Dental Corporate Groups
As a leading firm of Chartered Accountants and Business Advisors dedicated to the Dental sector, we are in a perfect position to help Dental Corporate Groups, with their needs. Our services designed for Dental Groups are thorough and cover the whole area of accountancy and tax management and planning. We can assist groups with their whole back-office function. If you are seeking any of the following please get in touch:
- Advice on tax and group structures
- Assistance with financial and management reporting
- Setting up a finance function that will be easy for you to manage across multiple sites
- Advice on how to grow the profits of your group
- Group tax planning
- Acquisition and disposal of practices
- Business plans for investment and fundraising
Dental Group Finance Director Service
For the last 15 years, the Samera team have almost exclusively been working with Dental groups across the United Kingdom.
What do great practices and Dental groups do differently?
As accountants to many Dental practices, we have seen what the great practices do, but also what the not so great do too.
Whilst having a great team, strong marketing and clinical excellence is essential, one area often neglected is the financial management of the practice.
The great practices and Dental groups get this right and understand having a grip on the financials will pay long-term dividends, not just in the annual profits, but in the longer term value creation when the time comes to exit or retire.
Focusing on the Finances is now more important than ever
At Samera, we feel a focus on the finances is the key to unlocking real financial freedom from your business.
The Dental market is becoming increasingly sophisticated with new entrants with deep pockets entering the market. This presents an opportunity for star performing groups to maximise their exit value by having a real grip on the practice financials.
The Samera Dental Group Finance Director service is tailored to your unique business following our analysis and will provide you with key achievable targets and changes to make that will give you the results your desire.
Further information is available in the following pdf – Dental Group FD Service
Financial Due Diligence
Samera is a seasoned player in providing a due diligence service to buyers of dental practices. Our experts have combined experience of over 20 years in buying, selling and setting up dental practices. We understand the business of dentistry implicitly so can help you in assessing all the financial aspects of a dental practice.
Our approach is rigorous yet realistic as not all dental practices financial management systems are the same. We request key information in the form of checklists, and then run through in detail all aspects of the target practice financials.
We provide support in reviewing all financial and tax records, system reviews and overall business assessments. As we have extensive knowledge of dental practices and the issues they face, we know the areas to look for problems and of course then know the right questions to ask.
OUR APPROACH TO FINANCIAL DUE DILIGENCE OF A DENTAL PRACTICE
If you are a person or represent an organisation that is considering a deal then you need to ensure that you thoroughly check all the assumptions that you are making about that deal.
Financial due diligence can provide peace of mind to buyers, by analyzing and validating all the financial, commercial, operational and strategic assumptions being made. It can utilize past trading performances to form a coherent view of the future and confirm that there are no potential pitfalls involved in any transaction.
The key components in any acquisition due diligence of a dental practice are investigating, verifying and understanding:
- The financial affairs of the target practice, including valuations
- The market the practice operates in
- The commercial sustainability of the business
- The operational structure, including internal processes and systems
- Any synergistic opportunities or savings arising out of acquisition
- A sensible deal structure
Due diligence can also provide the framework for constructing a realistic strategic plan for the newly acquired business by highlighting and commenting on any inherent weaknesses or strengths, as well as identifying potential opportunities for new growth or exploitation of new markets.
We can help you if you are thinking of buying a business.Financial Due Diligence
Our financial due diligence service is tailored to suit individual deals, and will offer you an enhanced understanding of the target business. By highlighting critical success factors and pinpointing areas of value, we can help increase the likelihood of any deal achieving its objectives.
We can also advise you when it comes to structuring a deal. This advice can help you make important decisions safe in the knowledge that your personal circumstances and financial interests are best protected.
Mergers and Acquisitions
Merger and Acquisition decisions can be very intimidating and perplexing. It might seem like a good deal but without a proper assessment of the proposition, you might be inviting trouble.
To help you take the right decision, our experienced team of advisors will take you through a tested process whereby checks will be made to ensure smooth flow and positive results.
1) Detailed Review of the Proposition
2) Analysis of the practice/business current service and Structure
3) Designing of an implementation plan
4) Identifying any potential difficulties or abnormality in application
5) Constructing a robust operational and financial plan.
We will ensure that the above is executed and delivered. We have extensive experience and expertise in providing full support in terms of financial advice and transition plans.
To know more about mergers and acquisitions service, please get in touch with us.
The Samera team have been extremely active in advising Dental Body Corporates on accounting, tax and financial related issues.
Annual compliance work
Our team routinely deals with all relevant statutory requirements, including the preparation and filing of:
- Limited company accounts
- Corporation tax returns
- Company annual returns
- Dividend vouchers and minutes of meetings
As we deal with a vast range of Dental businesses across the UK, we have an up to database that enables us to compare and benchmark performance of each business, enabling clients to understand their performance better.
Samera Finance Director (FD) Service
Our Samera Finance Director service provides a full management accounting support service, with either quarterly or monthly accounts plus on-going added value advice. We provide all our clients on this service a dashboard report of their performance highlighting areas for change and improvement. This is our most popular service amongst forward thinking Dental Practices.
The Samera FD service enables your organisation to outsource the financial management aspects of the business to our expert team. This can be carried out for multiple sites in your organisation at a very reasonable fee.
Should you require payroll support, our experienced team will take care of your monthly and annual processing and reporting requirements. We provide payroll services to many Dental Corporates across the UK.
Refinancing, refurbishment, acquisition
As an active firm in the UK Dental sector we have a plethora of contacts that maybe able to provide financing for acquisition and expansion. We can help put strategic business and financial plans together.
Capital Allowance Claims
In addition, if you are looking to maximise capital allowances, we can help you ensure that your expenditure is managed in accordance with the tax calendar ensuring that you make claims for all the capital expenditure made.
If you are considering the acquisition of another practice, call on our expertise. We can advise on the purchase, carry out financial due diligence work and review the accounting issues within the sale and purchase agreement.
We are extremely well versed in advising investors and corporates in the Dental sector.
Through our Samera Finance Director (Samera FD) service we can provide Dental Corporates with a strong and capable finance function that can help you with managing your practice finances well to ensure your focus is on growing the Dental Corporate whilst ours is ensuring your financial affairs are well looked after.
We can provide the following:
- A monthly or quarterly management accounting function
- A statutory accounting function
- Corporate tax planning services
- Financial and graphical analysis of performers/associates
- Payroll services
- Accounts payable service
- Company secretarial services
Please get in touch if you need help in managing the financial affairs of your practices. We have extensive experience in managing multi-site operations.
Business and Practice Valuations
If you are looking to sell or buy any dental business, it is important to have expert knowledge and advice on valuations
At Samera, our approach is realistic yet practical. We carry out assessments to determine the actual market value of the business you are looking to sell or buy and based on the analysis, we present you with various scenarios helping you to take an informed decision.
Our team of experts also provide advisory services for matters related to taxation, financial valuation and statements, resolving disputes and more.
TECHNICAL VALUATION EXPERTISE
Our team, a group of Chartered Accountants and members of the ICAEW (Institute of Chartered Accountants in England and Wales) have more than 20 years of combined experience in providing business valuation services.
If you are planning to buy or sell a practice, our team will guide you through the entire process resulting in you gaining the maximum benefit from the transaction.
Our approach encompasses a whole range of technical valuation techniques including EBITDA multiples, Net cashflow, Turnover % and also Net Assets calculations.
As an experienced firm in the field of Dental Practice valuations for sale, as well as incorporation we are perfectly placed to help clients with valuations of practices.