Established Kent Accountancy Practice for Sale

An established and profitable accountancy practice based in Kent is now available for sale. Operating for approximately 20 years, the practice has built a strong reputation serving SME clients, with around 95% of the client base located within the local ME postcode area.

The practice benefits from exceptionally high levels of recurring fee income, a stable and loyal client base, experienced staff, and well-established systems. This represents an excellent acquisition opportunity for an existing firm looking to strengthen its presence in Kent or for a practitioner seeking a substantial, profitable portfolio.

Key Highlights

  • Location: Kent (ME postcode area)
  • Established: Approximately 20 years
  • Annual Turnover: c. £300,000
  • Adjusted Profit: c. £97,000 before directors’ remuneration
  • Recurring Revenue: 99%
  • Client Base: Predominantly SME businesses
  • Average Annual Fee: c. £1,000
  • Work in Progress & Debtors: c. £15,000
  • Team: 4 full-time personnel
  • Office Premises: Licensed office with capacity for further growth
  • Software: IRIS, Sage Payroll and Moneysoft

Client Base

The practice acts primarily for SME businesses and has developed a strong presence within its local market, with approximately 95% of clients located within the ME postcode area.

Key features of the client portfolio include:

  • Long-standing client relationships
  • Strong recurring compliance revenue
  • Diverse SME client base
  • Excellent local reputation
  • High client retention levels

Financial Information

Fee Profile

Category Annual Fees
Total Fee Income c. £300,000
Recurring Fees 99%
Non-Recurring Fees 1%
Advisory Income Minimal

The practice generates highly predictable recurring income, providing an attractive platform for future growth and cross-selling opportunities.

Operations & Systems

The firm operates using established and widely recognised accountancy software platforms, including:

  • IRIS for accounts and tax
  • Sage Payroll
  • Moneysoft

The practice also maintains relationships with external firms where required for specialist matters.

Staffing

The business benefits from an experienced team comprising:

  • Two directors
  • Two bookkeeping staff

This experienced team provides continuity and supports a smooth transition for an acquirer.

Premises

The practice operates from licensed office premises of approximately 600 sq. ft. with a flexible rolling agreement.

Additional benefits include:

  • Annual occupancy cost of approximately £24,000
  • Capacity to accommodate up to 10 additional staff
  • Scope for future expansion without immediate relocation requirements

Ideal Acquisition Opportunity

This opportunity is likely to appeal to:

  • Existing accountancy firms seeking a Kent acquisition
  • Firms looking to expand their SME client base
  • Practitioners seeking a profitable and established practice
  • Acquirers looking for a business with strong recurring revenues and an experienced team

Additional Information

  • VAT Registered
  • Professional Indemnity Insurance in place
  • No known PI claims
  • Well-established local presence
  • High proportion of recurring fee income

For more information, please call 0203 811 8543 and quote reference number 240028.