Fees up, profits down

Each year the National Association of Specialist Dental Accountants produces a profits report summarising the results of a sample of their dental clients. They look at principals and associates and analyse income and expenditure.

Principals

The figures in the report represent accounts with year ends up to April 5, 2010 and the key results were as follows:

Associates

Associates saw a reduction in their average gross earnings of around £2k. The average gross earnings are £84,648 per associate after deducting the payment to principal. The same figure was £86,651 in 2009. As a result the average net profit per associate has reduced to £71,064 from £72,988 in 2009.

Despite the reduction in the associates average earnings, practices with associates' continue to be more profitable than those without. The average net profit per principal for a practice with associates is £148,408 compared to the average net profit per principal for a practice without associates which is £118,992.