What a buyer sees
POLAR AUDIO LIMITED
Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played · Bexley · 00957438
30staff · FY2023
57years trading
—oldest owner on file
£2.7Mcash at bank
Your turnover is on public record
filed£11Mfor 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
Staff30
202129 → 302023
Cash at bank£2.7M
2021£3.1M → £2.7M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£361,617in the middle half
£87,459£464,006£1,513,474
Debtor daysdays37in the middle half
154790
Creditor daysdays20
102974
Stock daysdays185above almost all
1150141
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 32 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.
- Stock days run high for your tradeYours is 185 against 50 for the middle of 1,657 comparable companies. That gap is working capital a buyer has to fund on day one, and it comes off the price.
- 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
- 57 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 2014
- 73
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £11M | 30 | £2.7M |
| 2021-12-31 | £13M | 29 | £3.1M |
A rough bracket, and why it is only that
0.35–0.55× sales£3.8M£6.0M
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.