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What a buyer sees

MICHELS VENTURES 2 LIMITED

Hotels and similar accommodation · London · 10798692

258staff · FY2023
9years trading
—oldest owner on file
£1.8Mcash at bank

Your turnover is on public record

filed
£12Mfor 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

Staff258
2021207 → 2582023
Cash at bank£1.8M
2021£4.6M → £1.8M2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£44,578in the middle half
£44,578
£40,411£48,015£81,664
Debtor daysdays8in the bottom quarter
8
71368
Creditor daysdays15
15
112039
Stock daysdays4below almost all
4
4634

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 32 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

  • Debtor days better than three quarters of your tradeYours is 8 against 13 for the middle of 252 comparable companies.
  • Stock days better than three quarters of your tradeYours is 4 against 6 for the middle of 184 comparable companies.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 80since 2017
  • since 2019
  • 48since 2026
Accounts on public record
Year toTurnoverStaffCash
2023-12-31£12M258£1.8M
2022-12-31£11M252£4.9M
2021-12-31£7.7M207£4.6M

A rough bracket, and why it is only that

0.4–0.9× sales
£4.6M
£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.