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What a buyer sees

TRUETRACE LTD

Security systems service activities · Gloucester · 11515034

1staff · FY2023
8years trading
33oldest owner on file
—cash at bank

Nobody can see what you turn over

11.8× spread
£33k
£389k

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: 1 figure against 36 companies in the same trade. An opening offer is built on the bottom of it.

What your filings show moving

Staff1
20211 → 12023
Cash at bank£0k
2021£0k → £0k2022

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£34,853£89,901£236,075
Debtor daysdaysnot on your filings
305695
Creditor daysdaysnot on your filings
142463
Stock daysdaysnot on your filings
631250

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 2

  • The newest accounts on file are 36 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • 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

  • 33since 2018

Directors

No current directors loaded.

Accounts on public record
Year toTurnoverStaffCash
2023-08-31£0k1—
2022-08-31£2k1£0k
2021-08-31£3k1£0k

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.