DT News - UK - Practice valuations continue to rise

Dental Tribune International

Thu. 14 July 2016

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LONDON, UK: The latest quarterly report by the National Association of Specialist Dental Accountants and Lawyers (NASDAL) indicates that the average valuation for dental practices in the UK increased by another 13 per cent to 124 per cent goodwill last year, with mixed practices perceived as even more valuable than their NHS counterparts.

According to the report, mixed practices are now attracting an average valuation of 155 per cent goodwill, ahead of NHS practices, which are currently attracting 142 per cent goodwill.

Sales of practices have also increased, by 11 per cent, compared with mid-2014, the report stated.

The figures relate to the quarter that ended in April this year. They were collated from accountant and lawyer members of NASDAL in order to give a useful guide to the practice sales market.

“The market is still very buoyant and there is huge demand for NHS practices,” said Alan Suggett, specialist dental accountant and partner at UNW. “With 2018 being the earliest a new contract can begin and a more likely date of 2020 and beyond, many purchasers are happy to take the calculated risk.”

Reflecting on the potential effects of the Brexit, Suggett said that “banks are certainly letting it be known that they currently see it as business as usual”.

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