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What a buyer sees

MG DRAINAGE LIMITED

Remediation activities and other waste management services · Watford · 03929972

13staff · FY2023
26years trading
60oldest owner on file
£278kcash at bank

Nobody can see what you turn over

8.0× spread
£112k
£903k

You file abbreviated accounts, as almost every company your size does, so the profit and loss account is not on public record. That band is what your balance sheet implies to anyone who looks: 3 figures against 46 companies in the same trade. An opening offer is built on the bottom of it.

What your filings show moving

Staff13
20210 → 132023
Cash at bank£278k
2021£311k → £278k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£34,872£151,500£986,153
Debtor daysdaysnot on your filings
134777
Creditor daysdaysnot on your filings
122770
Stock daysdaysnot on your filings
616101

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. Working only from what you filed, the range lands between £112k and £903k. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 38 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 1

  • 26 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.

What the register says

Owners

  • 60since 2018

Directors

No current directors loaded.

Accounts on public record
Year toTurnoverStaffCash
2023-06-30not filed13£278k
2022-06-30not filed13£357k
2021-06-30not filed0£311k

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.