Pharmaceutical wholesaler of the United Kingdom
AAH Pharmaceuticals |
| Company type | Subsidiary |
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| Industry | Pharmaceuticals and healthcare |
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| Predecessor | Amalgamated Anthracite Holdings Limited |
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| Founded | 29 June 1923; 100 years ago (1923-06-29) |
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| Headquarters | Coventry, England, United Kingdom |
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Number of locations | 13 depots |
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Area served | United Kingdom |
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Key people | David Bound (CEO)
Brian Chambers (CCO)
John Clark (COO)
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| Revenue |  US$103.712 million (2019)[1] |
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| US$86.242 million (2019)[1] |
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| Total assets |  US$1,151.230 million (2019)[1] |
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| Total equity | US$865.729 million (2019)[1] |
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| Owner | Hallo Healthcare Group[2] |
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Number of employees | 3,032 (2019)[1] |
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| Website | AAH |
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AAH is a pharmaceutical wholesaler in the United Kingdom. Originally formed in 1892 as a company selling solid fuels in South Wales, it was floated on the stock exchange in 1923. It diversified into pharmaceuticals in the 1970s.
History
AAH originated in 1892, when Cleeves Company was formed in Wales, owning about 7,000 acres of land. It merged with two local companies, Gurnos and Gellveeidrim, to form Amalgamated Anthracite Collieries Limited.
The Chairman of the company was Alfred Mond, 1st Baron Melchett,[3] and it was floated on the Stock Exchange on 29 June 1923, having been registered as a public company on 16 June 1923.[4] The registered office was 29/30 King Street, Cheapside, London. Amalgamated Anthracite Collieries Limited held its first company meeting on 5 September 1923 at the Cannon Street Hotel.
From mid-1925 to at least the end of 1926, all coal mining activities in England had ceased, resulting in major financial problems for the industry.[5] This was a driving force behind the eventual merger with United Anthracite Collieries Limited.[5] On 1 July 1927, the company merged with United to become known as A.A.C Anthracite, based at 120 Fenchurch Street.
AAH's original business was producing and distributing anthracite and other solid fuels across South Wales. The company later diversified its interests in different markets including health services, building materials, transport, warehousing and environmental services (landscape conservation and waste disposal). In 1954, it was agreed to change the company name to Amalgamated Anthracite Holdings Limited (AAH). In early 1971 the company abbreviated its name to AAH Limited.
In 1976, AAH sold off its interests in fuel and building materials. Healthcare services became the company's main business activity. AAH expanded its pharmaceutical interest by taking over a large number of businesses including Chemists Holding and Hills Pharmaceuticals.
AAH Limited became a constituent company of AAH Holdings in 1981, based in London. In 1985 the headquarters of AAH Holdings plc moved to the south of Lincoln. By the late 1980s, when based in Lincoln, the holding company was turning over £1 billion, though the turnover for the pharmaceutical section was only in the range of £20 million.[6]
In 1985 AAH acquired pharmaceutical wholesaler Vestric Limited from Glaxo P.L.C., which continued the company's growth and led to the formation of AAH Pharmaceuticals Limited.
In 1991, AAH arranged to distribute drugs marketed by ICI to hospitals in Britain, while ICI retained distribution logistics to pharmacies in the country.[7]
In 1999 the headquarters moved to Coventry, where it remains as of 2023.
In April 2022, McKesson's UK businesses – including LloydsPharmacy, the wholesaler AAH, and a travel health service – were purchased by the Aurelius Group.[8][9]
Branches
The AAH group has several branches. The Enterprise branch sells health and beauty products to over 5,000 independent pharmacies in the UK. The Trident branch is a shortline supplier to independent pharmacies in the UK.
It has 14 depots around the UK including locations in London, Birmingham, Liverpool, Scotland and Northern Ireland.[10]
