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What a buyer sees

LEEN GATE METALS LIMITED

Wholesale of metals and metal ores · Nottingham · 04005727

35staff · FY2023
26years trading
—oldest owner on file
£43kcash at bank

Your turnover is on public record

filed
£13Mfor 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

Staff35
202145 → 352023
Cash at bank£43k
2021£63k → £43k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£358,991in the bottom quarter
£358,991
£334,382£745,544£1,769,929
Debtor daysdays82in the middle half
82
436798
Creditor daysdays66
66
105170
Stock daysdays71in the middle half
71
2051128

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 35 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 2

  • 26 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • since 2000
  • 53since 2011
  • 46since 2016
Accounts on public record
Year toTurnoverStaffCash
2023-09-30£13M35£43k
2022-09-30£15M35£27k
2021-09-30£16M45£63k

A rough bracket, and why it is only that

0.35–0.55× sales
£4.4M
£6.9M

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.