Acquisition

SME 1-3 partner firms

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Whats the best way to find a firm to acquire?  I have a client looking to acquire 1-2 small accountancy firms.

Do the regulated bodies get involved? (ICAS, ICAEW)

Any thoughts would be appreciated.

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By James Green
26th Nov 2019 13:22

Professional bodies don’t get involved.

Try: https://lmgtfy.com/?q=buy+an+accounting+practice

And then follow the suggestions

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By Clinton Lee
26th Nov 2019 15:18

I posted in another thread some names of brokers who specialise in the buying/selling of accountancy practices:
https://www.accountingweb.co.uk/any-answers/sale-of-practice-1

There are two types of vendors: those on the market and those who are not.

The ones on the market will be with a broker or listed independently on a business for sale portal. I've got a comprehensive list of marketplaces here:
http://ukbusinessbrokers.com/where-to-list-businesses-for-sale/

The ones not already on the market need to be identified and approached individually. You can either do that yourself or hire a buy-side broker or deal sourcer to do the leg work. Expect to pay a large retainer or a monthly fee for anyone half decent.

It costs money to find the right deal. Unfortunately, too many people looking to buy a business don't realise that. They're like, er, the small business owner who thinks he can do his own company accounts because, well, how difficult can it be? ;)

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