Uxbridge Accountancy Acquirer

Up front budget: £100

Current turn over circa: £200,000

Cash offer: To 1.3x GRF

Established since: 2013

Locations: Greater London

Locations: Uxbridge

Additional Notes: My client, an experienced acquirer and MTD ready, partner led practice, is looking to build on their existing local presence through the acquisition of a block of fees or small practice using available cash.

A premium offer will be available to practices offering;

Locations: Uxbridge, Reading, City

Turnover: £50,000 – £200,000

Client Base: A wide mix of clients with a majority of limited companies and SME business owners is preferable to give my client the opportunity to provide additional services.

Premises & Cost: Flexible – existing premises in Southall and Harrow but can retain lease if necessary.

Practice System: Cloud based systems are desirable – Xero or Quickbooks.

Staff: A retiring owner will to do a 12-24 month handover is desirable and my client can retain a small team of staff if efficient.

Additional Points: Partner lead practice, lead partner sitting on the CIMA council and on the board of the association, can add 30% to the value of the clients through the provision of various other services.

Preferred Purchase Method: Valuations typically to 1.3x recurring fees preferably structured with 1/3 up front followed by two further payments over 12 to 24 months, potentially less for a smaller practice.