Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 350 deals. Draper Hinks is very proud of its track record and reputation. Please feel free to contact me anytime at n.draper@draperhinks.co.uk with …
Buying fees in a rural area
We were selling an accountancy practice in the South West of England in a very rural area. There are far fewer accountants in rural areas which automatically makes it harder for us to find an interested buyer. Vendors understand this. Where an accountant moves to a part of the country that is de-populated for their own lifestyle reasons, this does …
Valuation for a divorce
I have recently been asked to value an accountancy practice where the owner was going through a divorce. It is not as simple as applying a multiple to the turnover or the EBITDA. There are many factors that have to be taken into account when valuing a practice. At Draper Hinks we only sell accountancy practices, this is what we …
February Newsletter 2022
Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 350 deals. We are very proud of our track record and our reputation. Please feel free to contact me anytime at n.draper@draperhinks.co.uk with …
Potential Seller Newsletter February 2022
Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and I am excited to announce that, since inception, we have completed over 350 deals. Draper Hinks is very proud of its track record and reputation. Please feel free to contact me anytime at n.draper@draperhinks.co.uk with …
What to put in an offer
Not all buyers have bought before so it is important to understand what should be put in an offer. These are some of the things you, as a buyer, will need to tell the vendor:- Income multiple This will depend on how much you think the practice is worth. Number of tranche payments This usually relates to the size of …
A round up of the year – 2021
2021 has been an unusual year for Draper Hinks. We had a number of practices that we were looking to sell in 2020 but were put on hold until the Covid situation calmed down. This meant that at the beginning of 2021 we were dealing with a wave of practices coming on to the market. February is always a busy …
November Newsletter 2021
Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper. I run Draper Hinks and have done so since 2004. We sell only accountancy fees and have completed over 345 deals. We are very proud of our track record and our reputation. Please feel free to contact me anytime at n.draper@draperhinks.co.uk with any questions. Things a vendor does …
Potential Seller Newsletter November 2021
Nicola Draper founder Draper Hinks Hello, I’m Nicola Draper. I run Draper Hinks, a business brokerage facilitating the buying and selling of accountancy fees. Since inception, we have completed over 345 deal and so can be considered experts in our field. We are very proud of our track record and our reputation. Please feel free to contact me anytime at …
Do Your Clients Pay Monthly?
I can understand why having your clients pay on a monthly basis would be attractive when running an accountancy practice. It helps with cash flow and, in theory, there are no bad debts. That all makes good sense. But you have to understand that when it comes to selling an accountancy practice, this can cause a problem to the buyer. …