Sellers' market prevails
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- Published: Wednesday, 19 September 2012 11:39
- Written by News Editor
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The ratio of goodwill to fee income for the average dental practice sold in the quarter ending 31 July 2012 has increased in the latest National Association of Specialist Dental Accountants and Lawyers (NASDAL) goodwill survey. It has picked up by 10 per cent from 91% of turnover in the previous quarter ending April 2012 to 101% in the most recent collection of figures from NASDAL members. |
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Alan Suggett, a partner in UNW LLP in Newcastle upon Tyne who carries out the NASDAL goodwill survey, commented: “There is still upward pressure on goodwill values for most types of practice. Small and medium sized practices, both NHS and private, are in demand from associates who are, in some cases, desperate to own practices, and larger NHS practices are sought after by venture capital backed dental corporates.
However, Ray Goodman, of Goodman Legal commented: “The market may be buoyant but we are still seeing the effects of the recession. The length of time it is taking to sell a dental practice continues to grow because of the difficulty in securing loans from highly cautious lenders and also because of non-specialist advisors operating in the marketplace."
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