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Pharmacy Accounting

At Saymur, we specialise in working with pharmacy owners and operators across the UK...

Testimonial

“Murtaza and the team are genuinely focused on their clients, deeply understand the nuances of community pharmacy, and make running a business feel simpler and more controlled.”

Hyderali, multi pharmacy owner

Accountants and Tax Specialists for Pharmacy Owners

Running a pharmacy is not like running a normal retail business. You are delivering frontline healthcare while operating under tight NHS funding, complex reimbursement rules, rising staffing costs, and thin margins. Every decision affects profit and cash.

You need an accountant who understands pharmacy inside out, not a generalist who treats your business like any other.

At Saymur, we specialise in working with pharmacy owners and operators across the UK. We help you protect margin, control cash flow, plan for growth, and build long-term wealth with advice that reflects how pharmacies actually work.

If you are ready to take control of your pharmacy finances and build a clearer plan for the future, book a discovery call with us here.

Ready to Take Control of Your Pharmacy’s Finances?

If you want a specialist who understands the pharmacy sector inside out — someone who will help you run a stronger business, protect your wealth and plan confidently for the future — let’s talk.

Book a discovery call with Abbas Gulamhusein

Chartered Accountant & Chartered Tax Adviser at Saymur.

We Understand Your World

Most accountants do not understand pharmacy economics. We do.

We understand the pressures that matter most:

  • NHS income is retrospective and payment schedules are complex. That creates predictable cash flow gaps unless you actively forecast around them.
  • Your FP34 Schedule of Payments is the backbone of your NHS income. Regular reconciliation is essential to confirm you are being paid correctly.
  • Buying margin, Category M movements, and Average Item Value drive profitability. You need these tracked properly if you want to keep margins strong.
  • Mixed VAT treatment of purchases and sales require accurate reporting to ensure you dont lose out on cash flow.
  • Income is split across NHS dispensing, service income, and OTC retail. Each stream needs to be measured properly or you grow the wrong part of the business.
  • Staffing, locums, rota cover, pensions, and multi-site management need active cost control, not year-end hindsight.
  • Pharmacies are margin-sensitive, stock-heavy, and funding-complex. We build your financial strength around that reality.

Our Specialist Support for Pharmacies

We provide full-service accounting and strategic advice designed specifically for pharmacy owners. Not generic compliance. Proper pharmacy specialist support that protects and grows value.

Comprehensive Accountancy Services

Bookkeeping & Financial Reporting

Accurate, up-to-date financial records with clear reporting, so you always know where your pharmacy stands and can act early.

Monthly VAT Reconciliations and Returns

We handle monthly VAT reconciliations and submissions. Pharmacy VAT involves exempt, zero-rated and standard-rated supplies, so accuracy matters. Getting it wrong quietly costs margin and cash. We make sure it is right and on time every month.

Tax Planning and Compliance

Specialist pharmacy tax advice to minimise liabilities, maximise reliefs and ensure your structure supports growth and exit.

Payroll Management

End-to-end payroll support built for pharmacy teams, including locums, pensions, rota-based pay variability, and multi-branch staffing.

Strategic Financial Advice

Financial Health Check

Regular reviews of margin, cash flow, staffing ratios, and profitability. We tell you what matters, what is slipping, and what to fix.

Budgeting and Forecasting

Forecasting built around NHS payment timings, buying margin trends, service income, and retail performance. This gives you clarity before problems hit.

Investment and Funding Advice

Clear guidance on when to reinvest cash, borrow, refurbish, acquire another pharmacy, or restructure. Always driven by margin and long-term value.

Sector-Specific Support

NHS Statement Reconciliation

Monthly or quarterly FP34 and NHS payment reconciliation so you can verify income, resolve discrepancies quickly, and stay confident in your figures.

Buying Margin and Profit Benchmarking

We review your buying trends, Average Item Value, dispensing profitability, and service income. We benchmark performance and show you exactly where profit is leaking and how to tighten it.

Retail and Private Services Performance

We help you measure profitability across OTC retail and private services, so growth is deliberate and commercially smart.

Acquisitions, Growth & Exit

Buying, expanding, or selling a pharmacy is one of the biggest financial moves you will ever make. In pharmacy, small errors in due diligence or deal structure cost serious money.

We support owners through every stage.

Acquisition & Due-Diligence Support

  • Full financial due diligence reviewing margin quality, NHS trends, and staffing models
  • Assessment of FP34 history, buying margin volatility, and performance risk
  • Identifying hidden liabilities or commercial weaknesses
  • Structuring deals tax-efficiently, including SPVs and funding options
  • Post-acquisition forecasts and integration planning

Growth, Sale & Succession

  • Preparing for sale to maximise value in a specialist buyer market
  • Capital gains and inheritance tax planning
  • Succession planning for family-run pharmacies
  • Group structure optimisation for multi-site operators

Why Pharmacy Owners Choose Saymur

  • Sector-specific expertise — We specialise in pharmacy businesses. We understand your numbers, your funding, and your margin drivers.
  • Big-4 trained tax insight — Private-client and owner-managed business tax expertise that connects your pharmacy, property, and personal wealth into one joined-up plan.
  • Strategic, proactive approach — We do not wait for year-end. We measure performance throughout the year, so you can make decisions with confidence.
  • Clear, no-surprises engagement — Transparent scope, predictable fees, consistent communication. You know exactly what you are getting from us.
  • Built for scale — Whether you run one pharmacy or a growing group, we support your expansion with structure and control.

Ready to Take Control of Your Pharmacy’s Finances?

If you want a specialist who understands the pharmacy sector inside out, someone who will protect your margin, strengthen your cash flow, and help you plan confidently for growth or exit, let’s talk.

Book a discovery call with Abbas Gulamhusein

Chartered Accountant & Chartered Tax Adviser at Saymur.