What a buyer sees
THERMOTEKNIX SYSTEMS LIMITED
Manufacture of other special-purpose machinery n.e.c. · Cambridge · 01624251
66staff · FY2023
44years trading
76oldest owner on file
£13Mcash at bank
Nobody can see what you turn over
6.0× spread£4.2M£25M
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 51 companies in the same trade and size. An opening offer is built on the bottom of it.
What your filings show moving
Staff66
202160 → 662023
Cash at bank£13M
2021£9.9M → £13M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employeenot on your filings
£96,048£146,590£289,145
Debtor daysdaysnot on your filings
245391
Creditor daysdaysnot on your filings
152661
Stock daysdaysnot on your filings
2974163
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 £4.2M and £25M. An opening offer is built on the low end of whatever they guess.
- The newest accounts on file are 40 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.
- 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 3
- 44 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Headcount grew from 59 to 66Growth a buyer can verify without asking you for anything.
- A board that has been together ten years or moreContinuity a buyer does not have to take on trust.
What the register says
Owners
- 76since 2016
Directors
- 71since 1992
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-04-30 | not filed | 66 | £13M |
| 2022-04-30 | £10M | 59 | £9.7M |
| 2021-04-30 | £16M | 60 | £9.9M |