What a buyer sees
FGS INGREDIENTS LIMITED
Manufacture of condiments and seasonings · 03145946
93staff · FY2024
30years trading
—oldest owner on file
£451kcash at bank
Your turnover is on public record
filed£26Mfor the year to 2024
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
Staff93
202245 → 932024
Cash at bank£451k
2022£1.2M → £451k2024
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£277,873in the top quarter
£88,871£162,513£362,127
Debtor daysdays71in the middle half
265687
Creditor daysdays43
143363
Stock daysdays89in the top quarter
1245115
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 29 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
- Everyone on the board is over 60There is no one on the register a buyer can see taking the business on. That is a discount if it stays that way and a negotiating point if it changes.
- Stock days run high for your tradeYours is 89 against 45 for the middle of 2,028 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 4
- 30 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Headcount grew from 78 to 93Growth a buyer can verify without asking you for anything.
- Sales per employee better than three quarters of your tradeYours is 277,873 against 162,513 for the middle of 2,152 comparable companies.
- A board that has been together ten years or moreContinuity a buyer does not have to take on trust.
What the register says
Owners
Nobody recorded with significant control.
Directors
- since 1996
- 75since 1998
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2024-03-31 | £26M | 93 | £451k |
| 2023-03-31 | £19M | 78 | £1.2M |
| 2022-03-31 | £17M | 45 | £1.2M |
A rough bracket, and why it is only that
0.4–0.9× sales£10M£23M
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.