DT News - UK - Profits of private practices leap over those of NHS in 2015

Dental Tribune International

Wed. 23 March 2016

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LONDON, UK: For the first time in over a decade, private dental practices in the UK have achieved greater profits last year than their NHS counterparts. On average, profits in private dentistry increased to £140,129 per principal according to the latest figures released by the National Association of Specialist Dental Accountants and Lawyers (NASDAL), approximately £10,000 more than reported by NHS practices.

The last time private practices were more profitable was in 2004/2005. The leap is a direct result of an 8 per cent rise in fee income, compared with NHS practices, whose income through fees only grew by 4 per cent last year.

Overall, all types of practices experienced a sustained recovery of profitability in 2015 compared with 2014, according to Humphrey & Co. partner Ian Simpson, who presented the figures on behalf of NASDAL on Tuesday.

However, Associates’ profits decreased slightly last year and this could be attributed to increased insurance and subscription costs, he said.

“It’s positive to see that the UK dental market has continued to grow at a rate of around 4.4% with relatively unchanged costs and prolonged recovery in profitability,” NASDAL Chairman Nick Ledingham remarked.

The figures were collected through tax reports and accounts provided by accountant members of NASDAL across the UK. They are published annually in March and reflect the finances of dental practices and dentists for the most recent tax year, according to the association.

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