Goodwill values decline in last quarter
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- Published: Saturday, 17 December 2011 20:07
- Written by News Editor
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The sale value of the average dental practice has fallen in the National Association of Specialist Dental Accountants and Solicitors (NASDAL) goodwill survey for the quarter ending July 31st 2011. It has dropped from 98% of turnover in the previous quarter ending April 2011 to 90% in the most recent collection of figures from NASDAL members. |
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Alan Suggett, a partner in unw LLP in Newcastle who carries out the NASDAL goodwill survey, commented: “Some very high value deals for large NHS practices are being done with the large chains which has an upward effect on the average. However, the market is far less predictable now than historically.”
He believes that there is a move towards more complexity in the valuations of dental practices, with a far wider range of factors taken into account by professional valuers. He pointed out that the average valuation percentage increased to 106% in the last quarter, a rise of 16% since the last survey.
Ray Goodman, Chairman of the NASDAL Lawyers Group, said that there seemed to be a slight softening in goodwill values although it was too early to tell whether this was a trend or another fluctuation. “Goodwill appeared quite settled at 100% but now the figures are lower and there seems to be more uncertainty.”
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