**Document:** Kingsley Muti Business Plan **Application:** 23/01468/C — Additional use of the premises for pharmaceutical retail (Class 1.1) and associated health services (Class 4.1) **Decision:** Refused **Decision Date:** 2024-02-20 **Parish:** Malew **Document Type:** report / planning_statement **Source:** https://planningportal.im/a/56837-malew-bms-house-port/documents/1365122 --- # Kingsley Muti Business Plan ## Kingsley Muti Ltd Business Plan ## Contents - 1. Company Overview - 2. Founders - 3. Company Structure / Ownership - 4. Current Pharmaceutical economic climate on the Island - 5. Financial Plan ## Company Overview Kingsley Muti Ltd (KM) is an Isle of Man based company that has brought together experts in the fields of pharmacy, finance, and property development. KM aims to be the largest dispensing pharmacy on the Island by pioneering on Island robotic medicine dispensing. This investment, which will be financed by the shareholders, on the Island will help grow the pharmaceutical sector and create and stimulate economic activity that will attract others to invest on the Island. KM are in talks to get experts to the Island to help them with local robotic dispensing. This knowledge will stay on the Island and will build up this new sector with home grown talent that will be employed locally. This has been done very effectively in the eGaming sector on the Island which is now one of the biggest employers on the Island as well as one of the largest contributors to the Islands economy. KM has secured a warehouse in an excellent location for the installation of the dispensing robot. KM will be using all endeavours to ensure that we dispense within clear ecological goals. The KM ecological footprint must be future positive and a net contributor to the planet. For too long business’ have taken and not given back to the planet. We intend to change that. As the sector grows KM’s expertise in this market will increase and we will be able to understand and react progressively and responsibly to the ethical challenges related to the industry. Based on our research to date the shareholders of KM believe the industry will be lucrative and we have already invested significant time and money into the company. We already do have dispensing redundancy and with the recent demise of Lloyds we have little pharmaceutical security on the Island. With our approved inclusion into the Pharmaceutical List by ManxCare, our contractual duties will include dispensing of ManxCare prescriptions direct to patient. As well as the ability to offer private prescription services to other patients. Our professional clinicians will always be on site to offer clinical interventions and advice to patients in our Consultation and Treatment Rooms. The long term plan is for Kingsley to be able to dispense pharmaceuticals around the world. ## Wholesale Kingsley Muti has identified the on Island Medicines resilience is currently poor. Kingsley Muti has a vision to add medicines resilience to the Isle on Man to the benefit of the residence of the Island. We have a purpose fitted out warehouse for Pharmaceutical wholesaling. We will buy medicines then supply to the Pharmacies, and hospitals. ## Founders 1. Nick Kaye Professional Career. Nick Kaye is a third-generation community pharmacist; he qualified from Bradford University in 1998 with first class honours. He worked as pre-registration student in a family run community pharmacy and at St James University Hospital Leeds. Nick was the Superintendent Pharmacist of Nick Kaye’s Pharmacy in Newquay in Cornwall a role he took on in 2011.Since taking over that role the pharmacy has won several national awards including, Chemist & Druggist finalist in 2013, Pharmacy Business award winner Entrepreneur of the year 2012 and Alphega pharmacy of the year 2013. Nick is now a shareholder of Hendra’s Pharmacy in Penryn. Nick is a full parity Partner in Veor Group. The Veor Group operates GP surgeries in Camborne, and Camelford in Cornwall. Additional Professional Achievements. Nick was elected to National Pharmacy Association (NPA) Board of directors in 2014 and re-elected in 2018. Nick was elected Chairman of the NPA in May 2023 and chairs the policy and practice subcommittee. Nick is the Vice Chair of the Community Pharmacy