Pharmacy Finance Scheme

Do you need to raise finance to purchase, expand or develop your business?

Alliance Healthcare’s Pharmacy Finance Scheme (PFS) is an innovative and customer-focused loan facilitation scheme designed to help independent pharmacists do just this.

Through the PFS, Alliance Healthcare facilitates the application process for loans, which are currently provided by Santander. Working, as always, in partnership with our pharmacist customers, we believe we can offer you the benefit of our extensive knowledge and experience of the pharmacy sector. We are happy to advise you on your investment, both at the planning stage and subsequently as you develop your business.

Make your dream a reality

Alliance Healthcare is committed to supporting the continued success of the independent community pharmacy sector in England, Scotland and Wales. Clearly our success is based on the success of our customers so we are delighted to encourage both new entrants and existing customers within this sector. Alliance Healthcare’s Pharmacy Finance Scheme can help you make your vision of owning or developing a pharmacy a reality.

First steps

  • Are you prepared to work long hours for what may be, initially, uncertain returns?
  • Are you aware of the regulatory requirements surrounding the ownership and day-to-day management of a pharmacy in England, Scotland or Wales and the legal requirements of running a business?
  • Have you practical experience as a pharmacy manager?
  • Have you any formal business training?
  • Do you have any money you can put into the business?

If you answered yes to all or most of the above, why not find out how the Alliance Healthcare Pharmacy Finance Scheme can help?

Why choose the Alliance Healthcare PFS

A loan be used for business purposes, for example:

  • Acquisition of a pharmacy
  • Shop expansion
  • Relocation
  • Shop re-fit
  • Refinancing of existing debt.

What is your side of the deal?

  • Alliance Healthcare do not expect pharmacists to purchase all medical and counter products through ourselves. However, we do ask that customers commit to purchase a minimum of 70% of all products which the Alliance Healthcare Group could be reasonably expected to supply
  • Purchases from OTC Direct Limited, a competitively priced short-line wholesaler which is part of the Alliance Healthcare Group, are included as part of the pharmacist’s contribution towards meeting the 70% spend target
  • You must commit to 30 day payment terms
  • In order that we can provide the fullest of support we would ask that you provide financial statements both at the initial processing stage and annually thereafter.
  • All monthly repayments of interest and capital to the bank must be made on a prompt and timely basis.

Who do I need to speak to?

Alliance Healthcare strongly recommend that, prior to committing to any investment, anyone wishing to invest in this sector should;

Make enquiries with local bodies that will affect your business. In particular, you should contact:

  • The local Primary Care Organisation
  • The local GP’s and Health Centre managers
  • The local council / planning authority.

These bodies can assist in collecting information regarding local planning developments, potential movement of doctors, and any applications for new or relocating licences within the area.

Discuss your ideas with:

  • Your immediate family and potential business partners
  • Your accountant and solicitor.

Investing in the independent community pharmacy sector can be both professionally and financially rewarding. However, it requires commitment and hard work and your decision should not be undertaken lightly.

What do I do next?

If you would like to proceed with an application under the Alliance Healthcare Pharmacy Finance Scheme, please request an application form from the Customer Finance Team. Please complete and return the applicable form with:

  • 3 years historical accounts for the pharmacy you are buying or financing (available from vendor)
  • 12 months FP34s for all outlets for the last accounting period. (available from vendor)
  • Certificate of incorporation (limited companies only)

If available, please also supply:

  • A business plan (including cash flow forecast and 12 months projected profit and loss account)
  • Survey / valuation report (for both leasehold and freehold purchases)

If you do not have any of this information or wish to discuss any queries you may have please do not hesitate to contact our Customer Finance Team.

Contact the Customer Finance Team

Contact: Paul Williams
Telephone: 020 3044 8108
Fax: 020 8391 9662
Email: paul.williams@alliance-healthcare.co.uk