Details of a deal done in 2023 Fees sold £111,360 Where Tamworth Qualified FMAAT Age 72 Time scale 3 months Type of Practice Sole Practitioner Payment 2 tranches How paid 50% & 50% Multiple 1 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and one subcontractor Results Vendor decided to do some …
Why you should be VAT Registered
Are you VAT registered? Are you close to the threshold? What should you do? The VAT threshold for 2024 is £90,000 (up from £85,000). The government announced this increase in the Spring Budget, with the new threshold coming in from 1 April 2024. The VAT registration threshold is set by HMRC every year – but it had remained unchanged since 2017-18 until increasing …
The right frame of mind for selling your practice
It is important that when you are thinking about selling your practice, you are as ready as you can be. That means collecting as much information as there is out there to get a good idea as to what the process is and what can be done to maximise the sale price for what you are selling. However, that is …
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 July 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 …