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What a buyer sees

CORVEDALE FRESH LIMITED

Processing and preserving of meat · Shropshire · 02707639

111staff · FY2023
34years trading
74oldest owner on file
£8.2Mcash at bank

Your turnover is on public record

filed
£72Mfor the year to 2023

Unusual at this size, and it works in your favour: a buyer is reading your number rather than guessing at one.

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£652,775in the top quarter
£652,775
£104,714£233,788£690,032
Debtor daysdays16below almost all
16
173560
Creditor daysdays21
21
102543
Stock daysdays1below almost all
1
71957

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 2

  • The newest accounts on file are 38 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • 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 5

  • 34 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • Sales per employee better than three quarters of your tradeYours is 652,775 against 233,788 for the middle of 42 comparable companies.
  • Debtor days better than three quarters of your tradeYours is 16 against 35 for the middle of 42 comparable companies.
  • Stock days better than three quarters of your tradeYours is 1 against 19 for the middle of 39 comparable companies.
  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

  • 74since 2016

Directors

  • 74since 1992
  • 62since 1995
  • 46since 2009
  • since 2014
Accounts on public record
Year toTurnoverStaffCash
2023-06-30£72M111£8.2M

A rough bracket, and why it is only that

0.4–0.9× sales
£29M
£65M

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.

Tell us the rest

Your turnover is on file, but the things that set a price are not: margin, customer concentration, who would run it next. Tell us where you are and we will read it properly.

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.