DentaltownUK April 2017 - 76

Product Profile

with
Christopher Baker

NASDAL Annual Benchmarking Statistics - The demise of the
single-handed practitioner?

I

Left to Right: Alan Suggett, Media Officer of NASDAL, Ian Simpson, Compiler of the Benchmarking
Report, Andrew Lockhart-Mirams, Chairman of the
NASDAL Lawyers' Group and Nick Ledingham, Chairman of NASDAL at the BDA for the unveiling of the
latest Benchmarking Statistics Report

Chief Executive of the British Dental Association,
Peter Ward, gets the Q&A session underway

t seems that the single-handed dentistry
model may be a thing of the past in the UK.
The latest NASDAL (National Association
of Specialist Dental Accountants and Lawyers)
Benchmarking Report has just been released
and shows a decrease of almost 12% in profits
for single-handed practices in just two years.
In 2014 the average net profit per principal
in a single-handed practice was £119,732 and
by 2016 this had slumped to £105,914. This
compares with a figure of £138,511 average
net profit per principal in 2016 for a practice
with associates.
Ian Simpson, Chartered Accountant and a
partner in Humphrey and Co, which carries
out the statistical exercise said, "It seems that
with increasing costs in compliance and a
feeling that they are unable to increase their
fees, many single-handed practitioners are
taking the hit with a continued fall in their
profits.
As a 'compliance culture' continues
unabated, the future will be difficult for those
going it alone."
The report also saw average net profit per
principal at NHS practices increase by nearly
4% - from £129,265 in 2015 to £134,102 in
2016. "In previous years we have seen a time
lag effect of a year or so from a rise in private
practice profitability to that experienced by
NHS practices. We suggest that following
the rise in private practice profits in 2015, this
is again the case here," explained Ian.

Associates see profits slip - again
Associates have been used to their profits
flat-lining for more than a decade and the
2016 report showed no let up. Average profit
in 2016 (£67,389) was down by almost 1%

76

APRIL 2017 // dentaltownuk.com

on 2015 (£68,024) and in real terms
associates are considerably worse off than
they were in the Noughties. This is likely to
be down to market forces and with many
practices feeling they cannot increase patient
fees; the cost of paying associates is often the
next place to look.
The annual Benchmarking Survey
statistics are gathered from the accountant
members of NASDAL across the UK who
together act for more than a quarter of
self-employed dentists.
The statistics provide average 'state-of-thenation' figures so NASDAL accountants can
benchmark their clients' earnings and
expenditure and help them run their
practices more profitably. The basis of the
survey figures is 2016 tax returns and
accounts with year ends up to 5 April 2016.
Therefore there were no effects, adverse or
otherwise from the Brexit referendum.
Nick Ledingham, of Morris & Co,
Specialist Dental Accountants and Chairman
of NASDAL observed, "Whilst it is good
news to see success for the majority of the
sector, the increasing cost of compliance is a
cause for concern. The arrival of Making Tax
Digital will do nothing to allay dentists' fears
that they are victims of a system that doesn't
understand how they do business."
Also provided at the press conference
where the benchmarking results were
announced were the quarterly NASDAL
goodwill survey from Alan Suggett, specialist
dental accountant and partner in UNW LLP,
and a presentation on the 5 hurdles to clear
for a successful practice sale by Chairman of
the NASDAL Lawyers' Group, Andrew
Lockhart-Mirams. n


