February 2019 Newsletter

Draper Hinks Newsletter February 2019 Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.  We sell only accountancy fees and have completed over 260 deals. We are very active in the market place for buying and selling accountancy practices.  I work with all the sellers, so if you are looking to sell in the near …

Some top tips from a vendor to other vendors

In 2018 we sold a practice in the North West and the vendor was asked what tips he would give to another vendor in the same situation. These are the tips he came up with:- 1 Make sure that there is sufficient resource in place to handle the extra work involved. a. Storage space b. Staff capacity c. Equipment , …

December 2018 Newsletter

Draper Hinks Newsletter December 2018 Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.  We deal only with the buying and selling of accountancy fees and since inception, we have completed 259 deals. We are very active in the market place.  We like to get to know our vendors and purchasers.  I deal with all …

A round up of the year – 2018

As most of our readers know, we only deal with accountants in practice. We are business brokers for accountants that want to sell fees and for accountants that want to buy fees. Most vendors want to sell their whole practice but we have had a number this year that want to sell only a tranche of fees. To date we …

A sad story about one of our vendors

We were contacted by a vendor three years ago to discuss the possibility of selling his practice with fees in the region of £160,000. Due to mitigating circumstances, we decided it was best to meet up face to face to discuss his particular situation, so a convenient time and place was agreed. I drove to the meeting and he drove …

Top tips from a vendor who sold his practice through Draper Hinks

Graham sold part of his practice through Draper Hinks several years ago. It did not go smoothly and he ended up having to sue the buyer. But that is another story. I recently met up with Graham to ask him for his top tips when selling a practice. Tip 1 Don’t expect it to go smoothly. Expect there to be …

How MTD has affected the market so far this year

We have had a number of vendors approach us this year not wanting to have to deal with MTD. Their sole purpose of selling was to avoid having to put things in place to deal with yet another system to be compliant in the ever changing world of accountancy. The first practice we marketed this year was for a lady, …

August 2018 Newsletter

  Draper Hinks Newsletter August 2018   Hello, I’m Nicola Draper.  I run Draper Hinks and have done so since 2004.  We sell only accountancy fees and have completed over 240 deals. We are very active in the market place for buying and selling accountancy practices.  I deal with all the sellers, so if you are looking to sell in …

Some of the uncommon pitfalls a buyer can encounter when buying fees

When a buyer buys accountancy fees they are looking to minimise their risk but at the same time maximise their return. I have yet to find a buyer that pays out a significant amount of money without wanting a good return on the investment. We have come across a few pitfalls that buyers find when they buy fees. In our …