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[H2] Peter Watson

[H2] Expert in the Sales, Purchases & Valuations of Accountancy Practices.

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[H2] Personal, Experienced, Confidential Support for Accountancy Practice Owners

I’m Peter Watson, and for over 20 years, I’ve been helping accountants across the UK sell, buy, merge, or value their practices. This isn’t a corporate service — it’s me, personally guiding you every step of the way.If you’re planning a change — whether that’s retirement, growth, or just exploring your options — I’m here to offer clear advice, a trusted process, and complete confidentiality.

[H3]
I'm Here to

Listen
Guide
Deliver

[H2] No pressure. No corporate jargon. Just honest advice, one-to-one.

0800 774 7281 or 07900430090

peter@bainswatts.co.uk

[H2] What I Can Help With

[H2] Selling Your Accountancy Practice

I’ll handle everything confidentially — valuing your business, preparing the sale, introducing serious buyers, and supporting you through to completion. I understand how important it is to protect your clients and staff during a transition.

[H2] Buying a Practice

If you’re looking to expand, I can connect you with the right opportunities and walk you through every step. I’ll make sure the practice you buy fits your goals — and avoid the ones that don’t.

[H2] Valuations & Exit Planning

Even if you’re not ready to sell, knowing what your practice is worth helps you plan. I offer practical, market-based valuations so you can start thinking ahead.

[H2] Mergers, Retirements & Step-Back Strategies

I work with partners and sole practitioners planning phased exits or step-down roles — helping you create a plan that’s fair, tax-smart, and future-ready.

[H2] Why Work with Me?

You deal with me directly — always. No account managers, no switchboards. When you call, I pick up.

I only work with accountants. This is my specialism — it’s all I do.

Everything is 100% confidential. You won’t see your business listed publicly. I only introduce your details to serious, vetted buyers.

No pressure — ever. Whether you’re ready now or just thinking it through, I’m happy to talk things over.

I know selling your accountancy practice is a big decision. My role is to help you make it with clarity and confidence — not to push, but to support.If and when the time is right, I’ll be here.

[H2] Peter Watson

[H2] Helping accountants across the UK take their next step.

[H2] What My Clients Say

Thank you for finding me an excellent buyer and guiding me through the whole process.
I would have no hesitation in recommending your services.

Dorset Accountancy Practice Peter Burrows Accountant sold to A R Accounting

I would like to thank you for your help in selling my Accountancy practice. The buyer you found for me is an extremely good fit for my client base and the whole process has been a very positive experience.I would not hesitate to recommend you to other Accountants looking to sell their practice.

Buckinghamshire Accountant Su Jackson of Main Street Accountancy Sold to Lancasters Accountants

I wish to take this opportunity in thanking you for your professionalism in disposing of my practice from beginning to end. From my initial contact with you, telephone calls, emails and visit, a purchaser gave me a firm offer you had arranged five appointments for me, all of which were excellent candidates but obviously I could only choose one. Effectively, you sold my practice within two weeks and I thank you greatly for your expertise given.

Cheshire Accountancy Practice Edward of Cheshire Accountants Sold to Longmire Accountants of Cheshire

0800 774 7281 or 07900430090

peter@www.bainswatts.co.uk

[H2] Get Your Free Ebook

[H2] Buying

[H2] Accountancy Practices for Sale

Click to look for a practice in your area

[H2] Currently available accountancy practices for sale.

WILTSHIRE 835,000 GRF

SURREY £200,000 GRF

0800 774 7281 or 07900430090

peter@bainswatts.co.uk

If you are interested in any of the above  Accountancy Practices for sale please email peter@bainswatts.co.uk to obtain a Non-Disclosure Agreement for you to sign  NOTE: REQUESTS FOR NDA’S, OR DETAILS OF THE ABOVE PRACTICES WILL NOT BE GIVEN OVER THE PHONE.If you want to sell your accountancy practice, read some key factors for selling an accountancy practice here.

[H2] Accountancy practices recently sold.

East Yorkshire: (GMH Accountants)

Lincolnshire: (Fawcetts & Co.)

Hertfordshire: (Wilton Milton)

Dorset: (Rob Jennings)

[H2] Looking for an accountacy practice in your area?

