Shuttleworth Veterinary Group

From poorly puppies to sickly snakes, veterinary practice, Shuttleworth Veterinary Group in Rawtenstall has built an enviable reputation for excellent standards of care and service over the years.

Vet, Vince Wager, joined the business in 2010 and had discussed the possibility of opening a second practice with the company’s owner, Hammad Sarwar.

When an opportunity arose to acquire a suitable property in Rochdale, the colleagues turned to Haworths for help in setting up the new business, Valley Vetcare, as a 50/50 partnership.

The business partners wanted help in structuring the new business to maximise the benefits of the links between the two practices while keeping them financially separate.  They also wanted to build in varied options for future planning.

Following advice from Haworths, Vince and Hammad decided to keep the property and the business financially separate. They took joint ownership of the premises, opting to rent the property to the Rochdale practice, which they also own on a 50/50 basis.

This flexible solution means that any future deal to sell could either be structured as a transaction involving both the practice and the property or as the sale of just the business with Vince and Hammad renting the property to the new owners.