Profits report

Each year the National Association of Specialist Dental Accountants, which represents around 20 per cent of self employed dentists in the UK, produces a profits report summarising the results of a sample of their dental clients. They look at principals and associates and analyse income and expenditure. 

This year’s report includes the earnings of the third full year of the new National Health Service contract, showing the effect the contract has had on dentists’ net income. For those practices with year-ends set in 2009, the key results were as follows:

The net profit of a practice is the gross profit less all the practice overheads, including staff costs and premises costs. Control over those costs and overheads in 2009 has resulted in the average net profit per principal in the typical practice increasing slightly in the year. The average net profit per principal practitioner in a typical dental practice in 2009 was £141,835 compared with £141,288 in 2008, which represents an increase of less than one per cent.