Play all audios:
The latest statistics from NASDAL (National Association of Specialist Dental Accountants and Lawyers) in its quarterly Goodwill Survey suggest that goodwill may be on the slide. The quarter
ending 31 July 2023 saw a market that is steady but perhaps seeing signs of a slow down. Goodwill values were at 145% as a percentage of gross fees - similar to the 151% of the previous
quarter. Private practice values were at 150% as a percentage of gross fees - up slightly from 145% in the quarter ending 30 April 2023. However, mixed practices saw quite a drop compared to
the previous quarter - 132% as a percentage of gross fees compared with 160% previously. ‘DEALS DOWN ON 2022' Mike Blenkharn, Partner and Head of Dental at UNW LLP who compiled the
goodwill survey commented: ‘I would certainly say that deals are down compared with 2022. We have entered a quieter period of the practice sales market. Indeed, our last three goodwill
surveys have all shown a downward trend. I believe that this is down to a number of factors - the biggest being the increased interest rates and not just in regard to the cost of business
borrowing but also that of personal borrowing; in particular mortgages. ‘There is still interest in those NHS practices with high UDA rates and NHS values are likely to remain steady above a
certain baseline level. And, as ever, good practices sell quickly!' The goodwill figures are collated from accountant and lawyer members of NASDAL in order to give a useful guide to
the practice sales market. These figures relate to the quarter ending 31 July 2023. NASDAL reminds all that as with any averages, these statistics should be treated as a guideline only.
RIGHTS AND PERMISSIONS Reprints and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE Latest NASDAL Survey results - goodwill on the slide?. _BDJ In Pract_ 36, 7 (2023).
https://doi.org/10.1038/s41404-023-2238-9 Download citation * Published: 04 December 2023 * Issue Date: 04 December 2023 * DOI: https://doi.org/10.1038/s41404-023-2238-9 SHARE THIS ARTICLE
Anyone you share the following link with will be able to read this content: Get shareable link Sorry, a shareable link is not currently available for this article. Copy to clipboard Provided
by the Springer Nature SharedIt content-sharing initiative