The firm required funding to support the acquisition of another accountancy business. This wasn’t money being borrowed speculatively for general growth. There was a real transaction behind it, supported by agreed Heads of Terms. The accountancy practice could proceed with the acquisition without having to fund the entire purchase from existing cash reserves. It gave the business the ability to acquire additional recurring fee income while retaining capital inside the practice for ongoing operations.
Buying another accountancy practice can transform a firm overnight. It can also create a funding requirement that doesn’t fit neatly into the way a traditional lender assesses an ordinary business loan.
That was the situation facing one established accountancy practice when an acquisition opportunity arose.
01
The requirement
The firm required funding to support the acquisition of another accountancy business.
This wasn’t money being borrowed speculatively for general growth. There was a real transaction behind it, supported by agreed Heads of Terms.
02
The challenge
Practice acquisitions need to be understood differently from ordinary capital expenditure. A significant part of the value being acquired may sit in the client bank, recurring fees, goodwill and the future earnings of the practice rather than machinery or traditional physical assets.
The funding therefore had to be considered around the commercial logic of the acquisition and the ability of the enlarged practice to service the borrowing.
03
The structure
We presented the acquisition as the transaction it actually was rather than simply submitting a generic business-loan application.
The Heads of Terms and acquisition rationale were provided to support underwriting and the case was worked through to completion. A facility of £137,500 was arranged.
04
The result
The accountancy practice could proceed with the acquisition without having to fund the entire purchase from existing cash reserves.
It gave the business the ability to acquire additional recurring fee income while retaining capital inside the practice for ongoing operations.
What our clients say
Simon has raised a large level of funds for me on numerous occasions to assist me in the growth of my business through acquisition. He has never let me down when many others have, and I’m always amazed how he comes up with funding so quickly and efficiently.
Quick enquiry
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Can a professional firm borrow without much physical security?
Often, yes. Lenders that understand professional firms look at fee income, client relationships and the strength of the practice rather than machinery or stock. See funding for professional practices.
Is this a real transaction?
Yes. Every case study on this site is a transaction we arranged and saw through to completion. Client details are anonymised, and we only publish what we can verify: we never invent figures, rates or outcomes.
Do you lend the money yourselves?
No. Smart Funding Solutions is a credit broker, not a lender. We search a panel of 300+ lenders, present your case to the ones whose criteria fit, and manage the application through to completion. The lender makes the final decision and all finance is subject to status.
What does it cost to talk to you?
It is free to enquire and there is no obligation. Any broker fee is disclosed separately before you proceed, and there is no obligation to accept an offer.
Your business
Could this structure work for your business?
Every case is assessed on its own merits. These pages explain the finance used here and what lenders look at.
Client details are anonymised. Every case is different and past results don't guarantee future outcomes: lenders set their own criteria and all finance is subject to status.
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£100,000
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£92,000