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What a buyer sees

O.H.E. HORTICULTURAL LIMITED

Wholesale of agricultural machinery, equipment and supplies · Dorchester · 04289058

10staff · FY2023
25years trading
65oldest owner on file
£46kcash at bank

Nobody can see what you turn over

4.1× spread
£789k
£3.3M

You file abbreviated accounts, as almost every company your size does, so the profit and loss account is not on public record. That band is what your balance sheet implies to anyone who looks: 4 figures against 49 companies in the same trade. An opening offer is built on the bottom of it.

What your filings show moving

Staff10
202111102023
Cash at bank£46k
2021£60k£46k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£249,366£499,300£1,125,928
Debtor daysdaysnot on your filings
153453
Creditor daysdaysnot on your filings
1644109
Stock daysdaysnot on your filings
5399183

Each spread is companies in the same trade and size that did publish a turnover. Creditor days are shown but not marked: neither end of that one is plainly good.

What a buyer would ask 5

  • Your turnover is not on fileYou file abbreviated accounts, as most companies your size do, so a buyer cannot see what the business turns over and has to estimate it. Working only from what you filed, the range lands between £789k and £3.3M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 32 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • Everyone on the board is over 60There is no one on the register a buyer can see taking the business on. That is a discount if it stays that way and a negotiating point if it changes.
  • Headcount fell from 13 to 10A buyer sees the fall and not the reason. Deliberate tightening and losing people look identical on a filing.
  • No website on file against the companyThe first thing anyone does with a company number is look for the business behind it. Finding nothing is its own answer.

What a buyer would like 2

  • 25 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

  • 65since 2016

Directors

  • since 2001
  • 65since 2001
Accounts on public record
Year toTurnoverStaffCash
2023-12-31not filed10£46k
2022-12-31not filed13£1k
2021-12-31not filed11£60k

A rough bracket, and why it is only that

0.350.55× sales
£280k
£1.8M

The turnover range is fitted on UK companies that did file one. The multiple is a published sector average from Dutch mid-market deals, not from your own numbers and not from your own market. Treat this as the opening bracket of a conversation, not a valuation.

Prepared by Qapital from public records, against 105,750 companies that did publish a turnover. No figure here was supplied by the company and none of it is advice. What it is missing is everything that actually sets a price: profitability, contracts, customer concentration, and whoever would run it next.

Close the gap

The range above exists because your turnover is not on public record. Tell us what it actually is and we will place you exactly against your trade, and send it back.

Goes to one inbox. No list, no sequence, and we will not pass it on. We buy companies as well as advise on them, so if yours is one we would be interested in, we will tell you that before anything else happens.