Dental partnership improved finance systems in buy-out

Case Study1st Feb 2022


Related services

Our Client 

A Dental partnership going through a buy-out requiring a range of support services 

Our Approach 

  • Liaised with lawyers on partnership dissolution and business transfer agreement to new company 
  • Provided cashflow projections for partnership buy-out and incorporation, including tax and working capital requirements 
  • Hosted a workshop with the Practice Manager and Principal to understand current processes and operational objectives 
  • Handled company set up including Companies House and HMRC registrations 
  • Implemented cloud based accounting software, providing real time online access to financial data, including monthly management reports and Key Performance Indicators for Practice Manager and Principal
  • Provided integration of Dental Practice Management Software to cloud accounting software

The Outcome 

  • The client now has access to accurate performance data enabling them to maximise surgery utilisation, minimise costs and make informed strategic decisions 
  • Thanks to cloud accounting software, we minimised the amount of time they would need to spend on day to day bookkeeping, and they have real-time visibility of their finances and future cashflows 


Related services

Sign up to updates

  1. Blog9th Aug 2022

    Changes to Capital Gains Tax for separating couples

    Under the current Capital Gains Tax regime in the UK there are rules in place to allow for transfers of assets between spouses to be deemed to take place at no gain/no loss for Capital Gains Tax (CGT) purposes. That…

    By Jill Walker

    View more
  2. Blog27th Jun 2022

    Additional Dwelling Supplement – am I liable?

    From April 2016, the purchase of a second home not only brought a liability to Land and Buildings Transaction Tax (“LBTT”) but also to Additional Dwelling Supplement (“ADS”) which is a levy of 4% of the property price where that…

    By Jill Walker

    View more

Share this page