Hi, I have changed my name to keep anonymous
I currently own 1/3 of a practice that I set up with two colleagues from my old employer. Things have gone well and we now have an annual turnover of circa £300k and employ one other full time admin staff member. With this year working from remotely and not having regular contact with my business' partners, it has confirmed my view that I do the vast majority of the work and also take on most of the responsibilities in running the business. They each only bill around £40k per annum whilst I am billing and managing a client base of £220k on my own. There is a large amount of pressure and strain on me to maintain this level and keep the clients happy and they are unwilling or unable to assist. At times when I have passed work to them it has been left until the last minute or errors have been made, which I cant fathom as they should have plenty of time available based on their own workloads.
I am now looking to leave the business and come up with an agreement with them that will allow me to take 1/3 of the client base and work from home full time. This would be my preferred option over purchasing the entire client base as I simply wouldnt have the time or resource available to manage a client base of that size on my own. I also enjoy working at home far more than from our office. I would probably be better off financially than I am currently while doing less than half of my current workload.
I am looking for advice on how I discuss this with my business partners as they may make things difficult for me, knowing that I do the work that provides them an income greater than they are capable of based on their own work. I have spoken to them at length in the past about increasing their own fee base, however they seem unable to produce more than £3/4k per month in billing despite being busy. This is a huge source of frustration to me.
Has anyone had any experience of leaving and taking clients with them as I appreciate they are clients of the business and not my own clients, however most of these would want to continue with me and would not be happy if I left.
It would be good to hear thoughts from fellow accountants as to whether I am being unreasonable or unrealistic in what I would be looking to achieve.