Creating a Dental Group

Creating dental groups can generate great synergies and deliver improved profits. It can allow investment into greater facilities or the addition of dental specialisms or create center’s of excellence. 

Developing dental groups brings its own challenges. Establishing a vision for the practice is just the start, acquiring practices in the right locations and ensuring those businesses are a strategic fit. Starting up a new venture for private care needs to be in a location where there is patient demand. Keeping and retaining quality staff in a competitive market will depend on the working environment you create, and the training and progression offered over and above your competition. Recruiting head office staff and agreeing remuneration packages and employee share schemes can be an important milestone as the group grows. Modern and progressive systems must support your administration and patient care and all of this needs to be balanced in a commercial environment that generates profits for continued investment and the remuneration of the shareholders.  

At bennettbrooks we help you facilitate a financial environment in which you can flourish. From guiding through the due diligence processes and business plans, exposing risk to facilitate the right decision processes. Cashflows will determine funding requirements and support applications to lenders in the format they require. Determining the right business structures and vehicles that protect what you already have and create efficient tax environments.

Time is money is a phrase that was never truer during an acquisition process, having multiple sets of accountants and lawyers (let alone the time taken by your own staff) needs to be led by people you can trust. To push through these acquisition processes, to drive out the details to be negotiated and to deliver the conclusion of a deal once the relevant agreements have been reached. Our experience allows us to quickly get to the crux of matters and to facilitate agreements that will meet all your requirements.

Running a dental group means you need accounts that you (and your stakeholders) can trust, you will need support on tax advice, on tax efficient remuneration and to ensure you remain compliant with HMRC and wider government legislation.

Whether it’s a confidential payroll bureau solution to give you peace of mind on the remuneration of your staff, or advice on how your business might float under an IPO, bennettbrooks have the full range of advisory solutions that you require and our dental sector advisors have many years of experience in your sector. 

For advice on how you might grow your dental group or tax advice on how best to structure your organisation call us today to hear from our experienced dental sector professionals or click here and fill in the form. Our first meeting is always free!