What a buyer sees
LANCASTER LEISURE LIMITED
Activities of other holding companies n.e.c. · Barnstaple · 00654281
361staff · FY2023
66years trading
94oldest owner on file
£31Mcash at bank
Your turnover is on public record
filed£22Mfor 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
Staff361
2021468 → 3612023
Cash at bank£31M
2021£39M → £31M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£60,279in the bottom quarter
£37,462£146,827£596,431
Debtor daysdays1below almost all
1247251
Creditor daysdays60
928203
Stock daysdays3below almost all
637132
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.
- 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.
- 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
- 66 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Headcount grew from 325 to 361Growth a buyer can verify without asking you for anything.
- Debtor days better than three quarters of your tradeYours is 1 against 47 for the middle of 594 comparable companies.
- Stock days better than three quarters of your tradeYours is 3 against 37 for the middle of 50 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
- 92since 2017
- 94since 2017
- 62since 2017
- 60since 2017
Directors
- 62since 1995
- 60since 1998
- since 2013
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £22M | 361 | £31M |
| 2022-12-31 | £21M | 325 | £32M |
| 2021-12-31 | £21M | 468 | £39M |
A rough bracket, and why it is only that
1.5–4× sales£33M£87M
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.