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Deal Opportunities.co.uk

the UK marketplace for company sales

Local accountancy practice

Reference
S11356
Turnover
£1m to £2m
Sector(s)
Professional & financial
Region(s)
East of England
Added
26 January 2024

Business description

Key opportunities:

- Acquire low concentration client base.

- Opportunity to expand presence in the East of England.

- Proactively market services to existing customers to increase recurring fee revenue.

- Cross sell advisory services to existing client base.


Highlights

  • Strong reputation and long-established client base.
  • Low client concentration with over 2,500 individual clients.
  • Provide comprehensive accounting and payroll services.
  • A well-established brand presence within the area for over 10 years.
  • Significant growth in the last year, with further growth excepted.
  • Considerable investment into the local community and recognised support of local charities.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2022 (Actual) 760 130
2023 (Actual) 1,223 310
2024 (Forecast) 1,100 300

Reason for sale

The vendor seek a strategic purchaser to realise the value of their investment and ensure the continued succession of the business.

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