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What a buyer sees

SKN ELECTRICAL SERVICES LIMITED

Human resources provision and management of human resources functions · Blackpool · 05950064

76staff · FY2023
20years trading
49oldest owner on file
£833kcash at bank

Your turnover is on public record

filed
£23Mfor 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

Staff76
202274 → 762023
Cash at bank£833k
2022£1.1M → £833k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£302,604in the top quarter
£302,604
£20,015£84,667£409,346
Debtor daysdays93in the top quarter
93
1537101
Creditor daysdays17
17
92573
Stock daysdays21in the middle half
21
62077

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 41 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • Debtor days run high for your tradeYours is 93 against 37 for the middle of 41 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

  • 20 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
  • Sales per employee better than three quarters of your tradeYours is 302,604 against 84,667 for the middle of 47 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

  • 49since 2016

Directors

  • 49since 2006
  • 55since 2009
  • since 2009
Accounts on public record
Year toTurnoverStaffCash
2023-03-31£23M76£833k
2022-03-31£17M74£1.1M

A rough bracket, and why it is only that

0.15–0.3× sales
£3.5M
£6.9M

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.