATE equity firms have been accused of collaring the market in a corporate “feeding frenzy” that has seen local, independent vets gobbled up by global giants.
Carolyn Thomas told the Senedd that non-vet ownership has led to a “monopolisation” of the sector, with six big firms owning 60% of UK practices – up from 10% a decade ago.
Leading a debate on Wednesday December 10, the Labour politician warned the “endless pursuit of profit” was driving down wages for staff while pushing up fees for customers.
“The cost-of-living crisis has put significant financial burden on pet owners,” she said.
“Many have been priced out of pet insurance, with premiums based on postcode. If an area has a large corporate presence, premiums are higher, but without insurance, sudden, huge vet bills can be impossible to pay…
“I read about pet owners skipping meals to cover costs, having to hand over their pets to rescue, or – in some cases – very sadly being forced to euthanise their pet.”
The short debate was prompted by a petition submitted by Linda Evelyn Joyce-Jones raising concerns about the corporate takeover of veterinary practices.
In 1999, the Blair UK Government changed the law to allow vet practices to be owned not only by qualified veterinary surgeons.
Ms Thomas raised an ongoing Competition and Markets Authority (CMA) investigation into the veterinary market for household pets which has uncovered major competition concerns.
She told Senedd Members: “One of the companies being looked into is IVC Evidensia, the largest provider of vet services in the UK, owning over 1,000 practices. It is owned in part by Nestlé, which also manufactures pet food.
“How can owners be confident of the quality of the food or the nutrition advice from their vet when the two have such a conflict of interest?”
Ms Thomas, who chairs the Senedd’s petitions committee, said bills for pet owners have increased by 60% – “double the rate of inflation and increases in vet salaries”.
She pointed to growing pressure on rescue centres, with the RSPCA reporting a 25% rise in the number of pets abandoned in Wales and England this year.
She said: “Pets are a much-loved part of the family and it can be incredibly worrying for owners and have a significant mental health impact when their animal becomes unwell.
“It’s even more stressful and expensive when this happens outside of normal practice hours, and many of the large companies… do not cover out-of-hours emergency care.”
Ms Thomas told the Senedd the corporate takeover is having a “severe negative impact” on those working in the sector, “which is plagued by support staff experiencing poverty pay”.
She warned vets feel pressured to upsell to pet owners or book emergency appointments for non-urgent symptoms due to strict deadlines and targets.
“The situation is clearly unsustainable,” she said.
“It’s costing the lives of pets, it’s traumatising and unaffordable for pet owners and has created an unacceptable work environment for vets and support staff.
“France has taken legal steps against the corporate ownership of clinics, and Ireland is considering the same. I believe that the UK needs to take action now, before it’s too late.”
The north Walian warned of a “dire” situation on Anglesey where there are no out-of-hours vet services, “a constant source of concern for local pet owners”.

Andrew RT Davies, the former Tory group leader, described the situation on Ynys Môn as an “unmitigated disaster” for islanders who view their pets as part of their family.
Responding to the debate, Huw Irranca-Davies, Wales’ Deputy First Minister, acknowledged the growing trend of corporate consolidation had raised critical questions.
Mr Irranca-Davies, who is responsible for animal welfare policy, said the Welsh Government was awaiting the final outcome of the CMA’s investigation expected in March 2026.
He pointed out that regulation of veterinary surgeons remains non-devolved as he welcomed the UK Government’s intention to consult on “timely” reform of the Veterinary Surgeons Act.
The MP-turned-Senedd Member, who was a Defra minister under Gordon Brown, said: “My priority is to ensure that Wales has exemplary standards of animal health and welfare, and a thriving veterinary sector is essential to achieving those goals.”

Business
Tenby Animal store sign concerns from civic society
OFFICIAL planning for the signage associated with the new Animal store in Tenby has been given the go-ahead despite concerns raised by the local civic society it ‘grated’ with the Victorian and Georgian character of Tudor Square.
Animal Tenby opened its doors in late November at the Grade-II-listed Tudor House, Tudor Square, which has more recently been used as a café.
Several cafés had run at the site including Oakley’s, Caffi Llyw and most recently, Henry’s.
The new Animal store sells outdoor wear, ski gear, beachwear and robes and kids’, women’s and men’s clothes.
Animal is part of the Mountain Group which incorporates Mountain Warehouse and Eastern Mountain Sports.
The Tenby Animal store was the tenth stand-alone Animal store in the UK.
