We are accountants for pharmacists who operate a single pharmacy or several. Our specialist team understand the unique problems you face and can support you.

At a time of financial pressure on NHS budgets and rapid technological change, our team with 20 years’ industry experience can help you maintain sales and increase profits, leaving you to focus on providing an exceptional service to clients.

How can we help you?

Our team will offer you and your pharmacy tailored comprehensive services.

SETTING UP A PHARMACY

Setting up a pharmacy can be a very exciting time. Our team of specialist pharmacy accountants and business advisers can help with:

Benchmarking
Choosing the best business structure
Preparing a business plan
Sorcing funding
Pricing strategy
Staffing strategy
Tax planning

We are here to listen to you and help develop a plan that achieves all of your objectives.

SUPPORTING YOUR PHARMACY

Whether you operate a single pharmacy or several, we have the expertise and sector knowledge to support you. We can help you maintain sales and increase profits, ensuring you can focus on what is important - providing an exceptional service to your clients. We can help with:

Accounting and bookkeeping
Benchmarking and practice profitability
Business plans and financial projections
Financial planning
Goodwill valuations
Management accounts
Ownership change
Payroll
Raising finance
Tax planning and compliance

SELLING YOUR PHARMACY

If you are considering selling your pharmacy, we can help you. Our services are designed to maximise your return and mitigate tax, including:

Pre-sale profit improvement advice
Pre-sale taxation planning
Valuing your practice
Negotiation of price and terms
Assistance with the due diligence process
Supporting you through the process to completion
Financial review of legal documentati on
Assistance with post completi on matters

All dealt with in the strictest of confidence.

BUYING A PHARMACY

If you are considering buying a pharmacy, our buying service will support you through the entire process, including:

Advice on structure for aquisition
Assistance with completion acounts
Benchmarking
Calculation of variable EBITDA
Comparison of purchase price
Financial due dilligence
Identifying and approaching targets
Reviewing admin expenses
Reviewing staffing levels

Accounting and bookkeeping
Benchmarking and practice profitability advice
Business plans and financial projections
Buying a pharmacy
Due dilligence
Financial planning
Goodwill valuations
Management accounts

Ownership change
Payroll
Raising finance
Mergers and de-mergers
Remuneration advice
Sage installation and training
Selling a pharmacy and preparing it for sale
Setting up a pharmacy
Tax planning and compliance

Understanding pharmacy finance

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Understanding you and helping you achieve your goals

We understand the challenges and opportunities in the pharmacy industry.

Whether you operate an independent pharmacy, a small chain, a large chain or are a locum/self-employed pharmacist, we can give you realistic, customised advice that will help you realise your potential and achieve your goals.

Going beyond the compliance based services that many accountancy firms offer, we always think creatively and will offer advice beyond conventional compliance.

If you decide to sell your business, we can also help in negotiations and place a fair value on the business and goodwill.

Making a difference

We work with pharmacies on a full time basis ensure we can provide you with timely business advice and support for you and your pharmacy.

To ensure you are receiving relevant information on topical issues affecting the pharmacy market, we are also members of AIM Pharmacies.

Featured news

Pharmacy update: Year-end tax planning - our top 10 tips

Wednesday 19 February 2020

As another tax year draws to a close, now is a good time to take stock and consider whether all allowances and reliefs have been maximised as far as possible and whether any action needs to be taken pre 6 April 2020.