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What a buyer sees

TONIES UK LIMITED

Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played · Bishops Stortford · 10990746

34staff · FY2023
9years trading
—oldest owner on file
£11Mcash at bank

Nobody can see what you turn over

6.6× spread
£8.6M
£57M

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: 3 figures against 1,452 companies in the same sector and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff34
20208 → 342023
Cash at bank£11M
2020£86k → £11M2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£87,459£464,006£1,513,474
Debtor daysdaysnot on your filings
154790
Creditor daysdaysnot on your filings
102974
Stock daysdaysnot on your filings
1150141

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 £8.6M and £57M. 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.
  • 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.
  • 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

  • Headcount grew from 22 to 34Growth a buyer can verify without asking you for anything.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 43since 2020
Accounts on public record
Year toTurnoverStaffCash
2023-12-31not filed34£11M
2022-12-31not filed22£1.6M
2021-12-31not filed14£391k
2020-12-31not filed8£86k

A rough bracket, and why it is only that

0.35–0.55× sales
£3.0M
£32M

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.