Highly Profitable Central London Accountancy & Tax Practice for Sale – Under Offer

Established Practice | Strong Advisory Income | International Client Base

Overview

This well-established Central London accountancy and tax practice for sale has been operating successfully for almost 40 years and enjoys a strong reputation for advising technology-led and internationally based clients.

The practice generates consistent annual fees of £400,000–£500,000, with an impressive average net profit of £307,000 per annum over the last eight years. With a high proportion of recurring income and significant advisory content, this represents an excellent acquisition opportunity for a growing or consolidating firm.

Key Financial Highlights

  • Turnover: £400,000 – £500,000 p.a.
  • Average Net Profit: £307,000 p.a.
  • Total Fee Income: c. £450,000
  • Recurring Fees: 75% – 85%
  • Non-Recurring Fees: 15% – 25%
  • Average WIP: c. £50,000

Fee Income Split

  • Accounting & tax compliance: £300,000 – £350,000
  • Tax consultancy: c. £40,000
  • Immigration-related services: c. £20,000
  • Other advisory services: £20,000 – £30,000

Client Portfolio

  • Number of Clients: 75 – 90
  • Fee Profile:
    • 5 key clients paying £30,000 – £35,000 each
    • Smallest client fee approximately £300
  • Client Locations:
    UK, India, EU, Norway, Switzerland, UAE, Hong Kong, Singapore, Kazakhstan, USA and China
  • Client Types:
    • Technology businesses
    • International trading companies
    • UK property letting clients

The client base is well diversified, loyal, and heavily skewed towards higher-value advisory relationships.

Services Offered

  • Accounting & tax compliance
  • Corporation tax, personal tax and partnership tax
  • Tax consultancy
  • Immigration-related tax work

No audit work is undertaken, making this practice ideal for firms focused on advisory and compliance services.

Systems & Software

  • Tax Software: Wolters Kluwer CCH (Personal, Partnership & Corporation Tax)
  • Accounts Production: Sage Final Accounts Production, Sage Accounts 50
  • Cloud Platforms: Xero, QuickBooks

Compliance & Regulation

  • VAT Registered: Yes
  • Year End: 31 March
  • Professional Indemnity Insurance: In place
  • PI Claims: None
  • AML Review:
    A 2025 AML and documentation review by a leading professional body resulted in a clean report with no issues identified.

Staff & Operations

  • Staff:
    • 2 UK-based staff
    • 1 overseas staff member working remotely
  • Office:
    • Central London location
    • Approx. 800 sq ft
    • Premises owned by the vendor

Post-Completion:
The buyer will not be required to take on the premises. UK staff can relocate to the buyer’s office, and the overseas staff member will continue working remotely.

Growth & Upside Potential

There is clear scope to grow revenues further, including:

  • Expanding advisory services using established international and offshore connections
  • Bringing currently outsourced specialist tax work in-house, including:
    • M&A tax restructuring
    • Inheritance tax planning
    • Complex advisory assignments
  • Developing specialist services in technology-driven tax areas, including AI, internet businesses, social media, and entertainment

A buyer with in-house specialist tax expertise could unlock significant additional fee income immediately.

Ideal Buyer Profile

This practice would suit:

  • An accountancy firm seeking a profitable Central London acquisition
  • A buyer looking to expand international and technology-sector clients
  • A firm focused on high-margin advisory and recurring compliance work

To register interest, please reply to this email or contact Accountants For Sale. Quote Ref 240021