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our specialisms

Specialist Ophthalmic AccountantChartered AccountantsChartered Accountants

Valuations for Opticians' Practices

There are a number of ways of valuing an ophthalmic company or an optician's practice, depending on individual circumstances and the future income stream which may arise from the business concerned.

Businesses are valued either on an ‘assets’ basis or an ‘earnings’ basis. If an assets sale is to take place then up to date valuations are required for property and other assets of value together with an accurate balance sheet as to the liabilities of the company and the recoverability of its debtors. It always pays to review a balance sheet prior to sale such that any inconsistencies cannot be challenged by potential purchasers.

On an 'earnings' basis the valuation is completed on the basis of profits that the company can generate or is expected to generate on a recurring basis. Companies are frequently valued on a price earnings ratio and this is discounted to take account the fact that smaller unquoted companies in similar trades lack the public information which may exist for quoted companies and also future prospects.

The taxation implications of any sale always need to be considered both in terms of Corporation Tax within the company and in terms of the personal tax liabilities of the shareholders.

Invariably when a company is sold there are warranties to be given in relation to the company’s affairs and Morris & Co together with your legal advisers can ensure the entire sale process runs smoothly.

Morris & Co have a dedicated team specialising in VAT and ophthalmic accounts and are able to provide advice and guidance on all aspects of financial accounting, taxation including partial exemption & business matters.

For a FREE no obligation chat about your circumstances Contact Desirie Lea on 0151 348 8400 or email


  • "Over a number of years Morris & Co have provided me with sound financial and business advice. Their in depth knowledge of my particular sector has proved invaluable and they explain my accounts in a way that is easy to understand. All my questions are answered promptly and efficiently and I really appreciate their level of expertise."
    David Evans, R T Booth & Co Ltd
  • "When appointing an accountant it was very important to me to select someone who was not only knowledgeable but friendly and approachable. I have always received proactive, professional advice and I know that the specialist advice I require to run my business is only ever a phone call away. A VAT full cost and apportionment calculation was recently undertaken for my company. As a result of this, my percentages have reduced, thereby saving me additional money."
    Ian McGarvey, Ian McGarvey Opticians Ltd
  • "Having had dealings with Desirie Lea of Morris and Co from the very inception of my company, I have always been impressed with how approachable everyone has been, from the partners to the receptionists. I had spoken to several accountants before instructing Desirie to take charge of my accounts, and from the first phonecall, Desirie impressed me with her forthright manner and her perceptive analysis of various scenarios I put to her. She is always on the ball and is a pleasure to deal with."
    Lloyd Griffiths, Lloyd Griffiths Limited
  • "Desirie and her team have been acting on my behalf since 2002 and I am delighted with the service they provide. As specialists in the ophthalmic sector, they are able to take away the stress of dealing with the partial exemption calculations for VAT purposes, which is a real bonus. I have regular meetings with them at my premises to discuss strategic issues and plan for the future. Management accounts are prepared on a quarterly basis for my company which includes a detailed analysis/commentary of my trading results. I would have no hesitation in recommending the services of Morris and Co to my fellow professionals."
    Anne O'Loan, Niluain Ltd

Contact Desirie Lea on:

0151 348 8400 or email for a FREE no-obligation discussion and for information about how we can assist you in maximising your tax relief.