Values edge upwards
Private dental practices in the UK have been in the doldrums but show signs of picking up, according to the NASDAL quarterly goodwill survey.
Alan Suggett, specialist dental accountant and a partner in UNW LLP, speaking at the annual NASDAL press conference, said that the survey showed that there was an increase in the value of mixed and private practices at the same time as a decrease in the value of an NHS practice.
Private practices were sold for an average goodwill value of 90 per cent of turnover so are still less attractive to purchasers than mixed or NHS practices – 134 per cent and 128 per cent respectively - but this figure was 2 per cent higher than in the previous quarter and 13 per cent higher than in April, 2014. Meanwhile, the value of an NHS practice was significantly lower than in the previous quarters.
Deals on private practices were in a range between 53-134 per cent of turnover whereas the range for an NHS practice was between 45 per cent and 229 per cent and for a mixed practice between 96-195 per cent.
Register now to continue reading
WHAT’S INCLUDED
-
Unlimited access to the latest news, articles and video content
-
Monthly email newsletter
-
Podcasts and members benefits, coming soon!