July Newsletter 2024

Nicola Draper founder Draper Hinks  Looking to grow your accountancy practice?  You have two options, either grow organically or buy some fees.  Buying accountancy fees can entail buying a whole practice or buying a tranche of fees.   We understand that buying fees can be the quickest way to build your practice but there are stages involved.  If you have significant …

Potential Seller Newsletter May 2024

Nicola Draper founder Draper Hinks We facilitate the buying and selling of accountancy practices.  We love what we do and we are good at it.  Our vendors tell us they would be more than happy to recommend us to anyone thinking of selling.   We have brokered many hundreds of deals and would welcome the opportunity to work with you …

Vendor Story £50,000 Birmingham

Details of a deal done in 2023  First tranche of fees  Fees sold £50,000 Where Birmingham Qualified FCCA Age 39 Time scale 2 months Type of Practice 3 Partner firm Payment 3 tranches How paid 30%  30%  30% Multiple 0.9 x fees When paid Completion, 12 months and 24 months Offers 2 offers Office & staff Fees unencumbered by staff …

Vendor Story Q2

This is a case study from a practice we sold recently   Fees sold £ 76,000 Where Hampshire Qualified MAAT Age 72 Time scale 4 months Type of Practice Sole Practitioner Payment Three tranches How paid 50%, 25% & 25% Multiple 1.1 x fees When paid Comp, 12 mths and 24 mths Offers 3 offers Office & staff No office, …

Questions clients will ask post sale

If you are thinking of selling your accountancy practice or are thinking of buying an accountancy practice, here are some of the most asked questions by clients post sale.  You will need to know the answers to ALL of them:- These are actual questions that clients have asked post completion. You will need the answers.  Remember when an accountancy practice …

Potential Seller Newsletter May 2024

Nicola Draper founder Draper Hinks Draper Hinks prides itself for being one of the top brokers in the country for facilitating the buying and selling of accountancy practices.    Last month Nicola celebrated her 20th Anniversary of running Draper Hinks on her own.  In that time, she has built up a fabulous reputation in the industry for giving good sound …

May Newsletter 2024

Nicola Draper founder Draper Hinks  Draper Hinks prides itself for being one of the top brokers in the country for facilitating the buying and selling of accountancy practices. Last month Nicola celebrated her 20th Anniversary of running Draper Hinks on her own.  In that time, she has built up a fabulous reputation in the industry for giving good sound advice …

Vendor Story £250,000 London

Details of a deal done in 2023    Fees sold £250,000 Where London Qualified ACA, CTA Age 55 Time scale 4 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1.25 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff No office, subcontractor not needed Results Vendor …

April Newsletter 2024

Invitation to everyone! This month Nicola is celebrating her 20th Anniversary of running Draper Hinks on her own.  Chris Hinks, her business partner, retired 20 years ago. You are invited to join us for a cup of coffee and a slice of cake to celebrate with us on Monday, 15th April between 10.30 am and 12.30 pm.  RSVP by 12th …