In this episode of Beyond the Balance Sheet, Katie Collin is joined by Justin Cumberlege, healthcare lawyer at Hempsons, to unpack one of the most talked-about topics in primary care – GP practice incorporation.

Together, they explore:

• The legal and financial implications of moving from partnership to a limited company
• How NHS contracts are affected and what “novation” really means
• Key drivers for incorporation, from liability protection to succession planning
• Common pitfalls and challenges – and how to avoid them
• Practical steps for ensuring a smooth transition

Whether you’re considering incorporation for tax efficiency, improved governance, or greater flexibility in practice ownership, this episode provides a clear, informed view on the opportunities and risks involved.

Guest: Justin Cumberlege – Partner at Hempsons, advising GP practices, PCNs, and federations across the UK.

Resources & Links:

Learn more about Hempsons

Connect with Katie Collin and Ramsay Brown LLP

In this debut episode of Beyond the Balance Sheet, Katie Collin tackles one of the most pressing issues currently facing GP practices — the Employer’s National Insurance increase taking effect from April 2025.

Katie breaks down:

• What the change actually means for practices
• Why the cost increase is significantly higher than it appears
• Who will be hit hardest, and why GP practices are uniquely affected
• What the real cost looks like in pound-per-patient terms
• The ripple effects on staffing, cash flow, and partner drawings

How Ramsay Brown LLP is helping practices forecast, plan, and respond.

Whether you’re a GP partner, practice manager or involved in healthcare finance, this is essential listening if you're trying to stay ahead of the financial curve in 2025.

📩Got a question or topic you’d like covered in a future episode? Email hannah@ramsaybrown.com directly.

🎙️ Next episode: Incorporation – what it really means for your practice, with special guest Justin Cumberledge from Hempsons.