NASDAL report July 2019

It would appear there has been a “rebound” in NHS practice values over the quarter to 30th April 2019 after three successive quarters of reductions. Average goodwill value was 149% of gross fees, an increase from 118% in the previous quarter. A reminder that the highest point was 224% in July 2018.

Alan Suggett, a partner in UNW LLP said, “It is interesting to note that NHS practice values are back up – I wonder whether with Brexit/No Brexit looming, banks are looking for any kind of certainty that they can find. Anecdotally, I also hear that banks are keen on practiceswith a significant plan income – in uncertain times it is perhaps natural to cling on to any reassurance that one can find.

“There are still plenty of private equity backed corporates paying big money if your practice is in the ‘right’ place. However, if you are a single-handed practice with a small NHS contract value and low UDA rate in Cumbria or Cornwall, I wouldn’t hold your breath.”

I wonder if now would be a good time to turn ones back on the urban areas and look to a build a quieter life. serving a rural community where the pace of life will be slower and the cost of living lower? There’s no line for quality of life on a spreadsheet.

The NASDAL report is required reading for all dental business owners and wannabe owners. You can download it and subscribe to future editions HERE.

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