Established North London Accountancy Practice for Sale – Interesting Niche Client base

A well-established and highly portable accountancy practice based in North London is now available for sale. Established in 2004, the practice has built a strong reputation servicing clients. The practice benefits from a loyal and recurring client base, excellent payment history, and streamlined operations with modern cloud-based systems. The owner is seeking a sale of the limited company structure for personal tax planning purposes.

This opportunity would suit an existing practice looking to expand its client base in London and the South East, or an individual practitioner seeking a profitable and easily transferable portfolio.

Key Highlights

  • Location: North London (home-based and fully portable)
  • Established: Since 2004
  • Annual Fee Income: c. £120,000 – £126,000
  • Adjusted Profit: c. £98,000 (before director remuneration)
  • Recurring Revenue: 100%
  • Number of Clients: Approx. 172
  • Client Split: 109 Limited Companies / 63 Sole Traders
  • Specialist Sector Focus:  Niche professionals
  • Software Used: Capium, IRIS Elements, BrightPay, Inform Direct
  • Staff: Owner-operated by husband and wife directors
  • Office: Home-based operation
  • Reason for Sale: Principal exit and retirement planning

Client Base

The portfolio benefits from:

  • Long-standing client relationships
  • Strong levels of recurring annual compliance work
  • Stable and predictable fee income
  • Good client retention history
  • Fully remote and transferable operations

Average fees range from smaller compliance assignments through to larger annual engagements of approximately £2,000.

Financial Information

Recurring Fee Breakdown

Work Type Annual Fees
Limited Companies (No Audit) c. £110,000
Sole Traders & Partnerships c. £10,000
Tax & Advisory Work Minimal
Total Recurring Fees c. £120,000

Additional Financial Information

  • Recurring Fees: 100%
  • Non-Recurring Fees: Minimal
  • Work in Progress / Payments on Account: c. £100,000
  • Debtors: c. £10,000
  • No known liabilities or creditor issues
  • No professional indemnity claims history

Operations & Systems

The practice has embraced cloud-based systems and operates efficiently with minimal overheads.

Software Platforms

  • Accounts Production: Capium / QuickBooks
  • Tax & VAT: IRIS Elements
  • Payroll: BrightPay transitioning to Capium
  • Company Secretarial: Inform Direct / Capium

The business is run from home and is highly portable, making integration into an acquiring firm straightforward.

Staffing

The practice is owner-managed by two directors.

Both directors currently draw modest salaries, contributing to the strong profitability profile of the business.

Ideal Acquisition Opportunity

This practice would particularly suit:

  • A London or South East based accountancy firm seeking additional recurring fees
  • A practice looking for a highly profitable and easily integrated portfolio
  • An acquirer seeking a fully cloud-based operation with low overheads

Additional Information

  • VAT Registered
  • Year End: 28 February
  • No current negotiations with other buyers
  • Full handover support available by agreement

For more information, please call 0203 811 8543 and quote reference number 240027