Mind the Gap
2015 saw the gap between the two widen considerably – an average private practice making a profit of £140,129 per principal, compared to an average NHS practice profit of £129,265.
Private practices have seen an increase in fee income of over 8% compared to 2014. Comparatively, NHS practices have been relatively static
What about Associates?
2015 Average £68,024 but in 2014 the average was £68,544. £500 decreases, likely attributed to increasing insurance, subscriptions and fees.
How accurate is this?
The survey was conducted by NASDAL, National Association of Specialist Dental Accountants and Lawyers. These figures provide a detailed picture of dental practice finances, sourced directly from dentists working privately and in the NHS.
The sample size is 650 principals and limited companies, and 600 associates.
What about Dentistry as a whole?
Accord to Nick Ledingham, of Morris & Co, Specialist Dental Accountants and Chairman of NASDAL observed, “It is positive to see that the UK dental market has continued to grow at a rate of around 4.4%”
Statistics referenced from NASDAL Benchmarking Statistics Source