A Manchester solicitor is urging city dental practices to ‘Brexit-proof’ their businesses in the event the UK crashes out of the EU next March, or else consider selling up and maximising their business value.
‘If higher prices are anticipated it would be wise to accumulate equipment and stock at current prices,’ says Helen Wong MBE, from Clarke Willmott LLP who specialises in advising the dental sector.
‘At the moment equipment follows EU standards, but if the UK adopts its own guidelines there is a potential risk that many of the current or future apparatus or methodologies will not adhere to UK standards.
‘For dental practices this could mean added costs to re-standardise, or in a worst-case scenario, they could find themselves in breach of the law solely because of a ‘Hard Brexit’ and the different standards being imposed.
‘Practices should also be reviewing their private dental work fees and factor in the potential extra costs now, rather than to wait and see whether the UK crashes out of the European Union next March or not.’
Helen says she has seen a dramatic increase in Brexit-specific enquiries from dentists over the past two months and that the Clarke Willmott is supporting a number of practices to sell their businesses.
Clarke Willmott LLP is a national law firm with seven offices across the country, in Birmingham, Bristol, Cardiff, London, Manchester, Southampton and Taunton. For more information visit www.clarkewillmott.com