Sole Practitioner - Available
Location:
Central Scotland
Turnover:
£387,000
Reference:
AC6139
Status:
Available
Profit:
£TBC
Fees:
Client Fee Breakdown
Limited Companies
• 186 clients
• Total fees: £237,451
• Average fee: £1,277
Sole Traders
• 158 clients
• Total fees: £82,304
• Average fee: £521
Partnerships
• 34 clients
• Total fees: £34,579
• Average fee: £1,017
Charities
• 13 clients
• Total fees: £9,082
• Average fee: £699
Personal Tax
• 120 clients
• Total fees: £16,289
• Average fee: £136
Fee Distribution
• 162 clients paying up to £250, generating fees of £22,016
• 94 clients paying between £250 and £500, generating fees of £35,968
• 101 clients paying between £500 and £1,000, generating fees of £74,388
• 145 clients paying between £1,000 and £2,500, generating fees of £205,454
• 7 clients paying between £2,500 and £5,000, generating fees of £21,579
• 1 client paying between £5,000 and £10,000, generating fees of £10,000
• 1 client paying over £10,000, generating fees of £10,297
Additional Income
• Software resale profit: £4,592
• Fee protection profit: £2,308
• Total additional income: £6,900
Staff:
The practice has an experienced support structure in place.
Senior Bookkeeper
• 4 years’ service
• 40 hours per week
• Salary: £27,500 per annum
• Reviews VAT
• Undertakes accounts preparation work, but not tax work
Bookkeeper
• 22 years’ service
• 31.5 hours per week
• Salary: £23,600 per annum
Bookkeeper
• 3 years’ service
• 40 hours per week
• Salary: £26,440 per annum
Subcontractor
• Bookkeeping role
• Works approximately one day per week
• Charges £20 per hour
• Unlikely to transfer
Premises:
The practice operates from office premises in Central Scotland.
The premises are available for the purchaser to buy, subject to agreement. If the purchaser does not wish to acquire the premises, a short-term lease can be made available to support the handover and transition.
Current lease @ £9,000 per annum, 128 Square metres and break clause August 2027.
Consultancy:
The seller is seeking a full sale of the practice and is happy to provide a comprehensive handover.
The seller would consider remaining involved on a part-time basis for up to one year if required to assist with transition.
Notes:
Key highlights at a glance
Established in 2007
• Central Scotland accountancy practice
• Total practice turnover of £386,604
• Total client fee income of £379,705
• 511 total clients
• Additional income from software resale and fee protection of £6,900
• Strong local client base, with some clients further afield
• ACCA registered practice
• Not registered for audit
• Not authorised for investment business
• Experienced staff in place
• Average gross direct debit collections of approximately £32,000 per month, including VAT
• Low average work in progress
• IRIS used for accounts production, corporation tax, self-assessment and practice management
• Seller seeking a full sale
• Seller willing to provide a comprehensive handover
• Seller would consider part-time involvement for up to one year if required
• Preferred approach is to agree a transaction during Autumn 2026, with potential completion in early Spring 2027
