Established Accountancy Practice in Hampshire – ON HOLD

Current Turnover circa: £340,000
Offers Over: Subject to negotiations
Established: c20 years
Gross Recurring Revenue: c £300,000 (est. 90%)
Number of Staff: 2 part-time, plus 3 directors (lightly involved operationally)
Location: Hampshire

Additional Notes:
An excellent opportunity to acquire a well-established and highly profitable accountancy practice with a strong and diverse client base located primarily across Hampshire, Surrey, and further afield, including some international clients.

Business Overview:
This general practice handles a full range of work, including personal, trust, corporate, payroll, VAT, and bookkeeping. The practice has approximately 400 clients, with an average fee of c£825. The business operates with IRIS, Xero, and Sage systems and works with specialist consultants for complex VAT and tax matters. The business is being sold to support a planned – phased retirement, with a preferred final exit payment date around August 2027. The P&L includes substantial directors’ pension contributions in addition to directors’ salaries, so underlying profitability is excellent. The premises are leased (via a director SIPP) and flexible terms may be available. The business is profitable, with post-director salary and pension contribution profits of over £130,000 in the last financial year.

Opportunity for Growth:
There is scope to further modernise, expand advisory services, and enhance marketing to grow the client base. A smooth handover is anticipated, and the directors will remain involved on a transitional basis if required or, in the case of one of the partners, possibly take some shares in the acquiring firm.

For more information, please call 0203 811 8543 and quote reference number 240009.