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Current Deals
The following deals are currently being advertised for sale or are expected shortly. PA2360 £50K Herts Probably serviceable from St Albans, Watford, Chesham, Hemel Hempstead and possibly Welwyn Garden City. This is a small practice, ideal for bolting onto to an existing practice or even for a first start setting up in practice to carry him over the first steps and allow to establish a practice and expand at a later date. The sole practitioner is retiring. Please contact Jobtel if you are interested. The seller is looking for approaching £1.25 per £ GRF with 60% up front and the remainder after one year. STAGE - UNDERWAY : Mailshot was sent out 17th April, first meetings due 14th May, completion due in July.
PA2627 £120K South & West of London Probably serviceable from Aldershot, Fleet, Farnborough, Woking, Guilding, Godalming. This practice consists of 3 main elements - bookkeeping, payroll and year end. The practice has been established for 4 years. The seller has been offered a position as CFO of a business for which he helped to obtain capital and in which he has a carried interest. He therefore wishes to relinquish this practice in order to devote his time to this other business. The seller is looking for between £1 and £1.1 times £ GRF with 50% up front and the balance paid during the following year. This would be an ideal bolt on for someone with a similar practice who wants to increase the size and obtain economies of scale. Alternatively, this is possibly of use to somebody who has been in industry for some time and who feels confident about managing the month to month routines. STAGE - UNDERWAY : Mailshot went out 2nd May. Initial meetings later in May. The seller wishes to complete as soon as possible, in early June.
PA2584 £500K North London. This sole practitioner is selling for health reasons and it is important that he finds a suitable match because he wishes to continue working for another 10 years. Accordingly, this is a very special match and introductions are only made after a detailed assessment of a particular buyer.
STAGE - UNDER OFFER : The seller is contemplating several options and this is expected to be completed soon.
PA2593 £50K Nottingham. This sole practitioner has decided to sell early and retire. Full details not yet available. STAGE - NOT YET CONFIRMED AS A SALE. The client is still contemplating whether to sell and the position is not year clear.
PA2591 approx £350K Leeds. Seller wishes to retire. STAGE - NOT YET CONFIRMED AS A SALE. The client is still considering but it is expected within the next few weeks.
PA2628 approx £70K West of London. This sole practitioner is selling most of the good quality clents and retaining a residual low value end. STAGE - NOT YET CONFIRMED AS A SALE. Delayed by 'circumstances beyond the seller's control'.
PA2622 £60K Caithness, North Scotland. The sole practitioner is retiring and moving back to The Lakes. House also may be available. Situation overlooking the Pentland Firth. STAGE - HEADS OF TERMS AGREED. Completion expected early August.
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