PRACTICES FOR SALE

About this Practice

Location: Lancashire – 859

Headline Points:

  • Bills Delivered obtained from Internally prepared Management Accounts for the period 1st July 2023 to 30th April 2024, £568,457

– Aged Debtors as at 30th April 2024: £43,809.  Work-In-Progress is in the order of £159,000

  • Bills Delivered obtained from Internally prepared Management Accounts for the Year Ended 30th June 2023, £601,761 with good profits.

  • Business to transfer to the Successor practice on a ‘cash-free, debt free’ basis.

  • Current Work Types – obtained from professional indemnity insurance proposal form 2023/2024:

1 Children, Family, Mental Health 80.00%
2 Matrimonial 19.00%
3 Trust, Wills & Probate 1.00%
100.00%
  • Circa 85% of fee income is derived from Legally Aided work.

  • Legal Aid franchises in Mental Health, Child Care and Family work

  • Very low Professional Indemnity Insurance premium.

 

  1. Goodwill, Work-In-Progress, Furniture, Fixtures, Fittings, Equipment and Library – Offer invited.

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