Turnover nears £150m at group behind Peak Pharmacy as profits also rise

Turnover increased to almost £150m at the company behind the likes of Peak Pharmacy while profits also rose during its latest financial year.

PCT Healthcare (Holdings), which also includes Tims & Parker, Manor Pharmacy, Cox & Robinson, and Brennan’s, has posted a turnover of £148.5m for the 12 months to November 30, 2020, up from £142.3m.

Newly-filed documents with Companies House have also revealed its pre-tax profits increased from £3.7m to £6.7m over the same period.

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The group was founded nearly 40 years ago and its branch network covers South Yorkshire, Milton Keynes, Lancashire, Merseyside, Greater Manchester and the Midlands.

A statement signed off by the board said: “The second half of the year was dominated by the impact of the Covid-19 pandemic which impacted every aspect of the business.

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“Whilst services to patients were maintained there was a significant extra cost to doing so.

“The company will continue to adopt measures to ensure that the group remains profitable and financially stable despite the pharmacy market being a difficult sector to operate in”.

Business Live – West Midlands