A November-registered planning application to Pembrokeshire Coast National Park, by Holden Signs Ltd on behalf of Animal, covering the store’s signage was approved by park officers under delegated powers yesterday, January 19.
The proposals were supported by Tenby Town Council but Tenby civic Society, while not formally objecting, had raised concerns.
“The new sign lettering is of suitable size and the fascia setting proposed is fine. The Animal house logo-style lettering grates with the Victorian and Georgian character of Tudor Square and the conservation area. We note that nearby proposed Tesco signage was amended to maintain the character of the conservation area, and we feel the logo lettering does not enhance the character of the conservation area.
“It is a brand logo so a check whether they have amended it to fit in other conservation areas is a relevant consideration to put to the applicant.”
An officer report recommending approval said: “Tenby Civic Society whilst having no objection in principle has expressed concern as to the font style.
“Whilst a distinctive and modern font, it is not considered that the character or appearance of Tenby Conservation Area is negatively affected. The impact on amenity is considered negligible.”
Business
What to expect from your conveyancing solicitor at every stage of the sale
Selling a home isn’t just about accepting an offer; it’s a legal journey filled with contracts, deadlines, and constant communication. Without the right support, it can quickly feel overwhelming. That’s why understanding what your solicitor does at every stage helps you stay informed and confident throughout the process.
With professional guidance, you can move through each phase feeling reassured that your sale is in safe hands. Keep reading to see how your solicitor guides you through each step of the sale with care and clarity.
Understanding the role of your conveyancing solicitor
Your conveyancing solicitor handles all the legal work that turns an accepted offer into a completed sale. From verifying your property’s title to preparing contracts, they make sure every legal detail is accurate and every requirement is met.
Experienced conveyancing solicitors, such as those working with SAM Conveyancing, act as your trusted legal partner by coordinating with the buyer’s solicitor, estate agent, and lender so your sale moves forward smoothly and without unnecessary stress.
Preparing and issuing the draft contract
Once an offer is accepted, your solicitor gathers essential documents like the property title deeds, identity verification, and details of any outstanding mortgage. Using this information, they will prepare the draft contract that sets out the agreed price, property boundaries, and any included fixtures or fittings.
This draft is sent to the buyer’s solicitor for review. If any concerns arise, such as questions about access rights or shared responsibilities, your solicitor will help clarify them quickly so progress is not delayed. Their role at this point is to make sure the terms protect your interests and that the sale remains on track.
Responding to enquiries and managing searches
After reviewing the contract, the buyer’s solicitor will raise enquiries, which are questions about the property’s condition, history, or legal standing. Your solicitor will guide you through these, helping provide accurate responses and ensuring you understand any implications.
They will also review the buyer’s search results to confirm there are no legal issues that could affect the sale. During this phase, consistent communication is key. A good solicitor keeps you informed so you always know what is happening and what is needed from you next.
Exchanging contracts and finalising the agreement
Once all enquiries are resolved and both parties are satisfied, the transaction moves to the exchange of contracts. This is when your sale becomes legally binding. Your solicitor will confirm that the contracts are identical, arrange for signatures, and agree on a completion date.
Before exchange, they will ensure any mortgage redemption figures are in place and that all outstanding requirements have been met. When contracts are exchanged, both sides are committed to completing the sale, giving you certainty and peace of mind.
Completing the sale and handing over the keys
Completion day marks the final handover of ownership. Your solicitor will receive the buyer’s funds, confirm the transaction with the buyer’s solicitor, and authorise your estate agent to release the keys.
They will also handle repayment of any mortgage and deduct legal fees before transferring the balance to your account. Finally, they will ensure the property title is legally transferred to the new owner and that all official records are updated correctly.
How your solicitor supports you even after completion
Even once the sale is complete, your solicitor’s support does not stop there. They will follow up with confirmation that your mortgage has been discharged and help with any remaining legal paperwork.
If post-completion questions arise, such as final bills or documentation requests, they will be on hand to offer clear guidance. Having this continuity of support helps ensure the process ends as smoothly as it began.
Selling with confidence and clarity
Selling property can feel complex, but when you understand what to expect from your solicitor, the process becomes far easier to manage. Each stage, from preparing contracts to completion, is handled with precision and care to protect your interests.
With experienced professionals guiding you, you will move through your sale confidently, knowing that every detail has been managed with expertise and integrity.
