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What a buyer sees

WILLIE MCEWAN & SONS LIMITED

Plastering · Alloa · SC188557

18staff · FY2023
28years trading
78oldest owner on file
£29kcash at bank

Nobody can see what you turn over

8.4× spread
£156k
£1.3M

You file abbreviated accounts, as almost every company your size does, so the profit and loss account is not on public record. That band is what your balance sheet implies to anyone who looks: 4 figures against 751 companies in the same sector and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff18
202121 → 182023
Cash at bank£29k
2021£62k → £29k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£70,889£394,964£1,254,166
Debtor daysdaysnot on your filings
112389
Creditor daysdaysnot on your filings
133369
Stock daysdaysnot on your filings
622228

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

  • Your turnover is not on fileYou file abbreviated accounts, as most companies your size do, so a buyer cannot see what the business turns over and has to estimate it. Working only from what you filed, the range lands between £156k and £1.3M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 33 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.
  • 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

  • 28 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

  • 71since 2016
  • 78since 2016

Directors

  • 78since 1998
  • since 1999
Accounts on public record
Year toTurnoverStaffCash
2023-11-30not filed18£29k
2022-11-30not filed19£46k
2021-11-30not filed21£62k

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.

Close the gap

The range above exists because your turnover is not on public record. Tell us what it actually is and we will place you exactly against your trade, and send it back.

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.