Below you'll find a list of all posts that have been categorized as “Blog”
At Draper Hinks we pride ourselves on understanding what our vendors are looking for when they sell their practice. Well over 80% of our vendors want to know that their clients will be well looked after post sale and it is not uncommon for a vendor to reject a higher offer for a better “fit”. Our aim is to match …
Details of a deal done in 2024 Fees sold £150,000 Where Dorset Qualified FCA Age 63 Time scale 4 months Type of Practice Sole Practitioner Payment 1 pmt then earn out How paid 50% & over 2 years Multiple 1 x fees When paid Comp & quarterly Offers 4 offers Office & staff Office closed staff moved to buyer Results …
In 2024 we sold a practice for a Sole Practitioner. She was looking to retire to start a new career away from the accountancy world and was relying on the proceeds of the sale. She knew that her new venture would need to have some capital behind her before she would start to see a return. Having a cash reserve …
We had a very good year in 2024 and managed to complete 40 deals. Many of these deals were whole practices being sold, but there has been a trend for sellers to downsize and sell part of their practice. We are finding these tranches of fees are very popular with buyers because they are easily accommodated into their existing business …
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 …
When putting in an offer there are rules of thumb. Nothing is set in stone but having worked in this field for over 20 years, I have some experience of what is to be expected. If the vendor is selling fees of under £100,000 then I would expect the buyer to put in an offer where there are two payments. …
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 …
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 …
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 …
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, …