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What a buyer sees

PASINI LEISURE LIMITED

Public houses and bars · Colchester · 04219428

76staff · FY2023
25years trading
—oldest owner on file
£4kcash at bank

Nobody can see what you turn over

9.4× spread
£523k
£4.9M

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 125 companies in the same trade. An opening offer is built on the bottom of it.

What your filings show moving

Staff76
202153 → 762023
Cash at bank£4k
2021£8k → £4k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£14,680£38,779£76,603
Debtor daysdaysnot on your filings
71347
Creditor daysdaysnot on your filings
102486
Stock daysdaysnot on your filings
5821

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

  • 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 £523k and £4.9M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 37 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 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

Nobody recorded with significant control.

Directors

  • since 2001
  • 54since 2001
  • 59since 2001
Accounts on public record
Year toTurnoverStaffCash
2023-07-31not filed76£4k
2022-07-31not filed74£18k
2021-07-31not filed53£8k

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.