About this Practice
Location: NW London
This well run, long established two partner law practice undertakes a variety of work – all privately paid and to include:
- 43% Residential Conveyancing
- 15% Commercial Conveyancing
- 23% Landlord & Tenant
- 12% Wills, Trust, Probate and LPA’s
- 3% Litigious
- 2% Non Litigious
- 1% Commercial / Corporate
- 1% Commercial Litigation
The practice places a huge importance in building and establishing client relationships.
Consultancy required by the two equity partners.
Figures extracted from Year End Accounts:
| Year End: 31st March | 2020 | 2019 | 2018 | ||||
| £ | £ | £ | |||||
| Turnover | 1,412,148 | 1,551,021 | 1,565,963 | ||||
| Less Expenses | 1,196,514 | 1,334,972 | 1,340,412 | ||||
| Net Profit | 215,634 | 216,049 | 225,551 | ||||
Figures below are extracted from internally prepared Management Accounts for the Year Ended 31st March 2021:
| £ | ||||
| Fees Receivable (incl Searches) | 1,279,930 | |||
| WIP Movement | -62,114 | |||
| Deposit Interest Receivable | 9,973 | |||
| Commissions & Other Income | 62,571 | |||
| Total Income | 1,290,360 | |||
| Less Expenses | 1,047,543 | |||
| Net Profit before drawings | 242,817 | |||
Estimated Work-In-Progress, c £390,000.
Premises not included in sale/transfer of the practice.
Serious Offers/Proposals Invited.
