The following deals are currently being advertised for sale or are expected shortly.

Coming up possibly sellers Peterborough £200K.  Not yet notified of selling.

PA2667 Practice for Sale in North Notts c£137K.  Poor health forces sale of this CA's practice.  Seller is considering one of three options 1) Total sale of whole practice 2) Sale of portfolio of fees c£56K 3) Portfolio and seller's option for balance.  The firm is looking for an existing nearby firm but would also consider a qualified accountant setting up, possibly working from the seller's premises.

By-in Practice or practice merger - PA2644

A £600K fee firm based in SW London is looking for a buy-in partner with capital and/or clients to help grow the practice.  Alternatively, would consider a merger with similar size practice.  Deal is for completion in late 2010.  Ideally the firm is looking for a qualified accountant with practice experience seeking to advance himself, or a firm of around £600K looking to expland/uprate the practice, perhaps justifying specialisms to better compete.

Practice for Sale £750K in the Thames Valley area.  This deal is nearing completion. Our ref PA2659.  From small beginnings in the 1980s, the practice has grown rapidly in recent years towards £750K.  This is a successful, modern, client focussed, approachable firm.  Services cover a standard range but delivered in a unique style.  The owners see potential to drive this soon to £900K.  It has grown substantially by references.  The practice operates from rented premises and has an ethos of giving bespoke service to its clients.  The practice also has local contacts which could yield further sales.

We have recently begun a Joint Venture with another broker and as a result have potential sellers in

North London over £1M,

In East London £300K to £700K and

near the South Coast in the Portsmouth area, about £1M.

We have a firm in London looking for a buy-in partner probably £70K - this is because the practitioner is very good at customer contact but not so good at follow-up nitty gritty work and so seeks a back-room partner who can cope with the work.  The seller initially gave us clear instructions but he has since prevaricated and changes his mind, so we do not know exactly whether he wants to sell or merge.  This often happens with people who are still of working age but suddenly want to change the format of their business but we will log it here when the position is clarified.

We have an outsourcing firm if £1.2M which has a specific niche and is profitable and growing.  This is now growing at a rapid rate and this party would be interested in disussing with any larger firm who lacks an outsourcing operation such as this.  They also have a specialist niche which, in the right hands, could be expaned and profitably.

There is a possibility of a smaller sale in North London - East of about £90K but this is not yet confirmed

Generally speaking, when Jobtel are approached by sellers there may be an initial interest but often the sellers choose to think about it for a while and may come back in a week, a month or a year.  So Jobtel have a list of over 100 firms who have sought our advice over the possibility of selling - these we are unable to describe in detail but you may always enquire if there is anything upcoming in your area.

Despite the current recession Jobtel is finding that prices are still holding up - although its likely that "no-claw-back" deals will not be done in 2009 due to possible fall off in clients.

Jobtel are currently meeting with sellers and discussing sale possibilities with firms in

Peterborough

Leicester

Liverpool

London 

Nottingham

Leeds

West of London

West Leicester £160K Fees PA 2648. Premises available some staff. Principal wishes for speedy deal and is loiking for £1.1 time with 60% up front. Might suit practitioner having worked from home now seeking his own office.

Leicester South - £125K PA2636  deal completed.

Expected soon -

PA2591  approx £350K  Leeds.  Seller wishes to retire. Still not yet confirmed as a sale, depending on the seller's personal circumstances.

PA2628  approx £70K  West of London.  This sole practitioner is selling most of the good quality clients and retaining a residual low value end. Not yet confirmed as a sale.