New Firms for Sale – 20th October 2021
in New Law Firms for Sale

New Firms for Sale – 20th October 2021

Click here for our regularly updated list of firms for sale.

Ref 100257 SW Wales

Solicitors’ Firm – sole practitioner based in South West Wales looking to retire. Turnover c£100k, profit margin c40%. Mix of work is Conveyancing (65%) and Wills & Probate (35%). Will bank of c1,000 wills. Firm and predecessors established in the area for over 50 years. Seller and/or assistant willing to remain on a part time basis to assist succession if required. PII £11k. No lender panels (arrangement in place with local firm if needed).

Ref 100259 Yorkshire

Specialist Wills & Probate Solicitors’ Firm looking for a sale. Sole practitioner with a turnover of c£50k. PII £3,800, 12 months insurance in place. No premises or staff. Local clients sourced via informal referral arrangements, word of mouth, website and local advertising. Retirement sale. Claims free history. Yorkshire location.

Ref 100260 South Wales

SRA regulated solicitors’ firm for sale as a shell. No clients, no assets or liabilities other than PII. PII £8k (primarily family and private client cover). £30k sale price.

Ref 100261

Family legal aid contract available for novation to another firm. Location confidential. Offers welcome.

Ref 100263 South East England

Limited company SRA regulated solicitors’ firm looking for a sale either as a shell or as a going concern. Established in 2005, the owner is planning to retire. Firm has been undertaking employment law work and PII is c£2k. No claims, no staff and no assets. Can be sold with or without existing clients. Owner will consider a 6 month consultancy if needed.

Ref 100264 London

London accountancy firm (ICAEW registered) looking for a sale or merger due to retirement of the two partners. Smaller sized well established practice with c.250 clients and c£220k GRF. Over 50% of clients have been with the firm for over 14 years. One partner prepared to remain for up to two years if required. Small staff team (employed and self-employed), offices available if required.

Ref 100265 London

SRA regulated LLP for sale. No clients. Sale due to ill health. Most recent/current PII premium £4400. PII needs to be renewed by the buyer. The LLP has circa £495K in tax-deductible losses which may be used by the buyer to reduce their tax liabilities. The LLP has also a circa £500K loan from the LLP’s partner which may be used by the buyer to reduce tax liabilities. (NB the statements above have been made by the seller and do not constitute tax or investment advice by TP Recruitment Limited).

If interested please reply to this email.

An updated list of firms for sale is available on our website here: https://www.jonathanfagan.co.uk/law-accountancy-firms-for-sale/

Kind regards

Jonathan Fagan
www.jonathanfagan.co.uk