Average goodwill values beginning to level off
Average practice goodwill values in the UK have begun to level off after rising by 4% in the latest NASDAL survey.
The survey has also started to show a geographical divide, with some NHS practices achieving 200% of gross fees in London, the south east, Birmingham and Manchester, but not experienced in northern areas of the UK.
‘In general the market still seems to be in rude health,’ Alan Suggett, specialist dental accountant and partner in UNW LLP who compiles the goodwill survey, said.
‘Nonetheless, I am hearing that in many areas the lack of associates means that contracts are becoming difficult to fulfil and therefore those practices become less attractive.
‘There may be a Brexit factor at play too as many roles were carried out by EU nationals and the current political climate perhaps makes them feel less welcome in the UK?’
The latest goodwill figures relate to the quarter ending 31 July 2017.