What a buyer sees
EUROPEAN TOUGHENED GLASS (UK) LIMITED
Non-specialised wholesale trade · Park Royal · 02916073
73staff · FY2023
32years trading
75oldest owner on file
£3.7Mcash at bank
Your turnover is on public record
filed£7.9Mfor 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
Staff73
202187 → 732023
Cash at bank£3.7M
2021£4.5M → £3.7M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£108,378below almost all
£121,758£262,690£455,471
Debtor daysdays38in the middle half
195078
Creditor daysdays61
113257
Stock daysdays24in the bottom quarter
2052120
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
- 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.
- Everyone on the board is over 60There is no one on the register a buyer can see taking the business on. That is a discount if it stays that way and a negotiating point if it changes.
- Headcount fell from 85 to 73A 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 3
- 32 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Stock days better than three quarters of your tradeYours is 24 against 52 for the middle of 124 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
- 75since 2016
Directors
- 75since 1994
- since 1994
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-04-30 | £7.9M | 73 | £3.7M |
| 2022-04-30 | £7.8M | 85 | £5.4M |
| 2021-04-30 | £6.3M | 87 | £4.5M |
A rough bracket, and why it is only that
0.35–0.55× sales£2.8M£4.3M
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.