Small Central London Accountancy Practice For Sale

Overview

Accountants For Sale are delighted to offer this long-established Central London accountancy practice.

Established in 2006, the practice has built an excellent reputation for providing bookkeeping, accounts preparation, VAT and taxation services to a loyal client base located predominantly throughout London.

The business generates approximately £62,864 of recurring annual fees and benefits from an exceptionally lean operating model, producing strong profitability.

The practice is being offered for sale solely due to the owner’s planned retirement.

Financial Highlights

  • Recurring Annual Fees: £62,864
  • Adjusted Profit: £48,607
  • Profit Margin: Approximately 77% of recurring fees
  • Average Work in Progress: £4,560
  • Debtors: Minimal, with the vast majority of invoices settled within days.

Client Profile

The practice acts for approximately 48 clients, primarily located throughout London.

Services include:

  • Statutory Accounts
  • Corporation Tax
  • Personal Tax
  • Bookkeeping
  • VAT Returns
  • Year-End Accounts Preparation

The client portfolio is well established and provides dependable recurring income with no particular sector concentration.

Recurring Fee Breakdown

The recurring fee base is derived from:

  • Limited Companies – £42,015
  • Sole Traders & Partnerships – £12,998
  • Personal Tax Compliance – £7,851

Total Recurring Fees: £62,864

The practice offers purchasers the opportunity to increase revenues through additional advisory and business support services.

Software

The practice operates using modern cloud-based software including:

  • Xero
  • Dext
  • Microsoft Office

These systems should allow for a straightforward transition into an existing practice.

Staffing

The business is owner-managed with no employed staff.

Bookkeeping support for a small number of clients is outsourced to an established external provider where appropriate.

The acquisition therefore carries minimal staffing obligations and should integrate easily into an existing operation.

Premises

The practice operates from a home office.

No commercial premises are included within the sale, allowing the purchaser complete flexibility regarding relocation and integration.

Reasons to Acquire

  • Established since 2006
  • £62,864 recurring annual fee base
  • Excellent profitability
  • Loyal London client portfolio
  • Cloud-based operation
  • Minimal overheads
  • No employed staff
  • Straightforward integration opportunity
  • Retirement sale

Vendor Support

The vendor is committed to ensuring a smooth transition and will provide an appropriate handover period by agreement with the purchaser.

Next Steps

Further information, including financial information and client profile, will be made available to genuinely interested parties following completion of our Confidentiality Agreement.

To discuss this opportunity in complete confidence, please contact Accountants For Sale on info@accountantsforsale.co.uk and quote reference number 260032