What a buyer sees
K & N SURFACING LIMITED
Construction of commercial buildings · Biggin Hill · 05456138
86staff · FY2023
21years trading
58oldest owner on file
£4.3Mcash at bank
Your turnover is on public record
filed£19Mfor 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.
What your filings show moving
Staff86
202140 → 862023
Cash at bank£4.3M
2021£2.2M → £4.3M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£222,333in the middle half
£151,371£336,133£959,123
Debtor daysdays83above almost all
123474
Creditor daysdays16
183880
Stock daysdaysnot on your filings
525634
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 3
- 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.
- Debtor days run high for your tradeYours is 83 against 34 for the middle of 106 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 1
- 21 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
What the register says
Owners
- 58since 2016
- 55since 2016
Directors
- since 2005
- 58since 2005
- 55since 2005
- since 2017
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £19M | 86 | £4.3M |
| 2022-12-31 | £18M | 79 | £3.8M |
| 2021-12-31 | not filed | 40 | £2.2M |
A rough bracket, and why it is only that
0.2–0.45× sales£3.8M£8.6M
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.