How UK Accountancy Practices Are Valued: GRF Multiples Explained
What a GRF multiple actually is, why UK accountancy practices typically sell for 0.8–1.6x gross recurring fees, and what moves your firm up or down the range.
Founder Capital is a private markets investment firm focused on backing UK businesses through private equity and private credit.
We partner with founders and operators to provide long-term capital and practical support, helping strong businesses grow, modernise, and scale.
Investing in and scaling established professional services firms across the UK — particularly in accountancy, legal and financial services. Through the Practice Group platform we acquire and partner with firms where founders are seeking succession, growth or operational support.
By bringing firms together within a unified platform, we create stronger businesses while preserving the relationships and expertise that made them successful.
Explore the Practice Group FundProviding secured lending solutions to growing SMEs that require flexible capital beyond traditional bank finance.
Our lending structures are typically asset-backed or cash-flow secured, with clear terms and transparent pricing designed to support sustainable business growth.
Explore Found CreditWe believe the best investments are found in real businesses with strong fundamentals, led by founders and operators who are focused on building something that lasts.
We understand the realities of building and running businesses because we have done it ourselves. That experience shapes how we invest, how we structure partnerships, and how we support the companies we work with.
We believe the strongest partnerships are built on alignment, transparency, and long-term thinking. Capital alone rarely creates great businesses. What matters is combining capital with practical experience, clear communication, and a shared commitment to building something durable.
What a GRF multiple actually is, why UK accountancy practices typically sell for 0.8–1.6x gross recurring fees, and what moves your firm up or down the range.
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If you are building a business, exploring funding options, or interested in learning more about our investment strategies, we welcome the opportunity to start a conversation.