Location: Surrey – 906

Headline Points

1. Financial Overview (Indicative Summary)

– Period: 1 April 2025 – 28 February 2026 (internally prepared Management Accounts and hence figures subject to change)
• Fee income: c £1,126,000 with excellent Profits
• Work-in-Progress (WIP): c £80,000
• The company has no debt

– The business is offered on a cash-free, debt-free basis

– Fee income net of disbursements for the Year Ended 31 March 2025, c £1,100,000

– Fee income net of disbursements for the Year Ended 31 March 2024, c £1,084,000

– Fee income net of disbursements for the Year Ended 31 March 2023, c £974,000

2. Professional Indemnity Insurance

– Professional Indemnity Insurance is in place for the period 1 April 2025 to 30 September 2026 (18-months).
– Limit of Indemnity: £3,000,000
– Total premium: £36,795.34. Paid in full for the Year

3. Operations & Compliance

• Current live files: circa 256. Broken down as follows – circa figures:
– 71.16% Financial Remedy
– 12.50% Private Child Arrangement
– 6.73% Divorce & Dissolution
– 4.81% Family General
– 1.92% Domestic Agreement
– 0.96% Domestic Abuse
– 0.96% Separation
– 0.96% Miscellaneous

4. Staff

• Headcount: 8
– All employed members of staff will transfer in accordance with TUPE regulations, i.e: on existing terms and conditions.

5. Proposed Terms – Sale / Transfer etc to Successor Practice

i. Consideration:
• Goodwill, WIP, furniture, fixtures, fittings, equipment – Offer invited

ii. Consultancy – available from the outgoing partners

Excellent Opportunity!