Nicola Draper Founder of Draper Hinks We are getting to that time of year when vendors, looking to sell now, are having to consider a completion date in March or even April next year. If you are looking to buy a practice and complete before then you may find that sellers are not ready to complete that quickly. If …
Potential Seller Newsletter October 2025
Nicola Draper Founder of Draper HInks We are getting to that time of year when vendors, looking to sell now, are having to consider a completion date in March or even April next year. If you want to complete before then you may find you have to accept a reduced multiple. If you are concerned about how that could affect …
Vendor’s Story October
Details of the deal for this vendor’s story Fees sold £107,000 Where Suffolk Qualified ACA Age 68 Time scale 2 months Type of Practice Sole Practitioner Payment Lump sum, earn out How paid Lump sum on comp then 33% paid quarterly from fees received for 3 years Multiple 1 x fees When paid £20k at comp, then per quarter in …
What is the Draper Hinks process when selling a practice?
Anyone thinking of selling their practice would be best advised to get in touch with Draper Hinks as soon as they have decided to take this step. It is important to understand the process that we follow when selling an accountancy practice. The first thing we offer is a free, confidential discussion about your own situation. Everyone’s circumstances are very …
Newsletter September 2025
Nicola Draper Founder of Draper Hinks We have been contacted by a number of sellers that do not want to have to deal with MTD next year. I believe that some will leave it to the last minute and I am expecting there to be a rush of vendors wanting to sell with little time to spare. Have a regular …
Potential Seller Newsletter September 2025
Nicola Draper Founder of Draper HInks We are getting a number of vendors approaching us because they do not want to have to deal with MTD next year. If this is you, then you need to get in touch with us asap, don’t leave it too late when there will be a glut of practices for sale and it will …
Vendor Story £290,000 Oxfordshire
Details of the deal for this vendor’s story Fees sold £290,000 Where Oxfordshire Qualified FCCA Age 61 Time scale 20 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 40% & 10% Multiple 1.2 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff Office and staff retained by buyer Results …
Vendor’s Story September
Details of a deal done in 2024 Fees sold £79,000 Where London Qualified FCA Age 77 Time scale 5 months Type of Practice Sole Practitioner Payment 2 payments How paid 50% and 50% Multiple 1.2 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and no staff Results Vendor was looking forward to …
Vendor’s Story August
Details of a deal done in 2024 Fees sold £80,047 Where West Midlands Qualified QBE Age 73 Time scale 6 months Type of Practice Husband and wife partnership Payment 2 payments How paid 50% & 50% Multiple 1 x fees When paid Completion and 12 months Offers 3 offers Office & staff Office closed no staff to move to buyer …
What is a coaching call, and why is it important?
At Draper Hinks we like to set up a Meeting Day where the vendor can meet a number of potential purchasers on a one on one basis throughout the day. The rationale behind this is that a vendor is more likely to sell their practice if they meet with more than one buyer. We vet each buyer to make sure …