What a buyer sees
VARFELL FARMS LTD
Growing of other non-perennial crops · Penzance · 03007729
206staff · FY2023
31years trading
—oldest owner on file
£6kcash at bank
Your turnover is on public record
filed£23Mfor 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
Staff206
202138 → 2062023
Cash at bank£6k
2021£8k → £6k2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£109,478in the middle half
£67,121£151,072£330,129
Debtor daysdays10below almost all
133559
Creditor daysdays36
132962
Stock daysdays34in the middle half
942145
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 3
- 31 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Headcount grew from 133 to 206Growth a buyer can verify without asking you for anything.
- Debtor days better than three quarters of your tradeYours is 10 against 35 for the middle of 113 comparable companies.
What the register says
Owners
Nobody recorded with significant control.
Directors
- 59since 2019
- 48since 2019
- 42since 2022
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £23M | 206 | £6k |
| 2022-12-31 | £19M | 133 | £9k |
| 2021-12-31 | £14M | 38 | £8k |
A rough bracket, and why it is only that
0.4–0.9× sales£9.0M£20M
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.