What a buyer sees
COVE BAY HOTEL LTD
Hotels and similar accommodation · Aberdeen · SC069311
34staff · FY2024
47years trading
61oldest owner on file
£13kcash at bank
Your turnover is on public record
filed£1.4Mfor 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
Staff34
202227 → 342024
Cash at bank£13k
2022£41k → £13k2024
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£40,797in the middle half
£29,898£61,265£204,705
Debtor daysdays24in the middle half
71368
Creditor daysdays22
1023117
Stock daysdays4in the bottom quarter
4634
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.
- 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.
- 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
- 47 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Stock days better than three quarters of your tradeYours is 4 against 6 for the middle of 184 comparable companies.
What the register says
Owners
- 61since 2016
Directors
- 61since 2002
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2024-03-31 | £1.4M | 34 | £13k |
| 2023-03-31 | not filed | 34 | £55k |
| 2022-03-31 | not filed | 27 | £41k |
A rough bracket, and why it is only that
0.4–0.9× sales£550k£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.