News Column

United Kingdom : Family pharmacy business expands with NatWest support

July 3, 2014

Salrook Healthcare has recently acquired Owens Chemists and Westminster Park Pharmacy after obtaining funding support from NatWest. The business is run by the Persaud family which includes husband and wife team John and Michelle, and their daughter Chloe.

John has been working as a pharmacist in Sunderland for several years while his daughter Chloe recently qualified as a pharmacist. Michelle has worked as dispenser and also has an extensive background in personnel services and management of pharmacies. The family moved to Cheshire to support their new business ventures.

John said: We are committed to providing a high standard of service and care. We will be selling products that we believe can help people. When customers come to us for advice about an ailment, we advise them about products that may help them but if we feel the customer needs further medical care we will tell them that. Our customers health is a priority.

Specialist healthcare relationship The pharmacies employ 14 members of staff and John said they may add to this figure as necessary in future.

He added: We are still learning about the businesses and want to do what is right for them and the communities they are located in.

The Persaud family were supported by NatWest Specialist Healthcare Relationship Manager David Hall on the purchase of the businesses. He secured a loan under the bank s Government backed Funding For Lending scheme.

John said: David provided unbelievable support throughout the process, always providing the information we needed and answering our questions. It was good for us to work with NatWest which has a dedicated healthcare team focussed on supporting businesses like ours.

David added: I was delighted to support John, Michelle and Chloe with the purchase of the pharmacies. I wish them every success for the future.

The purchase was also supported by John Ierston at UHY Hacker Young in Chester, the specialist pharmacy accountants. John said: We were really pleased to help John Persaud and his family with the financial and tax aspects during the acquisition of these two pharmacies and help bring it to a successful conclusion. We will also be supporting John going forwards to maximise the pharmacies performance.

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Source: TendersInfo (India)

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