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This week has seen the release of the latest practice goodwill statistics from the NASDAL (The National Association of Specialist Dental Accountants and Lawyers) survey released. Perhaps rather aptly for the current political climate, the survey for the quarter ending 31st July 2018 shows a divided country with a huge disparity in practice goodwill values.

Across the quarter, NASDAL members acted for their clients in the sale of practices with a range of values between 47% of gross fees and 313% of gross fees. A wide range indeed. The headline figure for deals was up slightly – an average goodwill value of 136% of gross fees – a return to the level of the quarter ending 31st January 2018. Average valuations saw a big drop of 12% from the quarter ending 31st July 2018. NHS practices are still in huge demand with a significant number of sales in the quarter at considerably over 200% of gross fees.

NASDAL (National Association of Specialist Dental Accountants and Lawyers) has released its latest Benchmarking Report and it seems to show a gap in profits opening up between mixed practices and those that focus solely on NHS or private work. The report which uses figures from the financial year ending 5th April 2017 sees the average profit per mixed practice at £130,076 (per principal) – a level nearly £10,000 behind that of a typical NHS or private practice.