Complete the buyers register below

[H2] Selling

[H2] Selling an accountancy practice

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[H2] ACCOUNTANCY PRACTICES SALES, PURCHASES & VALUATIONS

[H2] What are the key considerations when Selling an accountancy practice

Firstly, how do you find a buyer? Most sellers are understandably concerned about confidentiality and do not want the local business community to know that they are considering selling. The fear is that staff may become unsettled and look for other jobs; clients may start to look for other accountants and competitors may actively target your client base, repeating the rumour that you are about to retire. Many firms can identify a local firm that they believe would be interested and will approach them directly provided they are happy that confidentiality will be maintained. Alternatively, you may choose to employ a practice mergers and acquisition agent to represent you. This allows for the initial exploration to be anonymous and signed confidentiality statements put in place before information is exchanged.The price that you get on a sale depends on a number of factors. The desirability of the practice, the amount of fees involved, property issues, the pattern of payments sought and the extent of any warranties or claw back all affect the price. Typically, the price for smaller practices (say fees up to £400,000) will be based on a multiple of fees, either gross recurring fees or gross fees. Conversely, the price of larger practices (say fees of £1,000,000 or more) will often be based on a multiple of super-profits. This is the surplus profit after paying a salaried partner to take over the portfolio of the exiting partner.  The typical multiple will be three or four times super-profits, although as always, individual deals can vary significantly.

[H2] If there were such a thing as a standard deal when selling an accountancy practice (say £250,000 fees) then it might look like this:

Price: £250,000 (i.e. 1 x gross fees), assuming no major problems in the practice. In reality, this number can vary from about 0.8 to 1.2 or even 1.4.

Payment terms: on completion: 40%; another 30% after 12 months and the remaining 30% after 24 months. The initial payment can go up to 50%, and in exceptional circumstances can even be 100%, though the latter significantly reduces the price. Payment over three years or more can also apply, particularly to internal sales where funding is an issue.

Claw back: 100% if a client leaves straight after 12 months .Claw back can be applied to individual clients or to the portfolio as a whole. So, if a £10,000 client leaves straight away, £10,000 comes off the purchase price, reducing the second and / or third payments accordingly.

With the difficulty in obtaining finance in the current economy, different approaches are becoming more common. Rather than 33% to 50% cash up front, the payment can sometimes be spread equally over 24 or even 48 months. This is highly attractive to the buyer since the deal is virtually self-financing, and might be acceptable to a seller who has no great need for the cash up front.

[H2] Selling an accountancy practice

Before commencing, our specialist will take the time to fully understand your business and what you are looking to achieve from your sale or merger. Our specialist has years of experience in the accountancy practice field. We fully understand what you are discussing with us. Contact us today.

[H2] Database of Buyers

We have an existing database of Buyers who are looking to take on board opportunities that are available in this current market and are ready to discuss your individual requirements with you.

[H2] Our service offers a range of features that we believe makes us a leading choice when it comes to employing a relevant, dynamic broker to sell your accountancy practice in the UK.

Free consultancy at your premises

Practice valuation

Discussion of options and timescales

Targeted marketing

Review of offers

[H2] Location

We cover the whole of the UK.

0800 774 7281 or 07900430090

peter@bainswatts.co.uk

[H2] Consultancy

[H2] Accountancy Practice Sale Consultancy

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[H2] Consultancy

If you are considering selling or buying an accountancy practice, then our Accountancy Practice Brokers would be delighted to help you with accounting practice sale consultancy and provide you with various options at your disposal. These include:

[H2] Outright Sale

[H2] Deferred Sale

[H2] Retirement Merger

[H2] Outright Sale

With of years experience in the accountancy field our accountancy practice broker will fully understand what you are looking to achieve from your sale or merger.

[H2] Our Consultancy Services

Our Accountancy Practice Broker will be happy to visit you and work through your existing business to provide you with a better idea of how much your accountancy practice is worth and the various payment terms.If you are weighing up the options of handling a sale yourself or using a specialist accountancy practice consultancy there are a number of benefits of using a consultancy approach:

Invaluable experience of the accountancy practice sales arena

Help source a suitable accountancy practice to sell to

Make the process proceed smoothly critically removing disruption from your existing client base

We have a list of practices that are actively seeking practices such as yours to purchase which can also make for a much faster transaction as much of the groundwork will have been covered

[H2] Services

[H2] Accountacy Brokering Services

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[H2] What We do

[H4] Our service offers a range of features that we believe makes us a leading choice when it comes to employing a relevant, dynamic agency to sell your accountancy practice:

Free consultancy at your premises
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Practice valuation
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Discussion of options and timescales
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Targeted marketing
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Introduction of a short list of practices
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Screening of enquiries
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Arrangement of initial meetings
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Review of offers
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Liaison with both parties during negotiation
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Helping with the preparation of legal documentation
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Liaison with solicitors
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Out of hours contact
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[H2] Years of Experience

Once appointed we will take the time to fully understand your business and what you are looking to achieve from your sale or merger. With years of experience in the accountancy practice field we fully understand what you are discussing with us. Contact us today.

