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What a buyer sees

JUSTCARPETSUK LIMITED

Retail sale of carpets, rugs, wall and floor coverings in specialised stores · Merthyr Tydfil · 07959943

8staff · FY2023
14years trading
66oldest owner on file
£378kcash at bank

Nobody can see what you turn over

7.6× spread
£141k
£1.1M

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 1,141 companies in the same sector and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff8
20219 → 82023
Cash at bank£378k
2021£220k → £378k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£19,007£90,760£837,682
Debtor daysdaysnot on your filings
1042130
Creditor daysdaysnot on your filings
929126
Stock daysdaysnot on your filings
1051263

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 4

  • 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 £141k and £1.1M. An opening offer is built on the low end of whatever they guess.
  • 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 9 to 8A 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 1

  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

  • 66since 2016

Directors

  • 66since 2012
  • 57since 2016
Accounts on public record
Year toTurnoverStaffCash
2023-12-31not filed8£378k
2022-12-31not filed9£288k
2021-12-31not filed9£220k

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.