Nottingham-based Pharmacy group, Pharmplex Limited, has secured the future of its Worsley Pharmacy branch in Chilwell, following a refinancing deal with Santander Corporate Banking.

Worsley Pharmacy is the only one in the village and as such is part of the Government's Essential Small Pharmacy Scheme. The finance deal has enabled Pharmplex, which owns three pharmacies, to purchase the freehold for the site, as well as enabling the company to free-up additional working capital. The company has also moved its full banking services to Santander.

Makinder Suri, Pharmplex Director, said:  "It was a fantastic opportunity to be offered the freehold for our Chilwell pharmacy. This will secure our long term future in the village and ensure that we will be able to continue to provide this vital service in the area. Santander really took the time to get to know my business and showed a real understanding of the sector and local area. Switching my banking to Santander was easy and efficient."

Mark Lawson, Relationship Director at Santander Corporate Banking's East Midland's centre, said: "I am delighted we have been able to support Pharmplex. Mrs Suri's strong management and passion for her business makes a good match for Santander Corporate Banking, where we pride ourselves on really getting to know individual businesses and their sectors so we are able to provide the right solutions for their needs. I look forward to working with Pharmplex in the future."

Mrs Suri bought her first pharmacy, Grewal Pharmacy in Beeston, in 1987 and rapidly invested in and grew the businesses. She bought Worlsey Pharmacy in 1994 and also owns a further site at the Medical Centre in West Point, Toton.