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Ben talks to Jenny Stone, an accountant with a firm which has considerable experience in advising and supporting practices through mergers. She explains the steps that practices have to take and exposes some of the hidden difficulties that merging practices can experience.

Show Notes

Jenny outlines the experience of her company (55secs)

Considering a merger (1min 11secs)

The drivers for merger (2mins 05secs)

Are merged practices more profitable? (2mins 46secs)

What to focus on to achieve real financial benefits (3mins 14secs)

Taking steps to merge (4mins 08secs)

Options for practices with differing contracts (5mins 15secs)

Looking at the accounts early on (6mins 34secs)

Is profitability a deal breaker? (7mins 41secs)

Working with differing accountants (8mins 43secs)

TUPE – the next steps (9mins 31secs)

The role of practice managers (10mins 17secs)

The next steps and early stages of the merger (11mins 06secs)

Support for practices (12mins 25secs)

Transitional costs (12mins 59secs)

The costs of handing back the list (14mins 01secs)

Preparing for the worst (15mins 24secs)

Partners becoming more involved in the business (16mins 01secs)

Advice for partners – set a budget (16mins 58secs)

You can contact Jenny via info@ramsaybrown.co.uk (18mins 38secs)