Established West Sussex Accountancy Practice for Sale (Partial Disposal Opportunity)
Key Highlights
- Location: West Sussex
- Turnover: £120,000 p.a. (approx.)
- Total Fee Income: c. £120,000
- Recurring Fees: 100%
- Non-Recurring Fees: 0%
- Established: 13 years
- Number of Clients: c. 99
- Structure: Limited Company
Overview
An excellent opportunity to acquire a well-established and highly reputable accountancy practice based in West Sussex.
The practice has been trading successfully for approximately 13 years and has developed a loyal and long-standing client base. The business generates approximately £120,000 in annual recurring fees, providing strong visibility and security of future income.
This opportunity is structured as a partial disposal, with the vendor looking to sell the majority of the client portfolio while retaining a small number of clients.
Client Base & Services
The practice services a broad mix of clients, including:
- Limited companies
- Sole traders
- Owner-managed businesses
Clients are based nationwide, with a strong concentration in traditional sectors such as retail and small local businesses.
Core services include:
- Accounts preparation
- VAT returns
- Payroll
- Tax compliance
The client base is highly stable, with many long-standing relationships and an excellent retention track record.
Financial Profile
The practice generates total recurring fees of approximately £120,000 per annum, with income split as follows:
- c. £113,000 from monthly direct debit clients
- c. £7,000 from annually invoiced clients
With 100% recurring income, this represents a highly predictable and attractive revenue stream for an acquiring firm.
Operations & Systems
The practice operates using established accounting software systems and efficient internal processes.
The business is supported by two experienced employees, both of whom have long service within the firm and are familiar with the client base and day-to-day operations.
The vendor would strongly prefer that staff are retained to ensure continuity and client retention post-sale.
Premises
The practice operates from leased premises in West Sussex, with capacity for additional staff if required.
The vendor would ideally like the premises to be retained as part of the transaction to support a smooth transition and maintain client confidence.
Growth Opportunities
There are several opportunities for growth, including:
- Fee reviews to align with current market rates
- Expansion of advisory and consultancy services
- Cross-selling additional services to an established client base
- Leveraging the experienced team to increase capacity
Reason for Sale
The vendor is seeking to retire but is not under immediate time pressure, allowing for a well-managed and structured transition.
As part of the succession plan:
- The majority of the client base is available for sale
- A small number of clients will be retained by the vendor to support a part-time role for a family member
The vendor is willing to provide ongoing support post-sale to ensure a smooth handover and continuity of client relationships.
Deal Structure
The vendor is seeking offers in the region of 1.2x gross recurring fees, with a structure including:
- An upfront payment
- Deferred consideration over 1–2 years
- A standard retention-based clawback mechanism
Summary
This is a rare opportunity to acquire a stable, long-established accountancy practice with a fully recurring income stream and excellent client retention.
With experienced staff, strong client relationships, and a flexible transition timeline, the practice would suit an existing firm looking to expand or a buyer seeking a quality portfolio acquisition.
Enquire Now
For more information, please contact us on 0203 811 8543 quoting reference number 240026, or submit an enquiry via our website.
