Buckinghamshire & Oxfordshire Accountancy Practice For Sale
Buckinghamshire & Oxfordshire Accountancy Practice For Sale
Overview
An excellent opportunity to acquire a profitable and well-established accountancy practice serving clients across Buckinghamshire and Oxfordshire.
Established for around 12 years, the practice has built an excellent reputation for providing a personal, responsive service to a loyal client base. The business generates annual fees of between £100,000 and £125,000, with approximately 65–70% recurring income, providing an attractive platform for future growth.
The practice is highly cloud-enabled and operates predominantly on a home-based basis, making it readily transferable with minimal overheads.
The vendor is happy to provide a comprehensive handover and would consider remaining with the business for a mutually agreed transition period.
Financial Highlights
- Annual fees of approximately £100,000–£125,000
- Adjusted profits of approximately £50,000
- Recurring annual fees of around £65,000–£70,000
- Average debtors and WIP of approximately £3,000
- Good levels of recurring income providing strong future visibility
Client Portfolio
The practice acts for approximately 52–60 clients located primarily throughout Buckinghamshire and Oxfordshire.
The client base is diverse with no reliance upon any particular industry sector, providing an excellent spread of risk.
Fees range from approximately £125 to £10,000, offering a balanced mix of smaller compliance clients alongside several larger fee-paying businesses.
Fee Breakdown
Income is broadly split as follows:
- Bookkeeping – 37%
- Statutory Accounts – 30%
- Tax Compliance – 10%
- Payroll – 4%
- VAT – 3%
- Company Secretarial – 2%
- Other Services – 14%
Approximately 10% of income is generated from advisory and consultancy work, providing opportunities for future expansion.
Systems & Technology
The practice is fully cloud-enabled and utilises modern software including:
- TaxCalc
- Xero
- QuickBooks Online
- FreeAgent
- Dext
- Adobe eSign
- Dropbox
These systems allow the practice to operate efficiently with flexible remote working.
Team
The business benefits from an experienced and developing team comprising:
- One full-time ACCA trainee Accounts Assistant with two years’ service.
- One experienced MAAT-qualified subcontract bookkeeper providing additional bookkeeping support.
The existing team should provide continuity for clients following completion.
Premises
The practice currently operates predominantly from home with a registered office address only.
As a result, there is significant flexibility for an acquirer, with clients capable of being serviced from an existing office or remotely.
Growth Opportunities
The business offers a number of opportunities for further development, including:
- Increasing advisory and consultancy services.
- Cross-selling additional compliance and tax services.
- Growing the recurring bookkeeping offering.
- Integrating the client base into an existing practice to realise operational efficiencies.
- Developing additional cloud accounting services.
Reason for Sale
The vendor is seeking a sale for lifestyle and future planning reasons.
They are committed to ensuring a smooth transition and are happy to remain involved for an agreed handover period. A share sale would be preferred for tax planning purposes, although all reasonable deal structures will be considered.
Summary
This represents an excellent bolt-on acquisition or first practice purchase for an ambitious accountant seeking an established client portfolio with strong recurring revenues, modern cloud systems and considerable scope for future growth.
The practice would integrate particularly well into an existing regional firm or cloud-based accountancy business looking to expand its presence across Buckinghamshire and Oxfordshire whilst benefiting from an experienced vendor committed to a successful handover.
To discuss this opportunity in complete confidence, please contact Accountants For Sale on info@accountantsforsale.co.uk and quote reference number 260035.
