Vendor’s Story £70,000 Nottinghamshire

Details of the deal for this vendor’s story practice sold in 2025 Fees sold £70,000 Where Nottinghamshire Qualified ACA Age 62 Time scale 6 months Type of Practice Sole Practitioner Payment 2 tranches How paid 50% & 50% Multiple 1.1 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and no staff Results …

Just think, you could be doing this, if you sold your practice now!

Q – What are you most looking forward to doing now you have sold your fees? A – I will have time to take a proper holiday and longer weekends to enjoy my family more.  Get out walking more in the hills, not done much of that since 1991!  Lee Noble  ACA Q – What are you most looking forward …

Vendor’s Story £83,265 Norfolk

Details of the deal for this vendor’s story practice sold in 2025 Fees sold £83,265 Where Norfolk Qualified FCA Age 69 Time scale 4 months Type of Practice Sole Practitioner Payment 3 tranches How paid 30%  & 70% Multiple 1.1 x fees When paid Completion and 12 months Offers 3 offers Office & staff Office closed, staff transferred Results Worked …

Round up of 2025

We have been busy in 2025.  There has been a steady number of vendors talking to us about not wanting to have to deal with MTD.  We predicted this would happen but were half expecting the implementation date to be moved back again.  There is still time for this to happen… More people are working from home.  Practices below around …

Vendor’s Story £112,240 Warwickshire

Details of a deal done in 2024 Fees sold £112,240 Where Warwickshire Qualified ACCA Age 60 Time scale 3 months Type of Practice Sole Practitioner Payment 2 payments How paid 50% and 50% Multiple 1 x fees When paid Completion and 12 months Offers 6 offers Office & staff Office closed, staff moved to buyer Results Vendor was just looking …

What is the Draper Hinks process when selling a practice?

Anyone thinking of selling their practice would be best advised to get in touch with Draper Hinks as soon as they have decided to take this step.  It is important to understand the process that we follow when selling an accountancy practice. The first thing we offer is a free, confidential discussion about your own situation.  Everyone’s circumstances are very …

Vendor’s Story September

Details of a deal done in 2024 Fees sold £79,000 Where London Qualified FCA Age 77 Time scale 5 months Type of Practice Sole Practitioner Payment 2 payments How paid 50% and 50% Multiple 1.2 x fees When paid Completion and 12 months Offers 4 offers Office & staff No office and no staff Results Vendor was looking forward to …

Vendor’s Story August

Details of a deal done in 2024   Fees sold £80,047 Where West Midlands Qualified QBE Age 73 Time scale 6 months Type of Practice Husband and wife partnership Payment 2 payments How paid 50% & 50% Multiple 1 x fees When paid Completion and 12 months  Offers 3 offers Office & staff Office closed no staff to move to buyer …

What is a coaching call, and why is it important?

At Draper Hinks we like to set up a Meeting Day where the vendor can meet a number of potential purchasers on a one on one basis throughout the day.  The rationale behind this is that a vendor is more likely to sell their practice if they meet with more than one buyer. We vet each buyer to make sure …

Vendor’s Story June

Details of a deal done in 2024 Fees sold £90,000 Where Northamptonshire Qualified FCA Age 60 Time scale 5 months Type of Practice Sole Practitioner Payment 2 payments How paid 50% & 50% Multiple 1 x fees When paid Comp &  after 12 months Offers 2 offers Office & staff No staff and no office Results Looking forward to getting …