Offers received come in all sorts of shapes and sizes

At Draper Hinks we facilitate the buying and selling of accountancy practices.  We deal with accountants all over the country that want to sell accountancy fees and those that want to buy accountancy fees.  We work on deals of £1m and below.  We have been doing this since November 2004 and have a lot of experience in this field. Over …

How things have changed during lock down

We did expect there to be a slowing down of the buying and selling of accountancy practices during lock down and that was exactly what we found.  However, some things have changed:- Sellers meeting potential buyers Some vendors have insisted on meeting potential buyers face to face.  This can only be done where social distancing is able to take place.  …

Offers come in many shapes and sizes

Draper Hinks is a business brokerage, we facilitate the buying and selling of accountancy practices.  Sometimes we will sell the whole accountancy practice and other times we will sell a tranche of accountancy fees.  Whatever we are selling, we follow the same process.  We collate information about the fees for sale, we contact potential purchasers, we arrange for the buyer …

We are back in business

Draper Hinks has been closed for the best part of three months.  On the 15th June it opened its doors again to new business. Unlike all accountants, our business fell off a cliff.  99% of our deals were postponed indefinitely.  We had one completion at the end of March and one completion at the beginning of May.  Other than that, …

Vendors Beware – An initial offer may not be the final offer

In Spring of last year we started marketing a practice in the North West of England.  It was a general practice with turnover of £225,000.  The fees were primarily compliance so it was deemed to be all Gross Recurring Fees (GRF).  We sent out a mailer to buyers in the area, posted it on our website and dropped it into …

A round up of the year – 2019

As most of our readers know, we only deal with accountants in practice.  I am often asked why only accountants and I reply because there are enough accountants in practice looking to sell fees to keep us busy.  Admittedly, we do have a quiet time in January each year, but that gives us the time to review our marketing strategy …

If selling your fees, why you should use Draper Hinks

It is the first of November and so far we have had our best year ever, both from the point of view of the number of deals and the increase in turnover. Did you know that some brokers charge their brokerage fee to both the buyer and the seller?  At Draper Hinks we charge our brokerage fee to the buyer.  …

We have finally moved into our new office

We moved into the office on Wednesday 4th September which was three weeks ago.  We have had the whole of the building decorated, new carpets, new lighting, new blinds, new loos, new computer “stuff” and pre-loved furniture. We suffered from no phones, phones that didn’t work, phones that sort of worked and now phones that work fine.  We had no …