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English Practice

MC675

GRF: £ 311,000

Number of Partners: 2-Partner Practice

Location: North West and N Wales

Status:   pending

This practice, which was established in the 1980s, is available for sale due to the impending retirement of the partners.
Turnover: c£311,000 (Profit c£110,000)
Fees: Average fee – £725, Largest fee – £7,800, Fees include: – 3 audit companies – £10,000, 135 non audit limited companies – £169,000, 172 partnerships sole traders – £101,000, 70 tax cases – £11,000, 50 payroll – £20,000
Staff: 6 full-time, 2 part-time
Software: IRIS (for accounts and tax), Sage (for payroll)
Premises:Owned by partners (3,000 sq ft)
Consultancy: At least one partner will remain, potentially for quite a while, in order to ensure a smooth and successful transfer. There is also a Senior Manager in the practice (with Partner potential) that could become part of the deal if the acquirer wishes.


 

English Practice

MC675

GRF: £ 311,000

Number of Partners: 2-Partner Practice

Location: North West and N Wales

Status:   pending

This practice, which was established in the 1980s, is available for sale due to the impending retirement of the partners.
Turnover: c£311,000 (Profit c£110,000)
Fees: Average fee – £725, Largest fee – £7,800, Fees include: – 3 audit companies – £10,000, 135 non audit limited companies – £169,000, 172 partnerships sole traders – £101,000, 70 tax cases – £11,000, 50 payroll – £20,000
Staff: 6 full-time, 2 part-time
Software: IRIS (for accounts and tax), Sage (for payroll)
Premises:Owned by partners (3,000 sq ft)
Consultancy: At least one partner will remain, potentially for quite a while, in order to ensure a smooth and successful transfer. There is also a Senior Manager in the practice (with Partner potential) that could become part of the deal if the acquirer wishes.


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