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What a buyer sees

MICHAEL'S DELI LIMITED

Take-away food shops and mobile food stands · Hamilton · SC449040

5staff · FY2024
13years trading
57oldest owner on file
£2kcash at bank

Nobody can see what you turn over

9.1× spread
£42k
£384k

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: 2 figures against 180 companies in the same trade and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff5
20225 → 52024
Cash at bank£2k
2022£6k → £2k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£15,977£30,223£79,527
Debtor daysdaysnot on your filings
832166
Creditor daysdaysnot on your filings
91547
Stock daysdaysnot on your filings
51274

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 5

  • 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 £42k and £384k. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 29 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • One director on the registerA buyer's first question about a company run by one person is what happens to it if that person stops. It is usually the first thing priced.
  • Headcount fell from 6 to 5A 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 0

Nothing stands out yet from the filings alone.

What the register says

Owners

  • 57since 2016

Directors

  • 57since 2013
Accounts on public record
Year toTurnoverStaffCash
2024-03-31not filed5£2k
2023-03-31not filed6£2k
2022-03-31not filed5£6k

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.