What a buyer sees
THE ADELPHI THEATRE COMPANY LIMITED
Operation of arts facilities · London · 02761565
73staff · FY2023
34years trading
66oldest owner on file
£9.0Mcash at bank
Your turnover is on public record
filed£35Mfor 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
Staff73
202129 → 732023
Cash at bank£9.0M
2021£5.0M → £9.0M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£473,718in the top quarter
£11,223£29,799£505,127
Debtor daysdays11in the bottom quarter
1024213
Creditor daysdays7
92385
Stock daysdays1below almost all
4923
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 3
- The newest accounts on file are 38 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
- Headcount fell from 82 to 73A 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 4
- 34 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Sales per employee better than three quarters of your tradeYours is 473,718 against 29,799 for the middle of 46 comparable companies.
- Debtor days better than three quarters of your tradeYours is 11 against 24 for the middle of 30 comparable companies.
- Stock days better than three quarters of your tradeYours is 1 against 9 for the middle of 70 comparable companies.
What the register says
Owners
- 66since 2016
Directors
- 78since 1992
- 66since 1992
- 52since 2018
- 56since 2021
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-07-02 | £35M | 73 | £9.0M |
| 2022-07-03 | £30M | 82 | £6.2M |
| 2021-06-27 | £499k | 29 | £5.0M |
A rough bracket, and why it is only that
0.4–0.9× sales£14M£31M
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.