Healthcare: Case Study 1


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

Our Approach

  • Cashflow projections for partnership buy-out and incorporation, including tax and working capital requirements
  • Workshop with Practice Manager and Principal to understand current processes and operational objectives
  • Handled company set up including Companies House and HMRC registrations
  • Software driven approach to automate financial data capture

The Benefits to the Client

  • Liaised with lawyers on partnership dissolution and business transfer agreement to new company
  • Handled company set up with Companies House and HMRC registrations
  • Assisted with transfers of bank accounts
  • 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
  • Set up dedicated e-mail address for suppliers to send electronic purchase invoices – linked to cloud based bookkeeping software

The Plus Factor in Action

  • We helped our client make money by allowing them to produce accurate performance data enabling them to maximise surgery utilisation and minimise costs
  • We saved our client time by minimising the amount of time they would need to spend on day to day bookkeeping
  • We gave our client peace of mind by giving them real-time visibility of their finances and future cashflows
  • We supported them now and in the future by providing low cost accounting software solutions capable of supporting them to make key strategic decisions for the Practice
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