Hammond & Brown Ltd sold to AAH Subsidiaries Ltd

AAH Subsidiaries Ltd, part of the Lloyds Pharmacy group of companies and the operator of retail pharmacies across the country, has acquired the entire issued share capital of Hammond & Brown Ltd.

Hammond & Brown Ltd operated three retail pharmacies in Boston, Lincolnshire.

Forrester Boyd Chartered Accountants acted as lead corporate finance advisers to the vendor of Hammond & Brown Ltd throughout the sale process. The firm advised the vendor on all financial aspects of the deal, including negotiations with the buyer, the structure of the consideration, pension considerations, and on the taxation aspects of the deal. Forrester Boyd’s team was led by Corporate Finance Manager Mike Beckett.

Paul Brown of Hammond & Brown Ltd said:

On behalf of the directors of Hammond & Brown Ltd., I would like to express our sincere thanks for the way in which you handled the sale of our pharmacies. Your diligence and attention to detail ensured that the business was effectively marketed, resulting in significant interest. Enquiries from potential purchasers dealt with quickly and efficiently, taking much of the hassle away from us, so that we could concentrate on running the pharmacies. The net result was a smooth sale, according to timetable, and a price in excess of our initial expectations. Thank you for a job well done.