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What a buyer sees

SIMPLE ONLINE HEALTHCARE LIMITED

Dispensing chemist in specialised stores · Glasgow · SC498329

95staff · FY2024
11years trading
—oldest owner on file
£1.6Mcash at bank

Your turnover is on public record

filed
£17Mfor the year to 2024

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

Staff95
202127 → 952024
Cash at bank£1.6M
2021£671k → £1.6M2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£174,584in the top quarter
£174,584
£95,753£142,090£223,271
Debtor daysdays5below almost all
5
263053
Creditor daysdays43
43
284463
Stock daysdays11below almost all
11
131935

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 31 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 4

  • Sales per employee better than three quarters of your tradeYours is 174,584 against 142,090 for the middle of 38 comparable companies.
  • Debtor days better than three quarters of your tradeYours is 5 against 30 for the middle of 33 comparable companies.
  • Stock days better than three quarters of your tradeYours is 11 against 19 for the middle of 38 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

Nobody recorded with significant control.

Directors

  • 43since 2015
  • 42since 2015
Accounts on public record
Year toTurnoverStaffCash
2024-02-29£17M95£1.6M
2023-02-28£21M88£686k
2022-02-28not filed69£763k
2021-02-28not filed27£671k

A rough bracket, and why it is only that

0.25–0.5× sales
£4.2M
£8.3M

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.