Finance for the legal, medical, accountancy & practitioner sectors

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    Professional Practices Finance — Gable Asset Finance (UK)

    Specialist finance solutions for barristers, solicitors, accountants, GPs, vets, dentists, pharmacists and opticians

    Gable Asset Finance provides tailored finance and funding solutions to UK professional practices across the legal, accounting, medical and allied professions. Our team understands the unique commercial, regulatory and cashflow dynamics of professional services businesses — from barristers’ chambers and solicitor partnerships to GP practices, veterinary clinics, dental surgeries and opticians. We arrange competitive funding packages that help professionals invest in people, technology, premises and insurance while preserving working capital and managing professional risks.


    Who we help

    We work with a wide variety of practice types including:

    • Barristers & Barristers’ Chambers — self-employed barristers, sets and chambers needing short-term working capital, aged debtor funding, or investment in chambers facilities.
    • Solicitors — sole practitioners through to multi-partner firms and LLPs who are members of The Law Society needing growth or working capital finance.
    • Accountancy Practices — chartered accountants and audit firms (ICAEW/ICAS/ACCA/CIPFA) seeking finance for staff, premises and practice acquisitions.
    • General Practitioners (GPs) — NHS contract holders and private practices requiring funding for premises, equipment and IT.
    • Veterinary Practices — independent clinics, corporate branches and mixed-animal practices (MRCVS) investing in medical equipment, imaging and surgery suites.
    • Dentists & Orthodontists — NHS and private dental practices (GDC-registered) purchasing chairs, imaging, CAD/CAM mills and practice refits.
    • Pharmacies — community and hospital pharmacies investing in dispensing automation, refrigeration and retail fit-out.
    • Opticians — independent and multiple store operators investing in diagnostic equipment, digital lenses and practice refurbishments.

    Why specialist practice finance matters

    Professional practices operate in regulated environments with distinctive cashflow patterns and capital needs. Typical sector characteristics include delayed receipts (clinical invoicing, legal disbursements, client payment cycles), high insurance costs (professional indemnity), partner equity issues, regulatory compliance and the need to invest continuously in technology to remain competitive. Generic bank products often fail to address these nuances; specialist lenders and brokers like Gable Asset Finance structure solutions that reflect professional realities.

    • Protect partner equity: Tailored loans for equity partners and partner buy-outs that preserve capital structure.
    • Manage irregular cashflow: Seasonal or cyclical billing (tax season, case settlement timings, NHS payments) addressed with working capital facilities and tax/VAT funding.
    • Comply with regulations: Finance for PII premiums, fit-out to clinical standards, or secure IT systems that meet data protection requirements.
    • Support growth: Acquisition finance for practices, case-funding and investment in services such as diagnostics or specialist labs.

    Finance products we provide for professional practices

    Gable Asset Finance sources a full range of funding products from our panel of specialist lenders and banks. Key product categories include:

    Unsecured Practice Loans

    Short to medium-term unsecured loans designed for practice partners or equity partners. These loans are typically based on partner equity, practice profitability and personal guarantees where appropriate. Unsecured loans can fund working capital, staff recruitment, training, or small-scale investments without pledging specific assets.

    Tax & VAT Funding

    Specialist facilities to help partnerships, LLPs and sole practitioners manage tax liabilities — VAT, self-assessment payments, PAYE liabilities, corporation tax and other HMRC obligations. Tax funding spreads lump-sum liabilities into predictable monthly payments to avoid pressure on operational cashflow.

    Professional Indemnity Insurance (PII) Funding

    PII premiums can be a material annual cost for many practices. We arrange funding so that premiums are paid directly to insurers and spread across instalments, improving budgeting and protecting capital.

    Barristers Aged Debtor Funding

    Barristers and chambers frequently face aged debtor exposures where fees are receivable on settlement or after lengthy processes. Aged debtor funding (also called invoice financing or debtor discounting) enables chambers to access cash tied in outstanding invoices — improving liquidity without waiting for client or CL&F payments.

    Case Acquisition Funding

    Law firms and barristers may use case acquisition funding to support the costs of winning and preparing high-value litigation or complex matters that require up-front investment (disbursements, expert reports, counsel fees). This funding can be structured against expected case receipts.

    Business Acquisition & Practice Purchase Finance

    From buying a small sole practice to a multi-partner regional firm, we arrange acquisition finance, vendor bridging, mezzanine and equity-tailored structures to fund practice purchases, including goodwill and client book financing.

    Partner Buy-Out Finance

    We design partner buy-out solutions to enable retiring partners to receive consideration while allowing remaining partners to spread the cost. Structures include deferred consideration, seller loans and secured facilities tailored to partnership agreements and tax considerations.

    Asset & Equipment Finance

    Finance for tangible assets such as:

    • IT equipment and servers
    • Practice management software and clinical systems
    • Office furniture and fit-out including refurbishments
    • Diagnostic equipment (dental/CAD/CAM, vet imaging, optometry equipment)
    • Vehicles and transport used by the practice

    We provide hire purchase, finance lease and operating lease options to suit ownership preferences and accounting treatment.

