Prospect Newsletter February 2025

Nicola Draper Founder Draper Hinks Another year finished, how was your January?  Do you have the interest, inclination and drive to carry on working to deadlines or are you thinking of changing your lifestyle? We are often very busy at this time of year working with vendors that want to slow down or even stop what they are doing.  You …

February Newsletter 2025

Nicola Draper Founder Draper Hinks How was your January?  Busy as ever? Have you decided to grow your practice and buy some fees?  Now is the busiest time of year for us where vendors want to sell.  Make sure you are registered with us. We need to understand what you are looking for so we can put forward only the …

Vendor Story £450,000 West Sussex

Details of the deal for this vendor’s story  Fees sold £450,000 Where West Sussex Qualified ACA/FCCA Age 61 Time scale 9 months Type of Practice Sole Practitioner Payment 3 tranches How paid 50%, 25% & 25% Multiple 1 x fees When paid Comp, 12 months & 24 months Offers 3 offers Office & staff Office and staff retained by buyer …

Things people are doing after selling their practice in 2024

Charles Ellinas                              (Permission given to use his name) Dan Imray                                        (Permission given to use his name) Jan Woodburn                               (Permission given to use her name) Neville Ford                                    (Permission given to use his name) Stephen Cooke                              (permission given to use his name) Michael Zakis                                 (Permission given to use his name) Paul Case                                          (permission given to use his …

December Newsletter 2024

Nicola DraperFounder Draper Hinks  Season’s Greetings.  I’m Nicola Draper, I run Draper Hinks, a business brokerage facilitating the buying and selling of accountancy practices.   We have completed  over 448 deals to date and look forward to doing many more. I was asked by the ICAEW to be a keynote speaker again, on a webinar discussing selling your accountancy practice.  If you …

Potential Seller Newsletter December 2024

Nicola DraperFounder Draper Hinks  Season’s Greetings.  I’m Nicola Draper, I run Draper Hinks, a business brokerage facilitating the buying and selling of accountancy practices.   We have completed over 448 deals to date. I was asked by the ICAEW to be a keynote speaker again, on a webinar discussing selling your accountancy practice.  If you have a question about what to do …

Round up of 2024

Draper Hinks has had a good year.  We can finally say we have bounced back from the effects of Covid where we lost over 85% of our business overnight.  Things are looking much brighter.  My main observations as to what trends are becoming more prominent are several.  We are still working with vendors that have paper-based practices.  This is something …

Vendor Story Q3

This is a case study from a practice we sold in 2023 Fees sold £ 64,700 Where Gloucestershire Qualified QBE Age 59 Time scale 4 months Type of Practice Sole Practitioner  Payment Two tranches How paid 50% & 50% Multiple 0.95x fees When paid Comp and 12 months Offers 3 offers Office & staff No office and no staff Results …

Potential Seller Newsletter September 2024

Nicola Draper founder Draper Hinks  At Draper Hinks we have a team of people dedicated to doing a really good job for our clients.  We are a transactional business.  When we get a practice for sale we sell it. That is why you do not see long lists of firms for sale on our website, we have sold them! We …