Well-Established Basingstoke Accountancy Practice For Sale
Overview
A well-established and reputable accountancy practice located in Basingstoke is available for sale. The practice has been operating successfully for approximately 14 years and has built up a loyal client base of around c70 clients, mainly located in the Basingstoke and wider Thames Valley area.
The firm generates an average annual turnover of c£120,000 with average profits of approximately £35,000, and benefits from a high proportion of recurring fees (around 95%), providing strong stability for a purchaser.
The owner is seeking to accelerate exit plans and reduce working commitments, creating an excellent opportunity for an existing practice looking to expand in the region or for an ambitious practitioner wishing to acquire an established portfolio.
Practice Details
Location: Basingstoke
Years Established: 14 years
Year End: 31 March
VAT Registered: Yes
Professional Indemnity Insurance: Yes
PI Claims: None reported
The practice operates from offices in Basingstoke, providing a professional location suitable for client meetings if required. The office is leased and renewable annually, offering flexibility to a buyer.
Financial Overview
- Average Annual Turnover: c£110,000
- Average Annual Net Profit: c£35,000
- Recurring Fees: Approximately 95%
- Non-Recurring Fees: Approximately 5%
- Client Numbers: Circa 70
- Average Client Fee: c£1,400
- Maximum Client Fee: £4,800
- Minimum Client Fee: £400 (personal tax)
The practice maintains minimal work-in-progress and no debtor issues, reflecting a well-managed client portfolio.
Client Base
Clients are primarily located in:
- Basingstoke
- Reading
- Newbury
There are also a small number of clients based in London and Kent.
The client mix consists mainly of small businesses and individuals requiring compliance services, with most of the work relating to accounts preparation, tax returns, and general accounting services. There are no audit clients.
Approximately 8 clients operate as partnerships or sole traders, with the remainder consisting mainly of small, limited companies and personal tax clients.
Systems & Software
The practice uses modern and widely adopted accounting systems, including:
- TaxCalc
- Payroll Manager
- QuickBooks
- VT Plus
These systems are familiar to many practitioners and would allow for a smooth transition.
Staffing
The practice is currently run by the owner with support from outsourced/offshore service providers, and there are no UK-based employees.
This structure provides flexibility and low overheads and could easily be integrated into an acquiring firm’s existing team.
Premises
The practice operates from office space in Basingstoke.
- Lease: Renewable annually from 1 June
- Annual Rent: £6,480 + VAT
- Broadband/Internet: £300 + VAT annually
- Capacity: Suitable for 3–4 staff if required
A buyer may choose to retain the office or integrate the clients into an existing office or remote model.
Reason for Sale
The owner has decided to accelerate exit plans and reduce working commitments. Additionally, upcoming HMRC regulatory changes affecting tax agent registration in May 2026 have influenced the decision to step back from the practice.
The preferred transaction structure is the sale of the client portfolio rather than the limited company.
Opportunity
This is an attractive opportunity for:
- An existing practice looking to expand in the Hampshire / Thames Valley region, or
- A sole practitioner seeking an established fee base with high recurring income
The practice’s stable client base, strong recurring fees, and low overhead structure make it an appealing bolt-on acquisition.
Next Steps
If you are interested in acquiring this profitable and well-established Basingstoke-based practice, please contact us in confidence to discuss further details, pricing expectations, and transition arrangements.
All enquiries are handled with strict confidentiality. Please contact us quoting reference 240024 for further information.
