What a buyer sees
ADMIRAL HARDING LIMITED
Non-specialised wholesale trade · Bristol · 05578326
54staff · FY2023
21years trading
64oldest owner on file
£649kcash at bank
Your turnover is on public record
filed£12Mfor 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
Staff54
202154 → 542023
Cash at bank£649k
2021£979k → £649k2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£229,330in the middle half
£121,758£262,690£455,471
Debtor daysdays6below almost all
195078
Creditor daysdays32
113257
Stock daysdays20in the bottom quarter
2052120
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
- 21 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
- Debtor days better than three quarters of your tradeYours is 6 against 50 for the middle of 118 comparable companies.
- Stock days better than three quarters of your tradeYours is 20 against 52 for the middle of 124 comparable companies.
What the register says
Owners
- 64since 2023
- 62since 2023
Directors
- 64since 2005
- 62since 2005
- 56since 2005
- 44since 2022
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £12M | 54 | £649k |
| 2022-12-31 | £14M | 55 | £663k |
| 2021-12-31 | £9.2M | 54 | £979k |
A rough bracket, and why it is only that
0.35–0.55× sales£4.3M£6.8M
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.