    Working Capital Facilities & Overdrafts

    Short-term facilities for day-to-day liquidity — payroll, rent, consumables and disbursement management. Facilities are structured to match billing cycles and can be linked to invoice finance arrangements.


    How these finance products apply across professions

    Below we outline common use-cases, typical financing preferences and sector-specific considerations for each professional group.

    Barristers & Chambers

    Common needs: aged debtor funding, case acquisition funding, chambers refurbishment, IT and library management, room hire upgrades.

    Key considerations: Barristers often operate as self-employed individuals within chambers; cashflow can be irregular. Aged debtor funding and discreet unsecured loans help meet overheads between settlements. Chambers may also finance central services, communal fit-out or short-term bridging while a new pupil intake stabilises revenues.

    Solicitors

    Common needs: practice acquisition, partner buy-outs, professional indemnity funding, VAT & tax funding, premises refit and case disbursement bridging.

    Key considerations: Solicitor firms subject to SRA regulations must maintain appropriate PII and client money protections. Lenders consider matter types (conveyancing vs litigation), client concentration and outstanding disbursements when underwriting funding. Practice acquisitions are often structured with vendor finance and goodwill-backed loans.

    Accountants & Audit Practices

    Common needs: tax funding (seasonal liabilities), staff training and recruitment finance, office IT & software (practice management, tax engines), M&A of practices.

    Key considerations: Income concentration around tax seasons (January–April) means many firms require seasonal facilities. Funding can be structured to match self-assessment peaks, PAYE cycles and software subscription models. Purchase of client books and partner transitions are frequent use cases for acquisition finance.

    General Practitioners (GPs)

    Common needs: premises refurbishment, clinical equipment, IT/EHR systems, staff training, pharmacy fit-outs and car parking or accessibility works.

    Key considerations: Many GPs operate under NHS contracts with specific procurement and capital rules. We structure compliant finance, including sale-and-leaseback on owned premises, and funding that aligns with QOF, ARRS/PCN and local commissioning income patterns.

    Veterinary Practices

    Common needs: imaging (x-ray, ultrasound), surgical suites, laboratory equipment, digital records, and expansion to multi-site practices.

    Key considerations: Veterinarians invest in high-value diagnostic assets and often use staged hire purchase or finance leases with maintenance options. Acquisition of veterinary practices is active in the market and requires specialised acquisition and goodwill funding.

    Dentists & Orthodontists

    Common needs: dental chairs, 3D scanners, CBCT imaging, CAD/CAM mills, practice refurbishments and PII funding.

    Key considerations: Dental practices often balance NHS and private income; financing must reflect contract mixes. Equipment finance frequently includes warranties and service contracts to protect costly instruments and ensure clinical uptime.

    Pharmacies

    Common needs: dispensing automation, refrigeration units, retail fit-out and working capital for seasonal medicine stock.

    Key considerations: Community pharmacies often trade on narrow margins and face reimbursement delays. Invoice finance, overdrafts and asset refinance provide critical liquidity while automation investments improve dispensing efficiency and compliance.

    Opticians

    Common needs: diagnostic equipment (autorefractors, OCT), lens edging and finishing, digital patient records, retail display and shop refit.

    Key considerations: Optical equipment can be high value and quickly evolving. Operating leases for diagnostic kit and hire purchase for durable assets are both common. Practices also fund multi-site rollouts and franchise expansions with structured facilities.


    Choosing the right finance structure — practical guidance

    Selecting the optimal financing route depends on factors such as asset life, desire for ownership, tax treatment and regulatory impact. Below are practical pointers to help you choose.

    • Hire Purchase — choose HP if you want to own the asset at the end of the term and benefit from capital allowances. Suitable for durable items (furniture, servers, clinical chairs).
    • Finance Lease — choose a finance lease if you need predictable long-term use but prefer flexibility at term-end. Often used for high-value imaging equipment and vehicles.
    • Operating Lease — select an operating lease to keep the asset off balance sheet and allow regular upgrades (e.g. IT, practice management hardware, some diagnostic kit).
    • Unsecured Loans — ideal for smaller working capital needs, partner advances or short-term tax funding where no asset security is required.
    • Invoice & Debtor Finance — valuable for practices with long receivable cycles; draws liquidity from outstanding invoices or aged debtor positions.
    • Sale & Leaseback — handy when you own equipment or property and want to release equity while retaining operational use.

    Underwriting considerations & what lenders look for

    Each lender has specific criteria, but underwriting tends to focus on the following:

    • Practice cashflow & profitability: historic accounts, management accounts and future forecasts.
    • Partner/owner creditworthiness: particularly for unsecured loans or partner buy-outs.
    • Asset specification & condition: for asset finance — age, maintenance records and expected life.
    • Regulatory compliance: evidence of licences, registrations (GMC, MRCVS, GDC, Law Society memberships) and PII in force.
    • Client concentration: risk if a small number of clients generate significant revenue.
    • Exit strategy for acquisitions: refinance plans or integration forecasts for practice purchases.

