June Newsletter 2023

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 now completed over 400 deals.

Please contact us if you are thinking of buying and have not already registered with us.

We post all new practices for sale on our website which we update on a weekly basis.


Income multiples have stayed static for many years but in the last six months we have seen a trend for them to increase.  This is only in the southeast where there are many more buyers than sellers.  The competition to buy fees is much greater and this has just percolated down and has started to affect what is being offered.  But please remember although the multiple may be increasing that is not always the highest priority with the vendor.

If you have not registered with us, please email Diane Bester at d.bester@draperhinks.co.uk  or Marie Large at m.large@draperhinks.co.uk.


This is a case study from a practice we sold in 2022:-
Fees sold £410,000 Where Hertfordshire
Qualified CIMA Age 65
Time scale 10 months Type of Practice Sole Practitioner
Payment Single payment How paid One-off discounted payment
Multiple 0.62 x fees When paid Completion
Offers 4 offers Office & staff Buyer kept office and staff
Results Vendor sold home to move near children and grandchildren

Here are two testimonials from previous vendors:-

Testimonial 1

I heard about Draper Hinks from a Mail Shot.  Nicola took time to explain the process and did not pressure me into making up my mind when to sell.  They have a very professional approach rather than the sales and marketing approach you find from other brokers.  They always gave advice tailored to my circumstances rather than generic answers.  Hardest part was to decide to sell then do it.  I can now start the 5 year back-log of DIY jobs to do around the house that I have been putting off.

Vendor –         J C    FCA                       Hertfordshire               

Testimonial 2

I was recommended to use Draper Hinks by another accountant.  I found them to be very professional and was confident they would find a suitable buyer for me, which they did.  Nicola took the time to understand my aims.  Their process is very user friendly.  I am now looking forward to spending more time overseas in the winter.

Vendor –         Frances Kinsella CTA    Buckinghamshire                    



Income Multiples Paid in the last 12 months

2022 Quarter Average income multiple paid Lowest income multiple paid Highest income multiple paid Lowest income multiple offered Highest income multiple offered
Quarter 2 Apr – Jun 1.02 0.73 (1pmt) 1.15 0.6 (1pmt) 1.25
Quarter 3 Jul – Sep 1.05 1.0 1.2 0.8 1.2
Quarter 4 Oct – Dec 0.91 0.5 1.0 0.5 1.0
Quarter 1 Jan – Mar 1.16 0.9 1.48 0.75 1.48

NB None of the above figures are to be reproduced in any way without express permission from Nicola Draper at Draper Hinks Ltd.



Please check out our website www.draperhinks.com

  • You can download our Draper Hinks eBook about buying fees.
  • Check out our monthly Blogs that give regular market commentary.


Next step

If you are thinking about buying, then email Diane Bester at d.bester@draperhinks.co.uk or Marie Large at m.large@draperhinks.co.uk.   Alternatively call us anytime on 01788 816440.