Category Archives: Finances

NASDAL results show growth in private practice profits.

NASDAL – the National Association of Specialist Dental Accountants and Lawyers – today released their analysis of client figures for the year ending April 2015. Full report in Dentistry Online here. Key points are: The UK dental market has continued to grow at a rate of around 4.4% with relatively unchanged costs and a prolongedContinue reading “NASDAL results show growth in private practice profits.”

Does this apply to (some) dental corporates?

I read the obituary of Sir Adrian Cadbury in the weekend FT. After a distinguished career as an athlete, businessman and administrator he has died aged 86. Long after he left the firm, that was named after his ancestor John Cadbury, the company was controversially taken over by Kraft in 2009. He and his youngerContinue reading “Does this apply to (some) dental corporates?”

Demand and not profitability dominates dental practice values – says NASDA

Demand and not profitability dominates dental practice values says the most recent bulletin from UNW Dental Unit. The latest NASDAL quarterly goodwill survey, for the quarter ending 30th April 2015, indicates that prices achieved on the sale of some dental practices are more indicative of high demand than the profits that can be achieved. TheContinue reading “Demand and not profitability dominates dental practice values – says NASDA”

NASDAL figures for 2013-14

An interesting analysis from the financial year 2013-14 from NASDAL via Alan Suggett and his team at UNW Business Unit. I’ll be interested to see 2014-15. The 2014 NASDAL benchmarking survey of practice Profit & Loss information was published last month. A report of the findings appears later in this UNW Dental Bulletin. Each yearContinue reading “NASDAL figures for 2013-14”

The Weekend Read – The One-Page Financial Plan by Carl Richards

I was listening to a conversation last week at a meeting where I was presenting about the collection of trinkets that seems to afflict dentists, a form of “keeping up with the Dr Joneses” emerges at conferences and meetings with people trying to outdo each other in cars driven, holidays taken, business loans obtained andContinue reading “The Weekend Read – The One-Page Financial Plan by Carl Richards”

Practice Prices, will it end in tears or with an adjustment?

From Dentistry.co.uk The latest goodwill figures from NASDAL show that the average price paid for all dental practices is 100% of turnover with NHS and mixed practices still commanding higher than average values. The survey for the quarter ending 31 October featured the sale of 60 practices where a NASDAL lawyer or accountant had beenContinue reading “Practice Prices, will it end in tears or with an adjustment?”

Of money, scissors & expensive lessons…..

Like most people I carry way too much plastic and not just reward & membership cards. Like most people (according to all the stats that I read) I use them far too much, so a change had to come. Having just cleared all our debts (one “small” mortgage excepted) it was time to rid myselfContinue reading “Of money, scissors & expensive lessons…..”

Diary of a Business Consultant #1

An occasional series to prove that this life has its ups and downs too. Just rang the PG department at XXXX Hospital to chase my payment. Conversation along these lines: B’ness Consultant – “Hello my name is Alun Rees I did a presentation for a dental group at your hospital post-graduate centre in August” NHSContinue reading “Diary of a Business Consultant #1”