A round up of the year – 2021

2021 has been an unusual year for Draper Hinks.  We had a number of practices that we were looking to sell in 2020 but were put on hold until the Covid situation calmed down.  This meant that at the beginning of 2021 we were dealing with a wave of practices coming on to the market.  February is always a busy …

November Newsletter 2021

Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.  We sell only accountancy fees and have completed over 345 deals. We are very proud of our track record and our reputation.  Please feel free to contact me anytime at n.draper@draperhinks.co.uk with any questions.       Things a vendor does …

Potential Seller Newsletter #6 2021

Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper.  I run Draper Hinks, a business brokerage facilitating the buying and selling of accountancy fees.  Since inception, we have completed over 345 deal and so can be considered experts in our field. We are very proud of our track record and our reputation.  Please feel free to contact me anytime at …

Do Your Clients Pay Monthly?

I can understand why having your clients pay on a monthly basis would be attractive when running an accountancy practice.  It helps with cash flow and, in theory, there are no bad debts.  That all makes good sense.   But you have to understand that when it comes to selling an accountancy practice, this can cause a problem to the buyer.  …

A difficult case that has recently completed

We have recently completed a case that we started marketing in November 2018.  Yes, it has taken this long for it to go through.  The fees for sale were just below the half a million mark.  The vendor started the process of selling at the end of 2018.  We sent out a mailer to potential buyers and some registered their …

September Newsletter

Nicola Draper founder Draper Hinks   Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.   We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 338 deals. We are very proud of our track record and our reputation.  Please feel free to contact me anytime at n.draper@draperhinks.co.uk …

Potential Seller Newsletter #5 2021

Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.   We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 338 deals. Draper Hinks is very proud of its track record and reputation.  Please feel free to contact me anytime at n.draper@draperhinks.co.uk with …

Downsizing to reduce the pressure

We have all had a difficult time in the last 18 months due to Covid 19. From the Draper Hinks view point in March of 2020, we had to shut our doors for months on end.  No sellers were selling and no buyers were buying.  Our business just dropped off a cliff.  It was a very difficult time for us. …

An interesting offer recently received

At the beginning of this year we were asked to market a practice with GRF of £250,000.  We went to market in the normal way and the vendor had three firm offers, chose one and the deal has since completed. Most offers on a practice of this size would involve three payments. One on completion, one at the end of …

July Newsletter 2021

Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.   We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 337 deals. We are very proud of our track record and our reputation.  Please feel free to contact me anytime at n.draper@draperhinks.co.uk with …