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What a buyer sees

NOEL GRIMLEY ELECTRICS LIMITED

Retail sale of electrical household appliances in specialised stores · NI012573

15staff · FY2024
48years trading
—oldest owner on file
£440kcash at bank

Nobody can see what you turn over

11.3× spread
£310k
£3.5M

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: 3 figures against 1,452 companies in the same sector and size. An opening offer is built on the bottom of it.

What your filings show moving

Staff15
202219 → 152024
Cash at bank£440k
2022£764k → £440k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£87,459£464,006£1,513,474
Debtor daysdaysnot on your filings
154790
Creditor daysdaysnot on your filings
102974
Stock daysdaysnot on your filings
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 5

  • 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 £310k and £3.5M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 29 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • A director resigned in the past yearA buyer will ask why, and will hear the answer from somewhere. Better from you.
  • Headcount fell from 18 to 15A 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 1

  • 48 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 61since 1978
  • 86since 1978
  • 57since 2022
Accounts on public record
Year toTurnoverStaffCash
2024-03-31not filed15£440k
2023-03-31not filed18£433k
2022-03-31not filed19£764k

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.