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What a buyer sees

REMIX DRY MORTAR LIMITED

Manufacture of mortars · Fareham · 03780780

85staff · FY2023
27years trading
58oldest owner on file
£1.5Mcash at bank

Your turnover is on public record

filed
£33Mfor 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

Staff85
2021101 → 852023
Cash at bank£1.5M
2021£3.1M → £1.5M2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£386,734above almost all
£386,734
£88,871£162,513£362,127
Debtor daysdays40in the bottom quarter
40
265687
Creditor daysdays18
18
143363
Stock daysdays17in the bottom quarter
17
1245115

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.
  • Headcount fell from 101 to 85A buyer sees the fall and not the reason. Deliberate tightening and losing people look identical on a filing.
  • 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 4

  • 27 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 386,734 against 162,513 for the middle of 2,152 comparable companies.
  • Debtor days better than three quarters of your tradeYours is 40 against 56 for the middle of 2,030 comparable companies.
  • Stock days better than three quarters of your tradeYours is 16 against 45 for the middle of 2,028 comparable companies.

What the register says

Owners

  • 58since 2016

Directors

  • 58since 1999
  • 65since 2025
Accounts on public record
Year toTurnoverStaffCash
2023-12-31£33M85£1.5M
2021-12-31£29M101£3.1M

A rough bracket, and why it is only that

0.4–0.9× sales
£13M
£30M

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.