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What a buyer sees

LATONA LEISURE LIMITED

Hotels and similar accommodation · Bath · 02777532

144staff · FY2024
33years trading
69oldest owner on file
£663kcash at bank

Your turnover is on public record

filed
£7.7Mfor the year to 2024

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

Staff144
2022135 → 1442024
Cash at bank£663k
2022£991k → £663k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£53,622in the middle half
£53,622
£34,449£52,234£92,550
Debtor daysdays2below almost all
2
71234
Creditor daysdays10
10
92050
Stock daysdays3below almost all
3
4632

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

  • The newest accounts on file are 31 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.
  • 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 4

  • 33 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 2 against 12 for the middle of 136 comparable companies.
  • Stock days better than three quarters of your tradeYours is 2 against 6 for the middle of 123 comparable companies.
  • A board that has been together ten years or moreContinuity a buyer does not have to take on trust.

What the register says

Owners

  • 69since 2016
  • 69since 2016

Directors

  • 69since 1993
  • 69since 1994
Accounts on public record
Year toTurnoverStaffCash
2024-01-31£7.7M144£663k
2023-01-31£7.9M146£856k
2022-01-31£6.3M135£991k

A rough bracket, and why it is only that

0.4–0.9× sales
£3.1M
£7.0M

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.

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.

Tell us the rest

Your turnover is on file, but the things that set a price are not: margin, customer concentration, who would run it next. Tell us where you are and we will read it properly.

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.