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MERGER COMPLETE

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c.£55,000 Limited Companies, Sole Traders & Partnerships

VENDOR:

  • Sole-practitioner
  • Selling for early retirement
  • Vendor will retain balance of fee base (excluded from these figures) which is made up of small sole traders & tax return clients only
  • Balance is likely to be made available to new owner a year or two after initial sale.

CLIENTS:

  • c.30 Limited Companies – some Directors have two limited companies (for whom work is 80% complete as their Year Ends fall predominantly in March);
  • 2 Partnerships;
  • 6 (separate) sole traders –
  • Together generating fee income of c.£55,000
  • Client base grows year on year
  • These are local clients
  • Considered good quality, not particularly vulnerable to loss
  • They enjoy a personable and efficient service
  • Clients to be serviced from Kenilworth/Warwick/Leamington Spa area.

STAFF:

  • A loyal part-time member of staff is available
  • Working 12 hours per week at £11.50/hour prior to being furloughed
  • Gets on well with clients
  • Duties include administration, basic book keeping, payroll, filing, the production of engagement letters, some billing & client care
  • Is likely to be willing to increase hours
  • Could be brought on to take on more responsibility, as, say, Office Manager
  • Is not key but retention will aid continuity.

PREMISES:

  • Attractive, well-appointed premises available if required but need not be retained
  • 2 offices
  • Total capacity for up to 5 personnel
  • Leased-basis
  • Rent is c.£9,500 p.a. + insurance & utilities + 1x free parking space.

PURCHASER:

  • Could be of equal interest to a first-time buyer as to an established firm wishing to consolidate their fee base.
Sold

Ref: AP3334W

 

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