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 …

Potential Seller Newsletter April 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 …

Vendor Story – £117,900 – Northumberland

Details of a deal done in 2023    Fees sold £117,900 Where Northumberland Qualified FCA Age 68 Time scale 12 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1 x fees When paid Comp, 12 months a& 24 months Offers 3 offers Office & staff Office and staff retained by buyer Results Vendor …

Vendor Story Q1

This is a case study from a practice we sold in 2023 Fees sold £ 328,500 Where Birmingham Qualified FCA Age 67 Time scale 5 months Type of Practice Sole Practitioner  Payment Three tranches How paid 40%  30%  30% Multiple 1 x fees When paid Comp, 12 mths and 24 mths Offers 2 offers Office & staff Office and staff …

Why does it help to use a broker such as Draper Hinks?

The best people to ask are those vendors who have used the services of Draper Hinks.   We would like to share with you some of their answers:- We could not have said it better than our vendors.  Using a broker just makes sense. If you want to have a no obligation chat, in confidence, about your own personal situation then …

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 …

February Newsletter 2024

How was your January?  Busy as ever? Have you decided to grow your practice and buy some fees?  Now is a good time to make sure you have registered with us for the start of 2024. We have brokered well over 400 deals so know a little about the process and can give you advice where requested. We are excited …

Vendor’s Story – £150,000 – London

Details of a deal done late in 2023    Fees sold £150,000 Where London Qualified QBE Age 76 Time scale 2 weeks Type of Practice Sole practitioner Payment One off payment How paid No clawback Multiple 0.35 When paid Paid fully on completion Offers 4 offers Office & staff No office, staff did not move to buyer Results Vendor had terminal …

Things vendors have done after selling their practice

I bet you are glad another January is out of the way.  I am sure you can understand why we tend to be really busy in February.  We have many accountants contacting us to say they don’t want to have to do another January again.  They have been over-worked, over-stressed and quite frankly, exhausted.  We work with sellers of all …

Vendor’s Story – £800,000 – Bedfordshire

Fees sold £800,000 Where Bedfordshire Qualified FCA, FCA & FCCA Age 65, 62, 48 Time scale 8 months Type of Practice 3 Partners Payment 3 Tranches How paid A third, a third, a third Multiple 0.9 x fees When paid Completion, 12 months and 24 months Offers 3 offers Office & staff Office shut – staff moved to new office …