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What a buyer sees

STEAM PLANT ENGINEERING LIMITED

Repair of other equipment · Halesowen · 04198992

31staff · FY2023
25years trading
—oldest owner on file
£127kcash at bank

Your turnover is on public record

filed
£4.3Mfor 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

Staff31
202224 → 312023
Cash at bank£127k
2022£131k → £127k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£137,313in the middle half
£137,313
£38,928£121,744£272,757
Debtor daysdays81in the top quarter
81
2347131
Creditor daysdays14
14
112574
Stock daysdays6below almost all
6
636127

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 4

  • 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.
  • A director resigned in the past yearA buyer will ask why, and will hear the answer from somewhere. Better from you.
  • Debtor days run high for your tradeYours is 81 against 47 for the middle of 55 comparable companies. That gap is working capital a buyer has to fund on day one, and it comes off the price.
  • 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

  • 25 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • Headcount grew from 24 to 31Growth a buyer can verify without asking you for anything.
  • Stock days better than three quarters of your tradeYours is 6 against 36 for the middle of 38 comparable companies.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • since 2001
  • 52since 2021
  • 52since 2021
Accounts on public record
Year toTurnoverStaffCash
2023-12-31£4.3M31£127k
2022-12-31£3.5M24£131k

A rough bracket, and why it is only that

0.4–0.9× sales
£1.7M
£3.8M

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.

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.