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What a buyer sees

LATIMER HINKS SOLICITORS LIMITED

Solicitors · Darlington · 09329066

56staff · FY2024
12years trading
—oldest owner on file
£599kcash at bank

Nobody can see what you turn over

11.6× spread
£770k
£8.9M

You 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: 3 figures against 30 companies in the same trade and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff56
202146 → 562024
Cash at bank£599k
2021£1.1M → £599k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£45,835£72,029£145,714
Debtor daysdaysnot on your filings
1753186
Creditor daysdaysnot on your filings
819123
Stock daysdaysnot on your filings
730102

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

  • 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 £770k and £8.9M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 28 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • A director resigned in the past yearA buyer will ask why, and will hear the answer from somewhere. Better from you.
  • 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 0

Nothing stands out yet from the filings alone.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 48since 2014
  • 55since 2014
  • 47since 2016
  • 50since 2023
  • 44since 2023
  • 44since 2023
Accounts on public record
Year toTurnoverStaffCash
2024-04-30not filed56£599k
2023-04-30not filed54£1.1M
2021-04-30not filed46£1.1M

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.

Close the gap

The range above exists because your turnover is not on public record. Tell us what it actually is and we will place you exactly against your trade, and send it back.

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.