What a buyer sees
PARKINSON - SPENCER REFRACTORIES LIMITED
Manufacture of refractory products · 00175597
95staff · FY2023
105years trading
37oldest owner on file
£155kcash at bank
Your turnover is on public record
filed£10Mfor 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
Staff95
202289 → 952023
Cash at bank£155k
2022£153k → £155k2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£108,381in the bottom quarter
£88,871£162,513£362,127
Debtor daysdays54in the middle half
265687
Creditor daysdays36
143363
Stock daysdays116above almost all
1245115
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.
- Stock days run high for your tradeYours is 116 against 45 for the middle of 2,028 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 1
- 105 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
What the register says
Owners
- 37since 2024
Directors
- 37since 2015
- since 2016
- 55since 2026
- 58since 2026
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £10M | 95 | £155k |
| 2022-12-31 | £6.9M | 89 | £153k |
A rough bracket, and why it is only that
0.4–0.9× sales£4.1M£9.3M
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.