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What a buyer sees

BOWMED IBISQUS LIMITED

Wholesale of pharmaceutical goods · Manchester · 06204088

10staff · FY2023
19years trading
—oldest owner on file
£1.2Mcash at bank

Your turnover is on public record

filed
£26Mfor 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

Staff10
20229 → 102023
Cash at bank£1.2M
2022£5.6M → £1.2M2023

How you sit in your trade

slowest tenth typical fastest tenth you
Sales per employee£2,637,250above almost all
£2,637,250
£262,123£642,600£1,529,295
Debtor daysdays50in the middle half
50
3555103
Creditor daysdays44
44
103090
Stock daysdays100in the top quarter
100
1741104

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 6

  • 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.
  • 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.
  • Everyone on the board is over 60There is no one on the register a buyer can see taking the business on. That is a discount if it stays that way and a negotiating point if it changes.
  • 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 100 against 41 for the middle of 36 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 2

  • Headcount grew from 9 to 10Growth a buyer can verify without asking you for anything.
  • Sales per employee better than three quarters of your tradeYours is 2,637,250 against 642,600 for the middle of 41 comparable companies.

What the register says

Owners

Nobody recorded with significant control.

Directors

  • 64since 2015
Accounts on public record
Year toTurnoverStaffCash
2023-12-31£26M10£1.2M
2022-12-31£22M9£5.6M

A rough bracket, and why it is only that

0.35–0.55× sales
£9.2M
£15M

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.

Tell us the rest

Your turnover is on file, but the things that set a price are not: margin, customer concentration, who would run it next. Tell us where you are and we will read it properly.

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.