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What a buyer sees

21ST CENTURY BARS LTD

Public houses and bars · Beverley · 13309892

6staff · FY2023
5years trading
64oldest owner on file
£24kcash at bank

Nobody can see what you turn over

10.5× spread
£60k
£633k

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: 2 figures against 170 companies in the same trade and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff6
20225 → 62023
Cash at bank£24k
2022£63k → £24k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£13,767£40,273£76,339
Debtor daysdaysnot on your filings
832166
Creditor daysdaysnot on your filings
1029136
Stock daysdaysnot on your filings
5827

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

  • 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 £60k and £633k. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 40 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • The register shows an owner past retirement age and little elseWithout directors on file, a buyer cannot tell who actually runs the business day to day.
  • 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 1

  • Headcount grew from 5 to 6Growth a buyer can verify without asking you for anything.

What the register says

Owners

  • 64since 2021

Directors

No current directors loaded.

Accounts on public record
Year toTurnoverStaffCash
2023-04-30not filed6£24k
2022-04-30not filed5£63k

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.