Workforce Group. CPWG looks at how the future of Community Pharmacy Practice can develop and how the Pharmacy workforce would need to be upskilled to meet the changing professional landscape. Nick is a past Vice Chair of Cornwall and Isle of Scilly Local Pharmaceutical Committee (LPC) and is now the associate Chief Officer. Nick is the Chair of the Peninsula LPF (local practice forum) the local outreach of the Royal Pharmaceutical Society. Nick was a delegate on European COST group on Medicines shortages between 2017-2019. COST is the European Cooperation in Science and Technology and is running an EU-funded programme which enables researchers and innovators to set-up their own research networks in a wide range of scientific topics, called COST Actions. Nick ex EPF (European Pharmacist Forum) member between 2015-2018, the European Pharmacists Forum is sponsored by Walgreens Boots Alliance, the first global pharmacyled, health and wellbeing enterprise. Nick has worked with various Pharmaceutical companies on focus groups for Pizfer, HFA, Warner-Chillcott, LumriaDx and Novonordisk. Nick has been a speaker at various Pharmacy events including Daylewis Conference, Alphega Conference, the parallel trade conference, for 3 years at Pharmacy Show and round table events in the House of Parliament for the All-Party Pharmacy Group. Nick is media trained and has been a spokesperson for NPA on local and national media including Radio 4 you and yours, local TV and BBC 1. 2. Roger Raatgever Roger graduated from University in 1991, where he majored in Marketing and Economics, and qualified as a Chartered Accountant in 1997. In 2001, after working in various managerial roles across a number of different sectors (Pharmaceuticals, Franchising and Banking), Roger joined Microgaming. He was instrumental in leading the company to its position as one of the world’s most successful eGaming software providers. Roger holds the record as the longest serving CEO in the eGaming industry. Roger is passionate about the Island and has, and continues to, invest a lot of time into local Charities (one of the founders of the Manx Solidarity Fund), Business and Education. Developing and supporting new businesses and good causes that benefit the Island are a real focus. Outside the corporate world Rugby, Cycling, Golf and Wine are close to Roger’s heart. At Club, University and School he played Rugby at a high level, he represented the Isle of Man for Triathlon in the Island games in Bermuda, currently has a single figure handicap at Golf and has done his level one in wine tasting and will be practicing a lot more so one day he can become a master sommelier. 3. Mark Kingsley Simpson Mark graduated from Truro school, Cornwall in 1976. He then worked in the family business constructing houses building 80 houses a year. In 1982 Mark became the Managing Director of Kingsley Developers (Kingsley) and by 1987 Kingsley held a land bank of over 2,500 plots. Kingsley Developments then utilised commercial mixed-use schemes in Cornwall with circa 500,000 square feet of retail space and dealt with Marks & Spencer, Next, Boots, TK Max, Starbucks, McDonalds, Whitbread Travel Inns, Brewers Fayre, Asda and Lidl. With a further 1200 houses. Since the late 90’s to date, Kingsley has acted as a ‘land banker’ to, Persimmon Homes, Taylor Wimpey, Wainhomes and JW Homes and holds a ‘rolling land bank’ of circa 2,500 units. Most recently in 2021, Kingsley is now involved in a major leisure park in Newquay, creating 800 holiday apartments with ancillary leisure usage such as swimming pools, bars and restaurants. ## Company Corporate Information Company Number 018415V Registered Office BMS House 495 Portway Balthane Industrial Estate Ballasalla IM9 2AJ Shareholders - 1. Kingsley Ltd 40% (Simpson) - 2. Kambaku Ltd 40% (Raatgever) - 3. Nick Kaye 20% Directors - 1. Roger Raatgever - 2. Mark Simpson - 3. Nick Kaye - 4. Charles Simpson Lawyers 1. Lawrence Weatherill and Associates Accountants 1. DFK Chancery Trust Bankers - 1.Santander - 2.HSBC --- *Data sourced from the Isle of Man public planning register under the [Isle of Man Open Government Licence](https://www.gov.im/about-this-site/open-government-licence/).* *Canonical page: https://planningportal.im/a/56837-malew-bms-house-port/documents/1365122*