Potential Seller Newsletter February 2024

February 2024

Nicola Draper Founder at Draper Hinks How was your January?  Busy as ever?

Do you want to get out of accountancy and enjoy a life away from deadlines and dealing with HMRC?

We have brokered well over 400 deals where we have helped vendors leave the stress behind them and start new lives enjoying themselves.  We love what we do, we go the extra mile and are recognised by the ICAEW as experts in our field.

We are excited to announce that Nicola’s 20th Anniversary for running Draper Hinks single handedly is on the 15th April 2024.  Her partner, Chris Hinks, retired 20 years ago on that day.

We bought from Nicola. 

Then we sold through Nicola.

“We bought a practice through Draper Hinks.  The sale went through very well.  Years later, we decided to sell and retire.  Due to the initial good experience, we came back to Draper Hinks to find a buyer for our practice”

Why would someone come back to use our services? Because they were happy with how we dealt with them in the first place.  Thinking of selling, then book a time to talk to me, Nicola Draper – call me on 01788 816440, email me at n.draper@draperhinks.co.uk or choose a time for a one on one using this link: https://calendly.com/draper-hinks/q_a

A Vendor’s Story

Click on the link below to read why our vendor was selling and what happened.

Vendor’s story

Income Multiples Paid in the last 12 months

2023 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 1.16 0.90 1.48 0.75 1.48
Quarter 2 Apr – Jun 0.98 0.90 1.05 0.80 1.40
Quarter 3 Jul – Sept 1.107 1.00 1.30 1.00 1.30
Quarter 4 Oct – Dec 0.918 0.35* 1.10 0.35 1.10

* This deal completed in less than two weeks due to the terminal illness of the vendor.


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


Your Guide to Selling
We have been helping accountants sell and buy practices for more than 20 years, and during that time we’ve learnt so much. We have collated all of our knowledge and experience into our new Ebook, which is the ultimate guide to selling accountancy fees. You can download your copy from our website for free.

Register for your FREE eBook


Testimonial from a vendor whose practice we sold in 2023

I needed to sell my practice in order to retire.  I had received a previous mail shot from Draper Hinks so got in touch with them.  Working with Nicola and the team was both straightforward and enjoyable.  My first impression was very positive and everything went smoothly because Nicola obviously knew what she was doing.

It was important to me to find someone who I thought the clients would be happy to stay with.  I chose the buyer I sold to because I thought they would be the best fit with clients.  I think you need to be fully invested in the concept of selling, commit enough time and energy to make it work and believe in your own judgement when called on to make a decision.

I would be happy to recommend Draper Hinks to anyone thinking of selling their practice.

Andrew Baxter  FCA      Sold his practice in 2023    (Permission given to print his name)



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

  • Download our Draper Hinks Selling Fees eBook.
  • Read our monthly Blogs that give regular market commentary.
  • Read the vendor’s stories on the website.



Next Step
If you are thinking about selling, please contact Nicola Draper at n.draper@draperhinks.co.uk or call her on 01788 816440. You can also book a one-to-one appointment with Nicola through Calendly by clicking here https://calendly.com/draper-hinks/q_a.  Everything discussed will be totally confidential.