http://www.dentaltownuk.com

Table of Contents for the Digital Edition of DentaltownUK April 2017

Cover
Meet the Team
Mike Gow
Industry News
Howard Speaks
International Dental Show
Through the Keyhole: Surgery—Home and Away
What's on Dentaltown
Golden Nuggets
Continuing Education
BACD: Rise of Cosmetic Dentistry
3-D Printing
Google: Leading Cause of Truth Decay
General Practice: Message Board
Time Out
Probing Report
Eating Disorders
Physiotherapy in the Treatment of Craniomandibular, Craniofacial and Craniocervical Disorders
Prosthodontics: Message Board
Plan Z
Online Marketing
Product Profile
Finance: Message Board
Lifestyle Section
Student Section
Poll
The European Society of Hypnosis
Wish List
DentaltownUK April 2017 - Cover
DentaltownUK April 2017 - Cover2
DentaltownUK April 2017 - 3
DentaltownUK April 2017 - 4
DentaltownUK April 2017 - Meet the Team
DentaltownUK April 2017 - 6
DentaltownUK April 2017 - 7
DentaltownUK April 2017 - 8
DentaltownUK April 2017 - 9
DentaltownUK April 2017 - Mike Gow
DentaltownUK April 2017 - 11
DentaltownUK April 2017 - Industry News
DentaltownUK April 2017 - 13
DentaltownUK April 2017 - 14
DentaltownUK April 2017 - 15
DentaltownUK April 2017 - Howard Speaks
DentaltownUK April 2017 - 17
DentaltownUK April 2017 - International Dental Show
DentaltownUK April 2017 - 19
DentaltownUK April 2017 - 20
DentaltownUK April 2017 - 21
DentaltownUK April 2017 - 22
DentaltownUK April 2017 - 23
DentaltownUK April 2017 - Through the Keyhole: Surgery—Home and Away
DentaltownUK April 2017 - 25
DentaltownUK April 2017 - 26
DentaltownUK April 2017 - 27
DentaltownUK April 2017 - What's on Dentaltown
DentaltownUK April 2017 - Golden Nuggets
DentaltownUK April 2017 - 30
DentaltownUK April 2017 - 31
DentaltownUK April 2017 - Continuing Education
DentaltownUK April 2017 - 33
DentaltownUK April 2017 - BACD: Rise of Cosmetic Dentistry
DentaltownUK April 2017 - 35
DentaltownUK April 2017 - 3-D Printing
DentaltownUK April 2017 - 37
DentaltownUK April 2017 - 38
DentaltownUK April 2017 - Google: Leading Cause of Truth Decay
DentaltownUK April 2017 - 40
DentaltownUK April 2017 - 41
DentaltownUK April 2017 - General Practice: Message Board
DentaltownUK April 2017 - 43
DentaltownUK April 2017 - 44
DentaltownUK April 2017 - 45
DentaltownUK April 2017 - 46
DentaltownUK April 2017 - 47
DentaltownUK April 2017 - Time Out
DentaltownUK April 2017 - 49
DentaltownUK April 2017 - Probing Report
DentaltownUK April 2017 - 51
DentaltownUK April 2017 - Eating Disorders
DentaltownUK April 2017 - 53
DentaltownUK April 2017 - 54
DentaltownUK April 2017 - 55
DentaltownUK April 2017 - Physiotherapy in the Treatment of Craniomandibular, Craniofacial and Craniocervical Disorders
DentaltownUK April 2017 - 57
DentaltownUK April 2017 - 58
DentaltownUK April 2017 - 59
DentaltownUK April 2017 - 60
DentaltownUK April 2017 - 61
DentaltownUK April 2017 - Prosthodontics: Message Board
DentaltownUK April 2017 - 63
DentaltownUK April 2017 - 64
DentaltownUK April 2017 - 65
DentaltownUK April 2017 - 66
DentaltownUK April 2017 - 67
DentaltownUK April 2017 - 68
DentaltownUK April 2017 - Plan Z
DentaltownUK April 2017 - 70
DentaltownUK April 2017 - 71
DentaltownUK April 2017 - Online Marketing
DentaltownUK April 2017 - 73
DentaltownUK April 2017 - 74
DentaltownUK April 2017 - 75
DentaltownUK April 2017 - Product Profile
DentaltownUK April 2017 - 77
DentaltownUK April 2017 - Finance: Message Board
DentaltownUK April 2017 - 79
DentaltownUK April 2017 - 80
DentaltownUK April 2017 - 81
DentaltownUK April 2017 - 82
DentaltownUK April 2017 - 83
DentaltownUK April 2017 - 84
DentaltownUK April 2017 - 85
DentaltownUK April 2017 - Lifestyle Section
DentaltownUK April 2017 - 87
DentaltownUK April 2017 - 88
DentaltownUK April 2017 - 89
DentaltownUK April 2017 - 90
DentaltownUK April 2017 - 91
DentaltownUK April 2017 - 92
DentaltownUK April 2017 - 93
DentaltownUK April 2017 - 94
DentaltownUK April 2017 - 95
DentaltownUK April 2017 - Student Section
DentaltownUK April 2017 - 97
DentaltownUK April 2017 - 98
DentaltownUK April 2017 - 99
DentaltownUK April 2017 - 100
DentaltownUK April 2017 - 101
DentaltownUK April 2017 - 102
DentaltownUK April 2017 - 103
DentaltownUK April 2017 - Poll
DentaltownUK April 2017 - The European Society of Hypnosis
DentaltownUK April 2017 - Wish List
DentaltownUK April 2017 - Cover3
DentaltownUK April 2017 - Cover4
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