    Documentation typically required

    To accelerate applications, have the following information to hand:

    • Recent management accounts and cashflow forecasts
    • Historic 2–3 years’ accounts where applicable
    • Details of PII cover and renewal documentation
    • Practice ownership structure and partner agreements
    • Quotes for equipment, refurbishment or acquisition
    • Identification and proof of address for directors/partners
    • Details of any existing lending or charge over assets

    Process — how Gable Asset Finance works with professional practices

    1. Initial consultation: We discuss objectives, timing and sensitive issues such as confidentiality in partner arrangements.
    2. Needs analysis: We map cashflow cycles and funding gaps, matching product solutions to operational realities.
    3. Proposal & options: Written comparisons and tailored illustrations for HP, leases, loans and debtor finance.
    4. Application & underwriting: We prepare submissions and liaise with lenders to secure fast decisions.
    5. Documentation & completion: Agreements completed, funds released or asset deliveries arranged.
    6. Ongoing support: We remain available for refinancing, additional assets or acquisition advice.

    Practical examples & case studies

    Example 1 — Partner Buy-Out at a Solicitors Firm

    A regional solicitors firm needed to buy out a retiring partner while preserving working capital for business continuity. We structured a partner buy-out loan with staged payments and a contingent earn-out clause for deferred consideration. The remaining partners could maintain cash reserves and the retiring partner received a fair exit without disrupting client services.

    Example 2 — Dental Practice Equipment Upgrade

    An independent dental practice required new CAD/CAM milling equipment and chairs to expand its cosmetic dentistry services. We arranged a hire purchase agreement that included a maintenance contract and staff training. The practice financed the equipment over five years, improving service offerings and patient throughput without a large capital outlay.

    Example 3 — Barristers’ Chambers Aged Debtor Funding

    A medium-sized chambers was carrying significant aged receivables while awaiting case settlements. A debtor funding facility enabled immediate access to funds against billed but unpaid invoices. Cashflow stabilised, overheads were covered and the chamber avoided short-term borrowing at punitive rates.


    Tax, accounting and regulatory notes (general guidance)

    Tax treatment and accounting impact vary by product and business structure. The following are high-level observations and should not replace professional advice:

    • Hire purchase and finance leases typically involve the asset and associated liabilities appearing on the balance sheet — treatment varies under UK accounting rules.
    • Operating leases may be treated off-balance sheet in some cases, but recent accounting standard changes (IFRS/UK GAAP) affect lease recognition — consult your auditor.
    • VAT is usually payable on equipment purchases; VAT funding or netting via leasing options can ease short-term cash impact for VAT-registered practices.
    • Interest on business loans is often deductible for tax purposes, but speak to your tax advisor for specifics related to mixed income streams (NHS/private, partnership profits).

    Common questions from professional practices

    Can a sole practitioner get finance?

    Yes. Sole practitioners can access many of the same products as partnerships or limited companies; underwriting reflects personal credit, practice performance and the intended use of funds.

    Do lenders require professional indemnity in place?

    Most lenders expect PII to be current and adequate for the risk profile of the practice. PII funding is available where premiums are due and can be paid directly to the insurer.

    Will practice acquisitions affect ongoing lender relationships?

    Acquisitions are often supported by lenders with tailored structures. We manage lender dialogue to ensure existing facilities are aligned and that covenants remain appropriate post-acquisition.

    How confidential are finance applications?

    We treat all enquiries with the highest confidentiality, a critical requirement in professional services. We work discreetly with lenders and can arrange non-disclosure terms where needed.

    Can Gable Asset Finance help with vendor finance?

    Yes. We regularly work with vendors and system suppliers to arrange point-of-sale finance, vendor programmes and white-label options that simplify client procurement and accelerate purchase cycles.


    Why choose Gable Asset Finance?

    • Sector expertise: deep knowledge of barristers, solicitors, accountants and healthcare professionals.
    • Wide lender panel: access to specialist lenders who understand professional practice risks.
    • Tailored structuring: we align products with partner agreements, regulatory needs and tax implications.
    • Fast, confidential service: we value discretion and speed, critical in partner buy-outs and practice acquisitions.
    • End-to-end support: from initial proposal through to completion and post-funding advisory.

    Next steps — how to start

    1. Contact us: arrange a confidential initial conversation to outline your needs.
    2. Provide basics: recent accounts, partner details, equipment quotes or acquisition terms.
    3. Receive options: written comparisons and recommended structures for your approval.
    4. Apply & complete: we manage submissions, documentation and lender liaison to completion.

    Gable Asset Finance is committed to helping professional practices access commercial finance that fits their specific sector needs — whether that’s preserving partner equity, funding growth, smoothing tax payments, or investing in state-of-the-art equipment. Contact our specialist team today to explore suitable finance options and receive a confidential, no-obligation proposal tailored to your practice.

    Gable Asset Finance — Specialist finance for UK professional practices: legal, accounting, medical and allied professions.

    As an established provider of finance to the professionals sector we offer services to the following professions 
    The below is a list of the main services we provide to professions:-
    Our professions practice funding products include: