Well Established York & East Yorkshire Accountancy Practice for Sale

Reference: 240022

Location: York & East Yorkshire
Turnover: £335,000
Adjusted Net Profit: £130,000
Price: Offers Invited

Practice Overview

A well established and profitable accountancy practice located in York and serving clients both locally and nationwide is available for sale.

The practice was established seven years ago and has grown steadily, building a strong reputation and loyal client base. Approximately 50% of clients are based in York and surrounding areas, with the balance spread across the UK.

The firm generates highly reliable income, with approximately 95% of fees recurring, providing excellent visibility and security for a purchaser.

Financial Highlights

  • Total Income: £335,000
  • Recurring Fees: £320,000 (95%)
  • Non-Recurring Fees: £15,000 (5%)
  • Adjusted Net Profit: £130,000
  • Financial Year End: 30 June

Fee income is derived primarily from limited companies, with additional fees from sole traders, partnerships and consultancy work.

Client Base

  • Total Clients: 600
  • Wide range of small and medium sized businesses
  • Monthly fees range from £20 to £1,500
  • Good spread of clients with no reliance on audit work
  • Strong client loyalty and long-standing relationships

Services Provided

Services include:

  • Accounts preparation
  • Corporation tax
  • Personal tax
  • Bookkeeping
  • Cloud accounting support
  • General business advice

No audit work is undertaken.

Systems

The practice operates using modern, cloud-based systems including:

  • Sage Final Accounts
  • Sage Corporation Tax
  • Sage Business Cloud Accounting (majority of clients)
  • Xero
  • QuickBooks

This ensures efficient workflow and ease of transition.

Staff

  • Experienced team of 4 staff
  • Staff expected to remain with the practice post sale
  • Team capable of supporting ongoing operations

Premises

The practice operates from leasehold premises in the York area.

  • Annual rent: £12,000
  • Flexible lease terms
  • Opportunity to relocate if required

Additional Information

  • Fully compliant practice
  • Professional Indemnity Insurance in place
  • No history of PI claims
  • Clean regulatory record

Opportunity

This is an excellent opportunity to acquire a profitable and well run practice with:

  • Strong recurring income
  • Excellent profitability
  • Modern systems
  • Experienced staff
  • Significant goodwill

The practice would suit an existing firm seeking expansion or an individual looking to acquire an established portfolio.

The vendor will provide a full handover to ensure a smooth transition.

Enquiries are strictly confidential.

Please contact us quoting reference 240022 for further information.