Today NASDAL ( National Association of Specialist Dental Accountants and Lawyers) published its annual report for period 2021 – 2022.
Please see statistics below:
- Overall, increased net profit across the board. This was to be expected as practices were
closed for 2-3 months of the previous year due to lockdown
- An increase in average net profit per principal from £152,414 to £168,826 for a typical dental
- Private practices see a big jump increase in average net profit per principal: £143,418 to £178,513
- Mixed practices see an increase in average net profit per principal: £168,326 to £177,072
- NHS practices see a small increase in average net profit per principal: £145,498 to £150,894
- Associate average remuneration is up for the first time in a number of years from £63,304 to £75,488
Ian Simpson, commented on the statistics which he organises, “The increase in profits was to be expected due to lockdown in the previous year. The increase was seen by all practices but NHS practices only saw a marginal increase compared with those experienced by mixed and private practices. In fact there was a differential of more than £25,000 in both cases. NHS practices cannot pass on increased material and wage costs and this may worsen over the next year – for instance, these figures have not taken into account inflation of over 10% and the massive energy price increases that have occurred more recently.
Read full article here NASDAL Annual Benchmarking Statistics - increases not the whole story | nasdal.org.uk