Goodwill survey results reveal a buoyant market

Market confidence is returning, according to NASDAL (National Association of Specialist Dental Accountants and Lawyers). That's according to their latest Goodwill survey for the quarter

ending 31 October 2024, which saw a big increase in goodwill values across the board. Overall, goodwill values were at 153% as a percentage of gross fees - a big rise from 113% in the

previous quarter. NHS goodwill values were up to 175% of gross fees - up from 129% in the previous quarter. Private practices were up too; from 111% as a percentage of gross fees to 143%.

Even mixed practice goodwill values which had struggled in recent times rose from 107% as a percentage of gross fees to 154% in the quarter. Mike Blenkharn, Partner and Head of Dental at UNW

LLP who compiled the goodwill survey commented: ‘These figures certainly do point towards the return of a buoyant market. The figure of 153% as a percentage of gross fees is strong and I

may expect the market to fall back a little from this in the next quarter. The figures illustrate the time lag that exists in dental practice sale data of around 9-12 months. This means

these numbers are reflecting 2023 and early 2024 when there was an explosion of activity. I believe that the market will stay strong if not quite at these heights.' Johnny Minford,

Commercial and Development Director, DJH Mitten Clarke and NASDAL Media Officer added: ‘We have definitely seen a bounce which these figures reflect but I agree with Mike that the time lag

means these are reflecting deals commenced twelve months ago. Since then we have had an increase in interest rates, an election and a knock on general business confidence. We may see a

flurry of activity before 31 March 2025 to avoid the tax changes.' RIGHTS AND PERMISSIONS Reprints and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE Goodwill Survey results reveal a

buoyant market. _BDJ In Pract_ 38, 70 (2025). https://doi.org/10.1038/s41404-025-3077-7 Download citation * Published: 10 March 2025 * Issue Date: 10 March 2025 * DOI:

https://doi.org/10.1038/s41404-025-3077-7 SHARE THIS ARTICLE Anyone you share the following link with will be able to read this content: Get shareable link Sorry, a shareable link is not

currently available for this article. Copy to clipboard Provided by the Springer Nature SharedIt content-sharing initiative