What a buyer sees
ASC METALS LINCOLN LIMITED
Non-specialised wholesale trade · North Hykeham Lincoln · 03443750
29staff · FY2023
29years trading
—oldest owner on file
£1.8Mcash 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
Staff29
202138 → 292023
Cash at bank£1.8M
2021£15k → £1.8M2023
How you sit in your trade
slowest tenth typical fastest tenth youSales per employee£359,945in the middle half
£165,955£424,674£1,097,429
Debtor daysdays52in the middle half
225791
Creditor daysdays39
92661
Stock daysdays129in the top quarter
2262151
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 5
- 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.
- Headcount fell from 33 to 29A buyer sees the fall and not the reason. Deliberate tightening and losing people look identical on a filing.
- Stock days run high for your tradeYours is 129 against 62 for the middle of 208 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
- 29 years of trading on fileLongevity is the cheapest evidence there is that the business is not one contract.
What the register says
Owners
Nobody recorded with significant control.
Directors
- 57since 1997
- 55since 2026
| Year to | Turnover | Staff | Cash |
|---|---|---|---|
| 2023-12-31 | £10M | 29 | £1.8M |
| 2022-12-31 | £13M | 33 | £182k |
| 2021-12-31 | not filed | 38 | £15k |
A rough bracket, and why it is only that
0.35–0.55× sales£3.6M£5.7M
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.