[H2] Database of Buyers

We have an existing database of Buyers who are looking to take on board opportunities that are available in this current market and are ready to discuss your individual requirements with you.

[H2] FAQs

[H2] Selling an accountancy practice

Book A Free Zoom Meeting

If you are thinking of selling an accountancy practice then Bains Watts & Co can help. Our specialist broker would be delighted to take you through the various options at your disposal when considering buying or selling an accountancy practice.Our specialist broker will fully understand what you are looking to achieve and the current marketplace.Below is some helpful information regarding the buying and selling process however for a more detailed insight contact us today on 0800 774 7281

Accountancy practice value / worth
How much are you looking to receive / pay for the accountancy practice is a key question. For the smaller practices with turnover over of around £200,000 the normal rate is around 1 to 1.4 of the annual turnover / fees. For larger practices above this annual billing rate, the final fee will be more influenced by overall profitability.How much is your practice worth in the current market conditions? Of course any business is only worth as much as another practice is willing to pay for it though the parameters above are a solid guide to the value. We are able to provide a ball park valuation from early conversations.If this is satisfactory and you wish to proceed with discussions with possible suitors we will undertake a more detailed valuation on your behalf providing a written valuation of your client base, goodwill and annual revenue.Within these discussion we can then take the proposal forward to the market and establish quality suitors for the business and a price that meets your agreed expectations.If we are negotiating between a number of parties then the price will be at the upper end of the scale of course.

Payment Method
Accountancy practice sales / purchases are normally an outright purchase via a capital payment. We do not normally recommend the earn out process of using the practice profits to fund the sale.

Anonymity of Sale
We will keep the anonymity of the vendor / acquirer until we are sure that each party is serious about the process.We will provide as much detail to each party whilst witholding the identities, until each part wish to be introduced.

PI Insurance
Run Off PI Insurance is an industry requirement for six years and is cover for the seller in the event a customer brings legal action against the practice. If you are selling and do not currently have cover, this is something that will need to be put in place.

Can the Seller Retain Clients
If the vendor wishes to retain clients then this will become part of the overall package for negotiation. The seller will normally have to give guarantees that no further clients will be taken on board after the sale has gone through. This is undertaken in the sale agreement warranties.

Post Sale Hand Over Timescales
Normally the seller and buyer will arrange a time period to stay on and hand over the business for smooth running. Normally this period would only be a few weeks.

Work in Progress
Any work in progress at the point of sale will be handed over to be completed by the acquirer with the hand over period assuring natural and seamless progress for the customers. The amount of work in progress will be stipulated in the agreement with a figure of around 80% returned to the seller and the remainder retained by the acquirer.

Debtors
The seller normally collects the outstanding debts.

Clawbacks
Clawback is where an acquirer can make a claim for a negotiated period of time with regards the overall revenue and customer position. Any agreed shortfall can be taken from a following tranche payment. Arrangements within the warranty can provide bases for the selling practice for example if the fees are much higher in the purchasing practice which may cause erosion of the customer / revenue base.

Transfer of Undertakings Regulations (Protection of Employment Act 1981 (T.U.P.E.)
If there are planned redundancies following an acquisition, TUPE states that the acquirer cannot arbitarily make personnel redundant within the acquired practice. Similar conditions apply to the ability to change working practices and conditions of employment. We always recommend seeking professional advice from a qualified solicitor

Existing Premises
If the seller has an existing building either Freehold or Leasehold then we will negotiate between the two parties to come to a suitable arrangement.

How Long will the process take?
There is no quick answer as each sale / purchase is different. The average is normally 3-4 months though.

Finance
Occasionally, a transaction may require finance. We have knowledge of specialist Financiers who can provide the backing to make a transaction successful.

[H3] Thinking of selling your accountancy practice?
If you are thinking of Selling your accountancy practice, simply fill in the below enquiry form: We can call you back after office hours if you wish or call us now on 0800 774 7281* All matters are discussed in the strictest confidence