Staffordshire & Derbyshire Accountancy Practice for Sale

A rare opportunity has arisen to acquire a well-established and highly respected accountancy practice operating from two offices in Staffordshire and Derbyshire.

Having traded successfully for over four decades, the practice has built an excellent reputation and now generates annual fee income of approximately £1.2 million, with adjusted profits of approximately £340,000, potentially increasing to around £390,000 subject to agreed add-backs.

The business benefits from a loyal and diverse client portfolio, with approximately 90% recurring fee income, making it an attractive acquisition for both regional practices and larger consolidators.

Key Highlights

  • Fee income of approximately £1.2 million
  • Adjusted profit approximately £340,000
  • Potential adjusted profit approaching £390,000
  • Approximately 90% recurring revenue
  • Established for over 40 years
  • Two well-established office locations
  • Nationwide client base
  • Strong reputation with long-standing clients
  • Significant recurring payroll and software income
  • Experienced management and qualified team

Client Base

The practice services a broad and well-diversified client portfolio comprising approximately:

  • 547 Limited Companies
  • 129 Sole Traders
  • 129 Partnerships
  • 904 Personal Tax Clients
  • 5 Trusts
  • 9 Clubs & Charities

Clients are located nationwide, providing excellent diversification with no reliance on a single sector or client type.

Average annual fees are between £1,200 and £1,400, with fees ranging from approximately £180 up to £27,000.

Services Provided

Income is generated from a broad range of services including:

  • Accounts preparation
  • Corporation Tax
  • Personal Tax
  • VAT Returns
  • Payroll Bureau
  • Company Secretarial
  • Management Reporting
  • MTD Services
  • Software Sales
  • Company Formations

This provides multiple recurring revenue streams alongside opportunities to further develop advisory services.

Financial Highlights

  • Annual Fee Income: c. £1,200,000
  • Adjusted Profit: c. £340,000
  • Potential Profit (with agreed add-backs): c. £390,000
  • Recurring Revenue: Approximately 90%
  • WIP: Approximately £170,000
  • Debtors: Approximately £170,000

The largest income stream continues to be accounts and tax compliance, complemented by substantial payroll bureau, VAT and software income.

Systems & Technology

The practice utilises modern cloud-based software including:

  • TaxCalc
  • Xero
  • QuickBooks
  • Sage
  • FreeAgent
  • BrightPay
  • FYI

These systems provide an efficient platform for continued growth and an uncomplicated transition to new ownership.

Premises

The business operates from two offices:

  • One freehold office
  • One leasehold office

The freehold premises are owned by the company and have an estimated value of approximately £250,000.

Both offices offer capacity for additional staff, providing scope for future expansion.

Opportunity

This acquisition would suit:

  • Regional accountancy firms seeking to strengthen their Midlands presence
  • National consolidators looking to expand through acquisition
  • Growing practices wishing to acquire an established recurring fee portfolio
  • Firms seeking experienced staff, strong systems and an immediate increase in recurring revenues

The practice also offers opportunities to increase higher-value advisory and consultancy services across an already loyal client base.

Transition

The vendors are committed to ensuring a smooth transition and are willing to provide an appropriate handover period to support clients, staff and the successful purchaser.

Next Steps

Further information will be made available to suitably qualified purchasers following the 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 260031