Practice for Sale – Long-Established East Anglia Accountancy Firm

Location: East Anglia (Market Town, Norfolk Region)

Established: 30 years +

Turnover: £352,000

Adjusted Profit: c. £85,000

Clients: c200

Recurring Fees: 80–85%

Reason for Sale: Relocation of principal

Overview

A rare opportunity to acquire an exceptionally well-established general practice in the East Anglia region, serving a stable and loyal client base for many years. The firm enjoys an excellent local reputation and strong year-on-year client retention. The principal is seeking to retire for family reasons and is open to a structured handover to ensure continuity.

Client Base & Services

  • Approx. 200 clients, predominantly long-standing OMBs, self-employed individuals, and personal tax clients
  • Average fee c. £1,400, with a broad spread from smaller compliance clients to those up to £15,000
  • Clients are mainly based within the local  and surrounding areas, with a handful farther afield
  • Service Mix:
    • Company, partnership & sole trader accounts & tax – 76%
    • Personal tax – 13%
    • Payroll, bookkeeping & VAT – 10%
    • Other services – 1%
  • Recurring income 80–85%
  • Consultancy income approx. 3%

Financial Summary

  • Turnover: £352,000
  • Reported Profit: £64,340
  • Adjusted Maintainable Earnings: approx. £85,000
  • Average WIP: £90,000
  • Average Debtors: £30,000

The practice demonstrates a consistent fee base and strong underlying profitability.

Compliance & Regulation

  • VAT registered
  • Professional indemnity in place
  • No PI claims
  • Last quality review (2023) rated satisfactory, with minor points addressed
  • Not audit-registered

Systems & Software

  • Tax: IRIS Elements
  • Accounts Production: Bright (formerly BTC/Bright)
  • CRM: Relate/Drive (Bright)
  • Payroll: Sage 50 Payroll

A modern, cloud-ready setup suitable for smooth transfer.

Team & Infrastructure

  • Staff: 3 full-time, 3 part-time, plus 1 subcontractor
  • Long-serving well qualified team providing strong client continuity
  • Premises: multi-floor town-centre office, new lease available if wanted.

Reason for Sale

Retirement.

Next Steps

For more information, please call 0203 811 8543 and quote reference number 240017.