Process

Introduction

Statim derives directly from Latin and means 'now, immediate or with haste'. This is a reflection of the service which you can expect from the team at Statim Finance. Our service standard is to be in a position to discuss your proposal in detail within 5 working days of receipt.

In practice it is frequently much quicker than this and indeed we can often issue an offer letter within this time-scale. It will depend upon the complexity of the proposition and whether all the required information is readily available.

Where does Statim add value?

The Statim team adds value in three important ways: The members of the team have over 35 years experience in the healthcare sector - far more than our competitors. As a consequence we are able to give guidance based on experience, on most aspects of buying a pharmacy and arranging finance.

Through our financial model we analyse the monthly NHS returns and provide a cash flow forecast and Profit & Loss projection looking forward 5 years. This establishes the viability of the proposition and because the model analyses the profitability of the business, it is possible to confirm that the goodwill value is realistic.

Finally, all the Statim managers have a background in retail banking. So not only do we understand the banking system, we also have a great deal of experience dealing with businesses in the small/medium enterprise (SME) market.

How the scheme works

AAH underwrites the required bank loan, following a detailed assessment of viability by Statim Finance Ltd. In return, the customer agrees to appoint AAH as their main pharmaceutical supplier to the business and to purchase a minimum of 70% of future products from the AAH group. This is set out in a formal agreement. The bank charges a preferential interest rate on the loan in recognition of the fact that they are secured by the AAH guarantee in addition to the business itself.

In summary

All parties gain from the partnership.