Healthcare — Primary Care

Ashgrove Medical Practice

A complete, CQC and NHS application-ready GP medical practice. Registered company, 313-document operations library, six financial models, professional digital infrastructure. Take it as a partnership and run it.

Year 2 Revenue
£804,924
NHS contracted
Monthly Service Agreement
£199/mo
Heavy-regulatory tier
Retained Partnership Stake
15%
Non-PSC minority. You hold 85%.
Apply for Partnership Read the Partnership Terms

NHS primary care — structurally undersupplied, contract-backed revenue.

Ashgrove is a general practice modelled on a registered patient list growing from 2,000 to 5,400 over three years. It delivers NHS primary care services: consultations, chronic disease management, immunisations, minor procedures, QOF clinical work, and Enhanced Services.

Revenue comes from NHS England: Global Sum (~£123 per weighted patient), Quality and Outcomes Framework (QOF), Enhanced Services, premises cost reimbursement, and private services. Multiple revenue streams provide resilience; Global Sum scales directly with list size.

The UK has a structural shortage of GP practices. NHS England actively encourages new providers and supports list growth. The infrastructure, documentation, and financial modelling needed to apply for a GMS or APMS contract and register with CQC is prepared and included.

The full operating chassis — included in the service agreement.

The company is given to you free. Your 12-month infrastructure service agreement at £199/month (by direct debit) covers everything below, unlimited and unrestricted, for as long as you run the venture. No add-ons, no upgrade paths, no support tiers.

Three-year ramp from 2,000 to 5,400 patients.

Year 1 Revenue
£567,845
Initial list ramp
Year 2 Revenue
£804,924
Net profit £165,650 (20.6% margin)
Year 3 Revenue
£846,646
5,400 patient list
Operating Margin
~20.6%
Year 2 baseline
Patient Capacity (Y3)
5,400
Weighted list
Startup Capital
£150,000
Pre-trading + Y1 working capital

Projections are illustrative. Actuals vary by area, ICB allocations, list growth pace, and operating model. All inputs are adjustable in the Excel models.

Who Ashgrove is for.

Primary care is doctor-led by NHS contract design. The clinical leadership has to be GMC-registered. The business leadership doesn't — many of the most successful primary care groups separate clinical and business roles cleanly.

Strongest fit

Workable with the right structure

If you are a GP, the partnership conversation includes how to structure the GMS/APMS application. If you are not, we discuss the clinical-lead route.

How operators typically capitalise Ashgrove.

The venture itself has no purchase price. Capital is needed for premises fit-out (or premises lease deposit), pre-trading clinical and admin staffing, IT systems (EMIS or SystmOne), and working capital through the patient list ramp. Modelled requirement: £150,000.

Read the full funding guide →

The salaried GP ready to partner.

Illustrative scenario
Dr Adekunle — salaried GP (10 years), MRCGP

Adekunle has been salaried at a 12,000-patient practice for ten years. He runs the diabetes clinic, does QOF lead, and has more than enough clinical and operational chops. The traditional partnership route in his area is closed — existing partners don't want to dilute, premises rights are expensive, and contract transfer is messy.

He applies to Zundara, takes Ashgrove as his partnership venture, signs the 12-month service agreement at £199/month by direct debit, and is appointed director. He brings a practice-manager co-founder; together they hold 85%, Zundara holds 15%. They secure a £150K commercial loan against the NHS contract, lease premises in an under-served area, and submit GMS and CQC applications in parallel.

By month 9 they are on the contract and accepting list registrations. By month 18 the list is at 2,200 patients. Year 2 revenue lands at £804,924 with £165,650 net profit (20.6% margin). Adekunle takes the GP-partner profit share; the practice manager takes a director salary plus dividend.

Numbers reflect the financial model baseline. Actual outcomes depend on ICB contract terms, list growth, QOF achievement, and management decisions.

Heavy-regulatory partnership terms.

Ashgrove service agreement

Purchase price£0
Monthly service agreement£199 / month
Annual prepay (optional)£1,999 / year (saves £389)
Retained Zundara stake15% (non-PSC minority)
Operator + co-founders hold85%
Minimum partnership term12 months
Royalties / revenue shareNone
Territory restrictionsNone

Heavy-regulatory tier reflects the higher complexity of CQC and NHS contract build and ongoing governance support. After the first 12 months the service agreement continues monthly until cancelled. Voluntary buyout option from either side at fair market value — operator never forced to sell.

Common questions.

Do I need to be a GP myself?
Not necessarily. The NHS contract requires a GMC-registered clinical lead, but the contract holder can be a corporate entity. Investor-owner models work where you hire salaried GPs and own the company. The model is built to accommodate both routes.
GMS, PMS, or APMS — which contract route?
Depends on local ICB and your specific situation. The application pack is suitable for all three routes with adaptation. Most new entrants pursue APMS (Alternative Provider Medical Services) because GMS list-takeover opportunities are limited. The partnership conversation covers route selection.
How long until first revenue?
Longer than other ventures. Contract negotiation with the ICB takes 3–9 months. CQC registration takes 12–16 weeks (run in parallel). Plan for 9–12 months from partnership signing to first NHS payment. The 5–6 month patient list ramp follows.
What about premises?
Two routes. Lease purpose-fit clinical premises and recover rent and rates through the NHS contract premises cost reimbursement. Or take over an existing practice premises with the contract. The financial model assumes leased premises with NHS reimbursement.
Can an IMG (International Medical Graduate) take this?
Yes — once you have GMC registration via PLAB or equivalent and satisfy CCT requirements for primary care. The company ownership has no immigration restriction; the clinical lead role does. This is a common pathway for IMGs who want to combine clinical practice with business ownership.
Can I run this remotely from outside the UK?
Yes for ownership; the clinical lead must be UK-based and GMC-registered. You provide governance and capital remotely; salaried GPs deliver clinical services. Read the foreign-owner guide →
What does Zundara's 15% stake actually mean?
Information rights, board observer status (no vote), pro-rata rights on future rounds, anti-dilution floor at 5%, tag-along rights, no drag-along (we cannot force you to sell), no day-to-day vote, no royalties. Voluntary buyout option from either side at fair value. Full terms →
Can I scale to multi-site primary care?
Yes. Once you have one practice running, additional sites reuse the documentation framework, contract templates, and operational systems. Multi-site primary care groups (Federations, super-practices) are an explicit growth path. Year 4+ planning typically focuses on this.

Ready to take Ashgrove?

The application is the qualifying conversation — mutual fit, not a sales call. We come back within 5 working days with a yes, a no, or a route in.

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