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What a buyer sees

EASTERN COUNTIES LAUNDRIES LIMITED

Washing and (dry-)cleaning of textile and fur products · Chelmsford · 00249950

244staff · FY2023
96years trading
—oldest owner on file
£663kcash at bank

Your turnover is on public record

filed
£20Mfor 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

Staff244
2021183 → 2442023
Cash at bank£663k
2021£1.4M → £663k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£82,815in the middle half
£82,815
£35,964£112,224£384,986
Debtor daysdays48in the middle half
48
164583
Creditor daysdays42
42
122561
Stock daysdaysnot on your filings
62280

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 2

  • The newest accounts on file are 41 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 2

  • 96 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • Headcount grew from 196 to 244Growth a buyer can verify without asking you for anything.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 37since 2017
  • since 2020
  • 67
Accounts on public record
Year toTurnoverStaffCash
2023-03-31£20M244£663k
2022-03-31£7.3M196£903k
2021-09-30£12M183£1.4M

A rough bracket, and why it is only that

0.4–0.9× sales
£8.1M
£18M

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.