Established East Midlands Accountancy Practice For Sale
Profitable East Midlands Accountancy Practice For Sale
Accountants For Sale is delighted to bring to market an established and highly profitable accountancy practice serving clients predominantly across Nottinghamshire, Leicestershire and Derbyshire.
Established in 2021, the practice has grown rapidly and now generates annual turnover of approximately c£360,000. The business reports profit of c£210,000 and benefits from a fully recurring client portfolio.
The opportunity could be particularly attractive to an established regional firm seeking additional scale, a larger group looking to strengthen its East Midlands presence or an ambitious practice owner seeking a profitable acquisition with an experienced team already in place.
Client Base
The practice acts for approximately 330 clients, comprising:
- Approximately 260 limited companies
- Approximately 70 sole traders
- A small amount of additional bookkeeping work
Clients are based mainly across Nottingham, Leicester and Derby, giving the practice a strong and well-established regional presence.
The seller advises that 100% of fee income is recurring. Typical monthly fees are approximately £90 to £95 for limited companies and approximately £30 for sole traders, with bookkeeping charged separately where required.
Financial Performance
The practice currently generates:
- Annual turnover of approximately £360,000
- Reported profit of approximately £210,000
- 100% recurring fee income
This represents a strong level of profitability and provides an incoming purchaser with an established platform for continued development.
The financial figures will be subject to verification as part of the buyer’s review and due-diligence process.
Services and Systems
The practice primarily provides recurring accountancy, tax, payroll and bookkeeping services to owner-managed businesses and sole traders.
Its principal software systems include:
- Xero
- QuickBooks
- BTC
- BrightPay
- Microsoft Excel
The practice does not undertake statutory audit work.
Staff and Infrastructure
The business benefits from an established team, including:
- Two ACCA-qualified accountants
- An experienced payroll and administration team member
- Additional junior support
The team provides an incoming purchaser with valuable technical and administrative capability and helps support the existing client portfolio.
The practice operates from premises in the East Midlands. The future property arrangements can be discussed with interested parties as part of the sale process.
Acquisition Opportunity
This represents an attractive opportunity to acquire a profitable and fully recurring accountancy practice with a strong concentration of limited-company clients.
The combination of recurring income, regional coverage, established systems and an experienced team should make the opportunity particularly suitable for:
- An East Midlands practice seeking a substantial client acquisition
- A regional firm looking to expand across Nottingham, Leicester and Derby
- A national or consolidator group seeking a presence in the region
- An ambitious accountant looking to acquire an established practice
Key Highlights
- Established accountancy practice
- Approximately £360,000 annual turnover
- Reported profit of approximately £210,000
- Approximately 330 clients
- Around 260 limited-company clients
- 100% recurring fee income
- No statutory audit work
- Strong East Midlands presence
- Experienced and qualified team
- Xero, QuickBooks, BTC and BrightPay
- Significant scope for further growth
All enquiries will be treated in the strictest confidence. Further information will be provided to suitable interested parties following completion of the appropriate confidentiality documentation.
To discuss this opportunity, please contact Accountants For Sale at info@accountantsforsale.co.uk, quoting reference 260038.
