"It is estimated that there are almost 100,000 accountancy practices in the UK. Accountants can spend years building up their accountancy business, so when the time comes, how to sell an accountancy practice is one of the most important decisions an owner can make. It's not only about price - it's about timing, preparation, cultural fit and finding the right person, team or business to do a deal with."
"Many UK practitioners seeking to sell their accountancy firm ask the same question: what is the best way to sell my accountancy practice Getting it right protects a lifetime of work and secures the future of the staff and clients alike. We asked the UK's leading brokerage firm Kingsman Partners for practical advice when thinking of selling an accountancy practice."
Almost 100,000 accountancy practices operate in the UK. Accountants often spend many years building firms, making exit decisions highly significant for owners, staff, and clients. Sale options include selling the entire firm, selling a block of recurring fees, merging, or a phased exit. Value is mainly in goodwill and recurring client income. Typical sale multiples range from 0.8× to 1.2× annual recurring fees depending on client mix, retention, and risk. Firms with adjusted EBITDA above £500K can attract higher multiples and private-equity buyers. Deals commonly include clawback provisions and consultancy agreements during earn-outs to protect value.
Read at London Business News | Londonlovesbusiness.com
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