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What a buyer sees

ICEBERG SEAFOODS LTD

Wholesale of other food, including fish, crustaceans and molluscs · Salisbury · 12083143

36staff · FY2023
7years trading
oldest owner on file
£334kcash at bank

Nobody can see what you turn over

3.3× spread
£2.1M
£7.1M

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 37 companies in the same trade. An opening offer is built on the bottom of it.

What your filings show moving

Staff36
202237362023
Cash at bank£334k
2022£494k£334k2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£150,331£401,586£2,327,261
Debtor daysdaysnot on your filings
204076
Creditor daysdaysnot on your filings
162649
Stock daysdaysnot on your filings
84081

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

  • 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 £2.1M and £7.1M. An opening offer is built on the low end of whatever they guess.
  • 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.
  • One director on the registerA buyer's first question about a company run by one person is what happens to it if that person stops. It is usually the first thing priced.
  • 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 0

Nothing stands out yet from the filings alone.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 59since 2019
Accounts on public record
Year toTurnoverStaffCash
2023-03-30not filed36£334k
2022-03-30not filed37£494k

A rough bracket, and why it is only that

0.350.55× sales
£740k
£3.9M

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.

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.