What a buyer sees
SPECIALISED WELDING PRODUCTS LIMITED
Wholesale of other machinery and equipment · Alton · 02573967
58staff · FY2024
35years trading
60oldest owner on file
£193kcash at bank
Your turnover is on public record
filed£19Mfor the year to 2024
Unusual at this size, and it works in your favour: a buyer is reading your number rather than guessing at one.
What your filings show moving
Staff58
202255 → 582024
Cash at bank£193k
2022£4k → £193k2024
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£335,122in the middle half
£113,986£253,764£722,745
Debtor daysdays93in the top quarter
3062109
Creditor daysdays40
103775
Stock daysdays47in the middle half
2062141
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 4
- The newest accounts on file are 29 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.
- Debtor days run high for your tradeYours is 93 against 62 for the middle of 81 comparable companies. That gap is working capital a buyer has to fund on day one, and it comes off the price.
- 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
- 35 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
- 59since 2016
- 60since 2016
Directors
- 60since 2001
- since 2009
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2024-03-31 | £19M | 58 | £193k |
| 2023-03-31 | £19M | 55 | £247k |
| 2022-03-31 | £17M | 55 | £4k |
A rough bracket, and why it is only that
0.35–0.55× sales£6.8M£11M
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.