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Looking to acquire a practice

I am looking to acquire a practice up to £150k of fees

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I am looking to acquire a practice within the London or South East region with annual fees of up to £150k. Happy to keep on any employees or sub-contract staff and premises.

 

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By Calculatorboy
29th Mar 2021 23:59

most are trying to get out of this game

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Slim
By Slim
30th Mar 2021 11:46

Makes me wonder what the current multiple is, x1?

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Replying to Slim:
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By Lakeweb Accounts Ltd
31st Mar 2021 11:04

Between 0.7 - 1.0 times

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Replying to Lakeweb Accounts Ltd:
blue sheep
By NH
02nd Apr 2021 09:27

according to draper hinks latest quarter average is 1.01, highest 1.25

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Replying to Calculatorboy:
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By Andy556
30th Mar 2021 22:39

I think it's the opposite, anyone advertising an accountancy block of fees lately is getting snapped up pretty quick. From comments of interest anyway, not sure if the deals eventually go through.
Now seems to be the time to sell, I'd guess you can push for a better multiplier

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Replying to Andy556:
Red Leader
By Red Leader
31st Mar 2021 10:59

Whenever I've looked at the market, it always seems to be a seller's market.

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By Lakeweb Accounts Ltd
31st Mar 2021 11:05

A buyers market and I haven't heard anyone pay more then 1.0 times fees but I maybe wrong

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Replying to Lakeweb Accounts Ltd:
Red Leader
By Red Leader
31st Mar 2021 11:53

I got 1.1.

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By Lakeweb Accounts Ltd
31st Mar 2021 12:46

Bucking the trend. Well done

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Red Leader
By Red Leader
30th Mar 2021 11:11

It's good of you to post under your real name - a lot of us don't! This does mean that people can look up your business online. I noticed that there is nothing about the background of the principals on your website.

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Replying to Red Leader:
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By Lakeweb Accounts Ltd
31st Mar 2021 11:03

Transparency I guess. Website is about to change so details of partners will be on the rebranded version.

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