Recently Sold Businesses

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Law firms and accountancy practices we have recently sold appear in this list.

Reference NumberLocationDescriptionStatus
100347LondonFor Sale – smaller sized ACCA accountancy firm (limited company) in the Heathrow area, with recurring fees in the region of c£100k. Mix of sole traders, limited companies, dividend income, quite a bit of rental property and property management work. Offers invited. Leased premises.Sold
100342South West EnglandEstablished SRA regulated sole practitioner law firm looking for a merger. Specialist family law firm with 86% family, matrimonial & children law and 14% wills, probate, tax & trusts. Portable firm without offices, the firm currently has a c£250k turnover. Clients nationwide as well as international. Very well known practice with an extremely good reputation for family law expertise. No claims, current PII is £3k. Merger sought, owner looking to remain involved.Sold
100339North West EnglandSolicitors Firm (ABS) with CQS accreditation & on a range of lender panels for sale. Shell firm with PII in place. Firm are consolidating two ABS law firms and this ABS is surplus to requirements, hence the sale. ABS established 16 years. Fantastic opportunity to acquire an ABS with CQS and lender panels already in place. Exceptionally rare to see on the market. No assets being sold with the company. Offers invitedSold
100331BerkshireShell law firm available for quick sale. Specialist Employment and Litigation solicitors’ firm looking for a sale or merger. SRA regulated limited company structure. Turnover c.£56k. Low PI cover. Owner willing to remain involved in the short term. Berkshire location but fully portable.Sold
100330LondonLondon based SRA regulated limited company solicitors firm for sale as a shell. No clients, assets or staff. PII premium is £9k. Mix of work when trading was 75% debt recovery, 20% immigration and 5% family. Sold
100327YorkshireA recently established CLC regulated limited company firm in West Yorkshire looking for a sale. No staff. Firm is 100% conveyancing with a balance of 80% residential and 20% commercial work. The firm can come with have a server, 5 computers, an industrial photocopier and the firm logo. No claims history. PII c£13K. Seller willing to stay on as a consultant after sale.Sold
100313LondonSE London Solicitors’ Firm (SRA regulated partnership) looking for a sale/merger/disposal. £1.2 million turnover, solicitor and support staff team for TUPE, mix of work is 40% conveyancing, 13% wills & probate, 12% matrimonial, 35% litigation including property (landlord clients). Huge scope for expansion particularly in conveyancing, family and private client work, with firm currently turning away private client matters. 3-3,500 will bank. Firm located within 15 minutes of London Bridge with very few local competitors. Over 30 years old, the practice is CQS accredited with lender panel membership. Work referred by existing clients and recommendations. Owner prepared to stay on for up to 2 years post-sale, act as COLP & COFA and supervise the office if needed. Keen to ensure a smooth handover. Leasehold offices. All proposals considered.Sold
100312EssexSRA regulated partnership based near junction 26 of the M25 looking for a sale or disposal due to ill health. No staff for TUPE; salaried partner (conveyancing) prepared to stay on remotely if required. 60% conveyancing, 15% commercial property, 18% wills & probate, 5% employment work. PII £33k with no recent claims. Firm on lender panels for Halifax, Lloyds, Barclays & Nationwide and others. Fast move welcomed. Huge potential for expansion.Sold
100310South WalesVery well established solicitors’ firm in South Wales (partnership structure) looking for a sale or merger. High street offices (available freehold or leasehold) in very good market town location. £575k turnover, team of staff (fee earners and support staff) for TUPE. Clients via recommendation, website & walk ins. CQS & SQM accredited firm. Mix of work 42% property, 16% wills & probate, 16% litigation and 26% family & child care work. Firm has a legal aid contract for care work. Virtually full lender panel membership. PII £37k. Two partner practice with one partner looking to remain involved in the short to medium term.Sold
100299West MidlandsWell established specialist Family and Mental Health Law Firm looking for a sale. Turnover c.£200k. Mental Health and Family legal aid contracts. Smaller sized, sole practitioner plus team of fee earners & support staff for TUPE. Seller prepared to stay on as a consultant. Firm has family law and MHRT panel members. PII £4.3k.Sold
100295West MidlandsLEXCEL accredited West Midlands solicitors’ firm looking for a sale. Sole practitioner SRA regulated practice covering a range of work: 25% conveyancing, 10% immigration, 25% litigation, PI and family plus 30% wills & probate. Criminal law legal aid contract included, CQS application submitted. Leasehold office (3 years remaining). No staff for TUPE but small team of fee earners may stay on. Turnover £110k. WIP included in sale. Claims free firm, PII £5k – renewal due shortly. Seller looking for a clean break due to impending move abroad.Sold

Sellers FAQ's

Is my law firm worth 3 x my turnover? I’ve had a valuation from a third party business broker How long does it take to sell a law firm? Should I convert my sole practitioner law firm to a limited company? When is it a good time to sell my business? Can my business become stale if I put it up for sale and it stays on the market a long time? Are local competitors the best option for selling or merging a law firm? Sellers – which service should I use? Should I tell my staff I am planning to sell my firm? I have found a buyer or seller myself, but I want you to act as my adviser. Is this possible? I’m thinking of selling. What should I tell my PII broker? First steps for selling and exit strategies – can you advise? How do you allow for owner drawings when valuing a law firm? Where do I find a lawyer to complete my business purchase or sale? I’m fed up of running a law firm, can you help me? Do you provide accountancy practice valuations? What types of buyers purchase law firms and accountancy practices? If a buyer from another firm takes over my business, are they a successor law firm? What factors make for an easy sale? I have fallen out with my partner. Can I sell my share of the firm and what can I do to dispose of the practice and move on? I am a sole practitioner. Is my law firm worth anything? Do I need to tell my PII brokers that I am thinking of selling my law firm? How do we list our firm for sale or merger with you? What experience do you have that qualifies you to value or sell businesses? Do you vet potential buyers before sending them through to us? How long will it take to sell my business? What price should I put on my law firm for sale? What experience do you have of selling law firms and accountancy practices? Do you get involved in negotiations? How much is my business worth? Are business brokers regulated? How do I list my firm for sale? What is the usual process for the purchase of a law firm? What do I need to prepare in order to sell my law firm? Where can I find a guide to selling a law firm? Do you provide law firm valuations? Do you offer due diligence services? What fees do you charge?