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What a buyer sees

H2O PLUMBING & HEATING SERVICES LTD.

Other business support service activities n.e.c. · Maidenhead · 03688190

64staff · FY2023
28years trading
60oldest owner on file
£111kcash at bank

Your turnover is on public record

filed
£11Mfor 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

Staff64
202277 → 642023
Cash at bank£111k
2022£39k → £111k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£177,181in the middle half
£177,181
£45,518£151,784£486,559
Debtor daysdays5below almost all
5
1447102
Creditor daysdays60
60
92769
Stock daysdays0below almost all
0
62889

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 41 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • Headcount fell from 77 to 64A 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

  • 28 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • Debtor days better than three quarters of your tradeYours is 5 against 47 for the middle of 279 comparable companies.
  • Stock days better than three quarters of your tradeYours is 0 against 28 for the middle of 113 comparable companies.
  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

  • 60since 2016

Directors

  • 60since 1998
  • 58since 2002
  • since 2006
Accounts on public record
Year toTurnoverStaffCash
2023-03-31£11M64£111k
2022-03-31£9.1M77£39k

A rough bracket, and why it is only that

0.4–0.9× sales
£4.5M
£10M

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.

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.

Tell us the rest

Your turnover is on file, but the things that set a price are not: margin, customer concentration, who would run it next. Tell us where you are and we will read it properly.

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.