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What a buyer sees

IRIS FASHION LIMITED

Retail sale of clothing in specialised stores · Carlisle · 12657100

20staff · FY2024
6years trading
—oldest owner on file
£33kcash at bank

Nobody can see what you turn over

11.9× spread
£983k
£12M

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

What your filings show moving

Staff20
202222 → 202024
Cash at bank£33k
2022£263k → £33k2024

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employeenot on your filings
£29,088£117,250£383,903
Debtor daysdaysnot on your filings
819116
Creditor daysdaysnot on your filings
1029107
Stock daysdaysnot on your filings
1853200

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 £983k and £12M. An opening offer is built on the low end of whatever they guess.
  • The newest accounts on file are 29 months oldAnyone looking at the company today is reading a year that has already ended. Whatever has improved since is invisible.
  • Headcount fell from 35 to 20A buyer sees the fall and not the reason. Deliberate tightening and losing people look identical on a filing.
  • 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

  • 56since 2020
  • 54since 2020
  • 65since 2020
  • 59since 2024
Accounts on public record
Year toTurnoverStaffCash
2024-03-31not filed20£33k
2023-03-31not filed35£72k
2022-03-31not filed22£263k

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.