Business
Rates shock fears reach the Senedd as 100+ west Wales firms back Kurtz briefing
BUSINESS rates fears in west Wales reached the Senedd this week after Samuel Kurtz MS warned that hospitality and tourism firms could face “irreversible damage” unless ministers rethink the approach to the 2026 revaluation.
During First Minister’s Questions on Tuesday (Jan 20), the Conservative MS said he and Preseli Pembrokeshire MS Paul Davies would be hosting a business briefing for “over 100 businesses from across west Wales” who were “worried, frustrated and angry” about looming increases.
He told the Senedd one local hotel faced its rates bill rising from “£10,000 to £33,000” — an increase of “230 per cent” — and urged the First Minister to “change course on this immediately, before irreversible damage is done to the hospitality sector”.

The intervention is the clearest sign yet that concern over steep projected increases — particularly among hotels, pubs, restaurants and visitor attractions — is turning into an organised campaign, with businesses swapping draft figures and warning of closures and job losses if the biggest rises go ahead.

Responding, First Minister Eluned Morgan defended the Welsh Government’s record of support for the sector.
She said: “It is wrong to claim that we have not supported hospitality. We have spent over £1 billion since 2020 on business rate support for retail, leisure and hospitality.”
She added: “After April, at least half of pubs will get help with rates and a quarter will pay no rates at all.”
The First Minister also signalled that she could not commit to matching decisions made in England until the Welsh Government had full detail of what was being offered there and what funding consequentials might follow for Wales.
Pembrokeshire concerns fed into wider backlash
In Pembrokeshire, the issue first gained traction after county councillor Huw Murphy raised alarm about the scale of increases some firms were seeing in draft figures ahead of April 2026.
Since then, local businesses have reported proposed rises well into three figures in percentage terms — often in areas where footfall and seasonal trade are already fragile — with owners warning that higher overheads will squeeze budgets for staffing, maintenance and investment.
While some premises are expected to benefit from reductions, the sharpest increases appear concentrated in parts of the visitor economy, where rateable values can rise quickly in line with market evidence and local demand.
Mr Kurtz’s briefing is expected to focus on how the new figures are calculated, what scope there is for appeals, and what further relief—if any—might be needed for firms facing the largest jumps.
With attendance already said to be over 100, the meeting is also likely to act as a barometer of how far concern has spread across west Wales—and whether pressure will build on ministers to revisit support for hospitality, leisure and tourism businesses ahead of April.
The online event, taking place on Monday 26 January 2026 at 10:30am, will bring together key organisations involved in business rates and the local economy, including the Valuation Office Agency (VOA), UK Hospitality, the British Beer & Pub Association (BBPA), PASC, Welsh Government and Pembrokeshire County Council (PCC).
The forum is designed to help businesses better understand how business rates are calculated, how recent changes to rateable values may affect their bills, what reliefs may be available, and how to check and challenge valuations where appropriate.
For many firms, the rates issue is landing alongside wider cost pressures, with business groups warning that even a small number of forced closures could ripple outward—reducing local employment, weakening town centres and undermining the rural tourism offer.
Commenting on the strong response, Samuel Kurtz MS said: “The fact that more than 100 businesses have signed up shows just how much concern there is locally about business rates. By bringing together the VOA, industry bodies and the local authority, businesses will be able to get clear, reliable information directly from those involved in the system.”
Businesses from across retail, hospitality, services and the rural economy have registered, highlighting the wide-ranging impact of business rates on the local area.
“Too many businesses only discover there is an issue when their bill arrives,” Samuel Kurtz MS added. “This forum is about helping businesses check their rateable value early, understand what support is available, and take action if something does not look right.”
Paul Davies MS said: “Business rates continue to place real pressure on shops, pubs, hospitality venues, tourism businesses and small employers across Pembrokeshire and the wider region. This online forum is a practical step to help businesses better understand the system and ensure they are not paying more than they should. It also underlines the importance of reforming business rates so they are fair, transparent and do not hold back local growth.”
What is the 2026 revaluation?
NON-domestic rates are calculated using a property’s “rateable value”, which is reassessed periodically in a revaluation.
The new values linked to the 2026 revaluation are due to take effect from April 2026, meaning some businesses will see bills rise while others fall.
If a business believes its valuation is inaccurate, it can challenge it through the Valuation Office Agency process, but firms are being urged to act early and gather evidence—such as comparable rents, trading impacts and property details—before formal deadlines.
Reliefs can also apply, including small business relief and sector-specific support, depending on the size and type of premises.
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