Goodwill Values Continue to Out Perform NASDAL Survey
20-10-2015The ranges reported in the NASDAL survey show the inherent risk of taking averages – the country has such a wide and varied range of goodwill values it is always important to treat your own practice as individual. There is a recurring theme as I compare the NASDAL results to those achieved by Frank Taylor … Continue reading “Goodwill Values Continue to Out Perform NASDAL Survey”
Quick access to information can make all the difference!
17-09-2015We know there’s a lot of competition when looking to buy a practice and serious buyers are no doubt well aware of how quick they need to move for the most desirable of practices given the current market. We currently have over 4,300 dentists registered with us so for those who want to make buying … Continue reading “Quick access to information can make all the difference!”
Selling your practice? 5 things to think about.
10-09-2015So you’ve decided to sell your practice? You’re moving to a new area? Retiring? Fancy a change? Although each seller may have a different reason for selling; the end result remains the same. To maximise the sale price and have the process as stress free as possible. So before you sell your practice, consider the … Continue reading “Selling your practice? 5 things to think about.”
Not for the Fainthearted!
08-09-2015Right now, you are heading towards The Pension Regulator’s list of non-complaint firms. There is a clear process and immediate fines for businesses that are operating illegally. If you receive a letter – here’s what you’re in for: A fixed penalty notice of £400 for a breach of the law Further escalating penalty notices with … Continue reading “Not for the Fainthearted!”
Workplace Pensions – Do you know the Answers?
18-08-2015When considering which scheme is right for you there are a few critical questions you need to know the answers to or you could be heading towards an administrative nightmare. Who offers pensions and who will offer you one? What do the different types of pensions do? How do you choose the right pension? How … Continue reading “Workplace Pensions – Do you know the Answers?”
How to Make a Winning Offer
05-08-2015So, you view a practice and like it – in fact like it so much you want it. You put in an offer (along with many others such is the market). All going to plan so far. As there are multiple offers made you are invited to place a ‘sealed bid’. A sealed bid is … Continue reading “How to Make a Winning Offer”
Workplace Pensions – The Essentials
29-07-2015As an employer, you will be well aware of Workplace Pensions. If not then you can get more information here and we would strongly urge you to do so as you could be staring in the face of an immediate £400 fine. In short it means that as a practice owner you have a legal obligation to … Continue reading “Workplace Pensions – The Essentials”
Discover exactly what you need to know before selling your practice
15-07-2015Plan in advance – I often speak to principals who have booked their celebratory holiday even before getting their practice valued. Succession planning is vital and ideally you should be considering your options at least three years in advance. Always get a valuation – even more so if you are approached privately – do not … Continue reading “Discover exactly what you need to know before selling your practice”
Are you prepared?
02-07-2015If you are starting to consider succession planning and have a leasehold practice you really need to ensure the terms and conditions of the lease are fit for a sale. We see more practices come to the market as leasehold and whilst banks are happy to lend against a lease they do insist the lease … Continue reading “Are you prepared?”
Market Update on the NASDAL Survey
25-06-2015It is interesting to see that the latest NASDAL survey reports that demand and not profitability is driving dental practice values. There is no doubt that demand is incredibly high and has been for some time with no signs of this abating any time soon. It is also true to say that there are … Continue reading “Market Update on the NASDAL Survey”