Tax-efficient investments distributor Kreis Consulting is rolling out an Enterprise Investment Schem...
Tax-efficient investments distributor Kreis Consulting is rolling out an Enterprise Investment Scheme (EIS) offering investors a stream of income.
The EIS, called Independent Pharmacy Care Centres, aims to raise £15m, and will also look to pay rising dividends as well as providing capital growth. The EIS is targeting dividends of around 2.2% by the end of its second year, rising to 5% or higher by the fifth year. The initial charge on the EIS is 5.5% and IFA commission is 2.5% initial. There is a minimum investment of £25,000 and there is no maximum investment. The closing date for investments is 19 November.
Independent Pharmacy Care Centres is looking to invest in around 30 to 40 pharmacy businesses in the North and North East of England. It is to concentrate on independent locally-based pharmacies which have most of their business coming from prescriptions rather than high-street pharmacy claims.
Prescription business is seen as non-cyclical as opposed to the more cyclical over-the-counter retailing business that accounts for much of the sales of high-street pharmacies.
The EIS is also looking to benefit from Government policy on the NHS which is looking to shift the provision of some healthcare services such as diabetes clinics to the pharmacy sector and away from GPs.
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