← Look up another company

What a buyer sees

PROGRESSIVE PRODUCTS LIMITED

Agents involved in the sale of timber and building materials · Powys · 02675431

11staff · FY2024
34years trading
72oldest owner on file
£937kcash at bank

Nobody can see what you turn over

8.1× spread
£483k
£3.9M

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: 4 figures against 47 companies in the same trade and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff11
202212 → 112024
Cash at bank£937k
2022£1.2M → £937k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£209,906£564,023£1,148,296
Debtor daysdaysnot on your filings
245785
Creditor daysdaysnot on your filings
183765
Stock daysdaysnot on your filings
193670

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 £483k and £3.9M. An opening offer is built on the low end of whatever they guess.
  • 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.
  • Headcount fell from 13 to 11A 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 1

  • 34 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.

What the register says

Owners

  • 72since 2016

Directors

  • 59since 2000
  • since 2017
  • 37since 2023
Accounts on public record
Year toTurnoverStaffCash
2024-03-31not filed11£937k
2023-03-31not filed13£1.1M
2022-03-31not filed12£1.2M

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.