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What a buyer sees

GLASS AND GENERAL MAINTENANCE CO. LTD

Other manufacturing n.e.c. · Leigh-On-Sea · 07768732

2staff · FY2023
15years trading
36oldest owner on file
£3kcash at bank

Your turnover is on public record

filed
£1.4Mfor 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

Staff2
20217 → 22023
Cash at bank£3k
2021£4k → £3k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£695,450in the top quarter
£695,450
£25,073£79,800£740,133
Debtor daysdays81in the top quarter
81
145398
Creditor daysdays34
34
82689
Stock daysdaysnot on your filings
1245266

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

  • The newest accounts on file are 35 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • Headcount fell from 4 to 2A buyer sees the fall and not the reason. Deliberate tightening and losing people look identical on a filing.
  • Debtor days run high for your tradeYours is 81 against 53 for the middle of 69 comparable companies. That gap is working capital a buyer has to fund on day one, and it comes off the price.
  • 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

  • Sales per employee better than three quarters of your tradeYours is 695,450 against 79,800 for the middle of 73 comparable companies.

What the register says

Owners

  • 29since 2017
  • 36since 2016
  • 29since 2017
  • 36since 2017
  • 31since 2017
  • 33since 2017
  • 36since 2017
  • 29since 2017

Directors

No current directors loaded.

Accounts on public record
Year toTurnoverStaffCash
2023-09-30£1.4M2£3k
2022-09-30£906k4£21k
2021-09-30£964k7£4k

A rough bracket, and why it is only that

0.4–0.9× sales
£560k
£1.3M

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.