Northern Ireland practice sales ‘buoyant’
by Guy Hiscott
The dental practice sales market across the whole of the UK has been relatively stable over the last quarter, according to the latest quarterly goodwill survey from NASDAL (National Association of Specialist Dental Accountants and Lawyers).
However, the market in Northern Ireland seems to be quite buoyant according to Paddy Miscampbell of Belfast-based NASDAL accountants, Miscampbell & Co. ‘There seems to be a lot happening in the market. While perhaps not attracting the prices paid in the London area, it is not atypical for values of up to 100% of goodwill to be achieved.
‘The dental corporates are making their mark – perhaps they see the Northern Irish market as value for money?’
NHS v private v mixed
Across the UK the survey showed a steadiness in the overall market although the average goodwill value of 109% of turnover is considerably up on the start of 2014. NHS practices were sold for an average goodwill value of 125% with a range of 51-209%. Private practices fetched an average goodwill figure of 81% with a range of 15-135%. Mixed practices sold for an average of 115% of goodwill with a range of 20-202%.
The goodwill figures are collated from accountant and lawyer members of NASDAL on a quarterly basis in order to give a useful guide to the practice sales market. These figures relate to the quarter ending 31 July 2015.
Dentists are reminded that as with all averages, these statistics should be treated as a guideline only.
