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What a buyer sees

REID BIKES LIMITED

Retail sale of sports goods, fishing gear, camping goods, boats and bicycles · Poole · 09295016

13staff · FY2024
12years trading
77oldest owner on file
£315kcash at bank

Nobody can see what you turn over, including us

unknowable
?
?

We size companies from the rest of the balance sheet. For this one, what you have filed does not narrow it to anything worth quoting, and we would rather say so than put a number here. That is the position every buyer looking at you is in, and they price uncertainty rather than ask about it.

What your filings show moving

Staff13
20229 → 132024
Cash at bank£315k
2022£443k → £315k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£16,413£118,675£401,615
Debtor daysdaysnot on your filings
154790
Creditor daysdaysnot on your filings
1535125
Stock daysdaysnot on your filings
24106318

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 3

  • 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. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 26 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 2

  • Headcount grew from 11 to 13Growth a buyer can verify without asking you for anything.
  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

  • 77since 2016
  • 44since 2016
  • 40since 2016

Directors

  • 77since 2014
  • 44since 2014
  • 40since 2014
Accounts on public record
Year toTurnoverStaffCash
2024-06-30not filed13£315k
2023-06-30not filed11£241k
2022-06-30not filed9£443k

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.