Preparing Your Practice for Sale or Succession (Dec 23)
Category: Company Law & Insolvency | Duration: 1hr | Tag: VODUK23ADD7 | Type: Video | Course Level: Need to Know | Speaker: Kevin Reed, Keith Underwood | Date: 14/12/2023 10:00
Course Details
The market for buying and selling accountancy practices has undergone huge change in recent years. Factors impacting it include: an influx of private equity investors; increasing practice digitisation; and practice owners looking to future-proof the value of their investment. This includes addressing issues around internal succession. This course outlines the key factors influencing smaller practices’ value; who will be interested in buying your practice; and the options available to you in the short and medium-term.
In this course Keith Underwood and Kevin Reed cover the following topics;
- Introduction to the market for accountancy practices
- Market conditions impacting sole practitioners
- Market conditions impacting 2-3 partner firms
- Market conditions impacting 4+ partner firms
- Commercial interest in your practice + don’ts and dos
CPD Course Speaker
Foulger Underwood Associates Limited
Kevin Reed
Kevin is working with Foulger Underwood to develop and promote content and ensure we are engaging with the professional communities we serve. An experienced journalist and writer, Kevin is the former editor of both Accountancy Age and Financial Director. As a freelance consultant he has worked for numerous finance publications and with corporate marketing teams, on content strategy and copy writing. Kevin also served for many years as chair of the judging panel for the British Accountancy Awards.
Foulger Underwood Associates Limited
Keith Underwood
A Director of Foulger Underwood, Keith qualified with a central London firm and worked for KPMG in London before taking up senior strategic planning, financial/business development and Managing Director positions in the UK and Asia. Keith has been a non-executive Director of a public company, ran an international company with over 700 staff operating in ten countries and sat on the Board of a number of International network groups in the service sector.
His experience with Foulger Underwood includes instigating and managing many mergers and acquisitions in the professional service sector in UK and Europe. Alongside this, his Consultancy work specifically looks to implement change in business models in the consumer and professional service sectors, to improve market positioning and profitability. Very interested currently in service line consolidators and disruptors seeking to establish new business models in the professional service sector.
The focus for Foulger Underwood to date has been accounting, wealth management and Financial Services. In addition, we cover fiduciary, trust companies, fund administration, recovery and corporate service businesses. Keith has presented on Strategy, Succession and M&A issues regularly for the ICAEW, Mercia, ACCA, UK200 and at a range of network/alliance seminars and conferences.
His experience with Foulger Underwood includes instigating and managing many mergers and acquisitions in the professional service sector in UK and Europe. Alongside this, his Consultancy work specifically looks to implement change in business models in the consumer and professional service sectors, to improve market positioning and profitability. Very interested currently in service line consolidators and disruptors seeking to establish new business models in the professional service sector.
The focus for Foulger Underwood to date has been accounting, wealth management and Financial Services. In addition, we cover fiduciary, trust companies, fund administration, recovery and corporate service businesses. Keith has presented on Strategy, Succession and M&A issues regularly for the ICAEW, Mercia, ACCA, UK200 and at a range of network/alliance seminars and conferences.