With the high values of dental practices we encourage purchasers to instruct an independent valuation of the practice and as such undertake a large number of dental practice valuations for purchasers. Not only does this provide the necessary re-assurance of the value but will also confirm the breakdown of goodwill and equipment which is important for future tax reliefs.
We will submit an application to multiple banks on your behalf. This includes financial details for your target practice and a summary of your personal financial position. We will assist your negotiations with the banks to ensure you get the best rates and terms. As we are NACFB members no charge is generally made for this service.
Our in-house legal firm will guide you through the complexities of a purchase, including; the collection of practice details (due diligence), protect you by including warranties in the sale purchase agreement, guidance on the CQC application and NHS transfers. We offer competitive fixed fees and a truly hand holding service.
When purchasing a dental practice most people will review the competency of their accountancy. Having an accountant who understands dental practices is highly recommended and with in excess of 500 dental clients PFM Dental Accountancy is perfectly placed to help. We offer competitive fixed fees and one of the most comprehensive accountancy services.
The banks will require various insurance policies to be in place as a pre-condition of your loan. This usually includes life cover and confirmation from an independent adviser that you have 'adequate' income protection insurance. We will provide the necessary advice to ensure you have the correct policies in place at the most competitive premium.
Surgery Insurance (likened to a comprehensive buildings and contents policy) for the practice will be required and includes legal requirements such as employers liability and public liability insurance. PFM will provide you with competitive quotes via a number of different insurers on your behalf. We will also advise on practice expenses cover.
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PFM helped me buy the practice I was working in as an associate. Martyn undertook a valuation giving guidance to the value, arranged the finance with the banks and their accountancy department produced forecasts. There legal team then ensured that everything was expected. I couldn’t recommend your services any more. Thanks