Potential Seller Newsletter #1 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 318 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 any questions.

WANTED!

Sellers – Anywhere, any size – get in touch

Now is the time to sell.  The market was static for most of 2020.  We have many buyers that were unable to buy fees last year.  They have the funding, they have the desire and they want to talk to you.   Please contact us on 01788 816440 so we can put you in touch with them.

This is a case study from a practice we sold in 2020:-
No. 1  
Fees sold £270,000 Where Cumbria
Qualified FCA Age 73
Time scale 9 months Type of Practice Sole Practitioner
Payment 3 tranches How paid 1/3rd 1/3rd & 1/3rd
Multiple 1 x fees When paid Comp, 12 & 24 months
Offers 3 offers Office & staff Office and staff retained
Results Vendor worked handover then retired to do other things not accountancy related.

 

 

Are you a seller in one of these areas? 

This is only small sample of some of the buyers registered with us, we have many more that are keen to buy.  These buyers have specifically asked us to find a seller for them in your area and are keen to proceed.  If you are interested in finding out more, then please contact me, Nicola Draper, at n.draper@draperhinks.co.uk quoting the reference.

Ref Where Amount
P1/W1/DHB/1 Buckinghamshire up to 650k
P1/W1/DHB/2 Leicestershire up to 300k
P1/W1/DHB/3 Warwickshire up to 100k

 

 

Here are two testimonials from previous vendors:-
Testimonial 1

Draper Hinks is a company built on a solid foundation of openness, integrity, and accountability.  The team at DH provide a hassle free, comprehensive and professional service.  We cannot recommend Draper Hinks highly enough.

Vendor – Ian Hillyard  QBE            Warwickshire

Testimonial 2

Working with Draper Hinks has been a pleasure from start to finish.  They have always been on hand to offer support through what has been a stressful experience and their advice on how best to approach the process of change has been invaluable. Best of all has been their proactive approach in searching out suitable buyers and it has been that attention to detail which has seen me successfully sell my practice.  Thank you.

Vendor – Phillip Caine ACCA                     Hampshire

 

 

Income Multiples Paid in the last 12 months

2020 Quarter Average income multiple paid Lowest income multiple paid Highest income multiple paid Lowest income multiple offered Highest income multiple offered
Quarter 1 Jan – Mar 1.075 0.9 1.25 0.9 1.25
Quarter 2 Apr – Jun 1.13 1.0 1.2 1.0 1.2
Quarter 3 Jul – Sep 0.9766 0.65 1.28 0.65 1.28
Quarter 4 Oct – Dec 1.01 0.8 1.25 0.8 1.25

Please check out our website www.draperhinks.com where you can:-

  • Download our Guide to Selling and Buying Fees by registering for our eBook.
  • View lots of video testimonials.
  • Read our monthly Blogs that give regular market commentary.

Next step

If you are thinking about selling, then contact Nicola Draper at n.draper@draperhinks.co.uk or call her on 01788 816440.  Everything discussed will be totally confidential.