What a buyer sees
THERMAHEAT LIMITED
Plumbing, heat and air-conditioning installation · Kelso · SC154472
Nobody can see what you turn over
5.2× spreadYou 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 75 companies in the same trade and size. An opening offer is built on the bottom of it.
What your filings show moving
How you sit in your trade
slowest tenth typical fastest tenth youEach 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 6
- 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 £494k and £2.6M. An opening offer is built on the low end of whatever they guess.
- 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.
- 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.
- A director resigned in the past yearA buyer will ask why, and will hear the answer from somewhere. Better from you.
- 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
- 32 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
What the register says
Owners
- 62since 2016
- 59since 2026
Directors
- 62since 1998
| Year to | Filed | Turnover | Staff | Cash |
|---|---|---|---|---|
| 2026-03-31 | 2026-09-04 | not filed | 8 | £56k |
| 2024-03-31 | — | not filed | 9 | £84k |
| 2023-03-31 | — | not filed | 9 | £75k |
| 2022-03-31 | — | not filed | 9 | £110k |
A rough bracket, and why it is only that
0.4–0.7× salesThe 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.