Following another frenetic tax season and as many accounting professionals are breathing a sigh of relief to have met another tax and year-end deadline, Accountants For Sale emerges as a beacon of opportunity for those contemplating an exit in 2024.
The business is the brainchild of Simon Read who has spent many years in Financial Recruitment working with Accountants and professional services firms. Simon has worked as a business broker previously selling IFA firms and a wide variety of other businesses from restaurants, manufacturers, and even nightclubs.
This experience has stood him in good stead to service the accounting sector. He says “From the conversations I was having with various accountants that I know and meet regularly at different events, it struck me that there was plenty of room in the market to offer a broker service to Accountants as indeed several competitor firms already do. There are many Accountancy practices where the owners are fed up with the ever-changing regulations, the constant march of technology, and deadline pressures imposed by HMRC.
There are also a lot of firms that don’t want to sell out completely but see the value in merging into a larger organsiation and the advantages that can bring in terms of technology, economies of scale and a wider range of client services. From a buyer’s perspective as I know only too well as a recruiter trying to grow by recruiting in other qualified and experienced Accountants who can bring clients with them is almost impossible such is the shortage of people”.
Therefore the demand for quality businesses is very high. The Private Equity sector is especially active at present, they like the Accountancy business model that offers predictable revenue streams and a generally stable client-customer base and will pay increasingly higher multiples for the right opportunities”.
Many accounting professionals may find solace in the prospect of realizing the value of years of hard work and find themselves unable to face another January or year-end deadline or regulatory change. Equally many are keen on expansion.
Armed with an extensive database of accounting professionals spanning the entire UK, ‘Accountants For Sale’ will employ a targeted approach to identify buyers and sellers and make suitable introductions where there is the likelihood of there being a good fit. We aim to ensure a tailored and efficient process that minimizes the need to engage with unsuitable parties and will ultimately deliver superior results.
He continues “We understand that every buyer or seller has unique needs and our mission is to provide a service that facilitates seamless business transitions.”
Whether contemplating an exit strategy or aiming for business growth, ‘Accountants For Sale offers a comprehensive solution.
