Buying an Accountancy Practice in the UK: Complete Guide to GRF, ICAEW and Retention
Buying an accountancy practice in the UK: ICAEW/ACCA practising certificate rules, valuation at 1.0–1.3 times Gross Recurring Fees (GRF), AML and Practice Assurance due diligence, British Business Bank financing, and a 24-month integration plan to protect fee retention.
# Buying an Accountancy Practice in the UK: Complete Guide to GRF Valuation, ICAEW Rules and Client Retention Acquiring an accountancy practice in the UK is one of the most predictable acquisitions available to qualified buyers in the British SME market. Recurring fee income, multi-decade client relationships, and the regulatory framework of the ICAEW (Institute of Chartered Accountants in England and Wales), ACCA (Association of Chartered Certified Accountants) and AAT (Association of Accounting Technicians) make accountancy firms a uniquely stable asset class. But the apparent stability hide…