Completed sale
R & W Accountancy Services
Knightsbridge completed a quick, clean accountant-to-accountant sale for R & W Accountancy Services Ltd, delivering a cash-on-completion retirement outcome in under three months.
The Mablethorpe, Lincolnshire practice came to market with a clear brief: find a buyer already operating in accountancy and complete a straightforward sale for owner Susan Hallett.
Established in 2020, R & W had built a compact, relationship-led client portfolio around personalised support, clear advice and direct access to an accountant.
The business had around 80 domestic and commercial clients, with a strong proportion of turnover coming from existing relationships. It also benefited from limited local competition, a five-star Google rating and readiness for Making Tax Digital reporting requirements.
The appeal for the buyer was simple: an established client portfolio that could be integrated into an existing accountancy practice.
The fit was clear, and the opportunity drew 12 interested parties looking to meet the seller. Abraham Hoyle arranged the meeting between the seller and buyer.
Deal Executive Tom Lowe then negotiated the transaction through to completion, delivering the quick sale and clean structure Susan was looking for.
For Cobalt Accountants, the acquisition provides a relationship-led client portfolio with recurring work and an established local presence in Lincolnshire.
The Knightsbridge team wishes Susan every happiness in retirement, and every success to Cobalt Accountants as it takes R & W Accountancy Services forward.