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What a buyer sees

CORNWALL REFRIGERATED TRANSPORT SERVICES LIMITED

Repair and maintenance of other transport equipment n.e.c. · Bodmin · 04528775

13staff · FY2023
24years trading
63oldest owner on file
£330kcash at bank

Nobody can see what you turn over

3.2× spread
£671k
£2.1M

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 905 companies in the same sector and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff13
2021111132023
Cash at bank£330k
2021£359k£330k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£23,493£101,250£243,711
Debtor daysdaysnot on your filings
225592
Creditor daysdaysnot on your filings
113064
Stock daysdaysnot on your filings
1049126

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 £671k and £2.1M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 34 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 1

  • 24 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.

What the register says

Owners

  • 63since 2016
  • 36since 2024

Directors

  • since 2002
  • 63since 2002
  • 36since 2024
Accounts on public record
Year toTurnoverStaffCash
2023-10-31not filed13£330k
2022-10-31not filed13£440k
2021-10-31not filed111£359k

A rough bracket, and why it is only that

0.40.9× sales
£270k
£1.9M

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.

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.