Number of Partners: Two, however, one holds all the equity/shares
Number of Assistant Solicitors: 16
Financial Year End: 5th April
Gross Income for the Year Ended 5th April 2020: c £3,200,000
Management Accounts for the period 6th April 2020 to 28th February 2021:
Gross Income: c £2,338,000 Net Profit c £690,000
Serious Offers Invited for the sale of Goodwill to include Furniture, Fixtures, Fittings, Equipment and Library. Work-In-Progress is in addition and payment of same is on an “as and when” basis.
Post sale/transfer of the business, the vendor requires consultancy for a minimum period of 5-years.
No Premium Payable for Goodwill, Work-In-Progress, Furniture, Fixtures, Fittings, Equipment or Library!
This well run two partner law practice commenced trading in 1989 and is situated in the county of Hertfordshire, but within the London (020) telephone area. The practice currently undertakes a variety of work – all privately paid and to include:
– c 70% Residential Conveyancing
– c 2% Commercial Conveyancing
– c 25% Wills, Trust, Probate and LPAs
– c 2% Landlord & Tenant
– c 1% Employment work.