Premier Veterinary hits new high as pet plan numbers leap

Premier Veterinary Group has enjoyed a 48% increase in the number of pets on its preventative healthcare programme helped by a 11% leap in the last quarter.

Premier's recurring revenue streams are driven by the number of pets that are signed up to the Premier Pet Care Plan.

As at the end of December, there were 132 pets on the plan in the UK, 21 in Europe and a first in the US, meaning the total of 154 compares to the 104 a year before.

Shares in Premier Vet hit 215p just after the announcement on Tuesday afternoon, their highest level since reversing into Ark Therapeutics in 2014.