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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 332 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.
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Nicola Draper founder Draper HinksDo you know
Nicola was approached by the ICAEW to speak
At one of their Small Practitioner’s Workshops on the 20th May 2021. The topic was “Selling through a pandemic how a broker can help”. She looked at what things a seller needs to take into consideration and also what things a buyer expects when buying a practice. Nicola has an excellent reputation and is seen to be the “go to” person for selling accountancy fees.
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This is a case study from a practice we sold in 2020:- |
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No. 1 |
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Fees sold |
£225,000 |
Where |
Essex |
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Qualified |
CIMA |
Age |
62 |
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Time scale |
8 months |
Type of Practice |
Sole Practitioner |
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Payment |
4 tranches |
How paid |
50%, 16.6%, 16.6%, 16.6% |
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Multiple |
1.2 x fees |
When paid |
Comp, 12mths, 24mths 36mths |
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Offers |
2 offers |
Office & staff |
Office and staff retained |
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Results |
Vendor stayed on post sale for 2 years to work with buyer. |
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Here are two testimonials from previous vendors:- |
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Testimonial 1 Throughout the process I was impressed by the good advice and professionalism shown by Draper Hinks. They certainly know their subject and they gave me a clear view of all the options available to me. I always felt well informed and was completely confident in their ability to find a suitable buyer. I would happily recommend them to other people. Vendor – Chris Brown FCA Somerset |
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Testimonial 2 I could not be more impressed by the quality of service provided by Draper Hinks. I had great support throughout the process with clear administration. They were friendly, professional and definitely client focussed. Draper Hinks is the model client service provider. I would recommend them without hesitation. Vendor – Richard Brewin FCA Lancashire |
Income Multiples Paid in the last 12 months
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2020 |
Quarter |
Average income multiple paid |
Lowest income multiple paid |
Highest income multiple paid |
Lowest income multiple offered |
Highest income multiple offered |
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Quarter 2 |
Apr – Jun |
1.13 |
1.0 |
1.2 |
1.0 |
1.2 |
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Quarter 3 |
Jul – Sep |
0.9766 |
0.65 |
1.28 |
0.65 |
1.28 |
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Quarter 4 |
Oct – Dec |
1.01 |
0.8 |
1.25 |
0.8 |
1.25 |
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2021 |
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Quarter 1 |
Jan – Mar |
0.7983 |
0.4 (*) |
1.1 |
0.15 (*) |
1.25 |
(*) Vendor died, fees transferred on an earn out. Work done, client paid, % of fee given to the widow.
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.