Sample Exit Readiness Report
A fictional business, run through the report’s checks. Every number comes from its invented documents.
Fictional business — sample report
Quellbrook Haulage Ltd doesn’t exist, and every figure is invented. What you see is the report our checks produce from its documents, laid out as an owner reads it.
Like a real report, it opens with a short written summary and a 90-day plan, and is signed off by a named member of the teasr team: on this sample, Sam Inskip, one of teasr’s two founders.
How we checkQuellbrook Haulage Ltd · Fictional business — sample report
Quellbrook Haulage Ltd
How a buyer will read your business, and what to do first
- Prepared for
- The directors of Quellbrook Haulage Ltd
- Figures checked on
- 5 October 2026
- Version
- 1
- Reviewed by
- Sam Inskip, teasr, 7 October 2026
At a glance
The headline
£250,000of your FY25 profit a buyer is likely to question
With one-off and personal costs added back, you put your profit at £700,000. From the documents you have today, a buyer is likely to accept £450,000. This report shows you how to close that gap.
Six areas a buyer will look at
4 where a buyer will push back · 2 that need work
Each area of the business has a status: Ready, Needs work, or A buyer will push back. There is no overall score.
- Your figuresA buyer will push back
Some of your documents give different figures for the same thing. A buyer won’t trust either one until you explain the difference.
To fix it: Explain why your documents give different figures · Your accountant, a few weeks
- Add-backsA buyer will push back
At least one cost you’ve added back is the kind buyers usually refuse, or it comes back every year even though you call it a one-off.
To fix it: Drop the added-back costs a buyer is likely to refuse, or prove them · Your accountant, a few weeks
- CustomersA buyer will push back
One customer, or a few, bring in so much of your income that a buyer will worry about losing them.
To fix it: Make your biggest customers less likely to leave if you sell · You, three months or more
- Dependence on youA buyer will push back
The business hasn’t yet run without you. A buyer will want to know it can before they commit.
To fix it: Show the business can run without you · You, three months or more
- Cash and working capitalNeeds work
There are questions to get ready for about your cash, or about the money tied up in day-to-day running (what customers owe you, your stock, and what you owe suppliers). Or we don’t have enough figures to check.
To fix it: List the money that has moved between you and the company · Your accountant, a few weeks
- DocumentsNeeds work
Your accounts are here, but some papers a buyer asks for early are missing or out of date.
To fix it: Add the papers a buyer asks for early · You, a few days
Summary
The most important thing is that your figures do not agree. Your own monthly accounts show sales of £3,550,000 for FY25, but the accounts you file at Companies House show £3,400,000. Ask your accountant to find the difference first, because a buyer will not trust either figure until it is explained. Add-backs, the one-off costs you add back to show your normal profit, come to £250,000 for FY25. Two are likely to be challenged and two need evidence. A buyer's accountants will test each one and ask for the paperwork. Your largest customer brings in 80.0% of your FY25 income. A buyer will ask for the contract and what happens to it if you sell. The business has not yet run without you. A buyer will want to see that it can before they commit. Cash and working capital needs work. Working capital is the money tied up in what customers owe you, your stock and what you owe suppliers. Documents needs work too.
What the words in this report mean
- Add-back
- A cost in your accounts that a new owner wouldn’t have, like a one-off legal bill or your own salary above the going rate. It’s added back to your profit.
- Adjusted profit
- Your profit with those costs added back, so a buyer can see what the business makes in a normal year.
- EBITDA
- Profit before interest, tax, and the wear and tear on equipment (depreciation). Buyers use it to compare businesses fairly.
- Management accounts
- The monthly or quarterly figures you or your bookkeeper produce, as opposed to the yearly accounts filed at Companies House.
- Working capital
- The money tied up in running the business day to day: what customers owe you and the stock you hold, less what you owe suppliers.
- Due diligence
- The weeks a buyer’s accountants and lawyers spend checking your business before they agree to buy it.
- Change of control
- What a contract says happens if the company is sold. Some let the customer or supplier walk away.
Your 90-day plan
Where to start
Start now by asking your accountant to find out why your figures disagree and to go through your added-back costs with you. While they work on that, you can begin stepping away so the business runs without you, and get written contracts in place with your biggest customers. Begin the time away early, because it takes longest to show.
Every step to fix what this report found, over the next 90 days, most important first: who does it, roughly how long it takes, and how you’ll know it’s done.
Start now: weeks 1 and 26 steps
Explain why your documents give different figures
Your accountantA few weeksFixes: Your figures
Done when: You’ve replaced the document that’s wrong, or your accountant has written down why the figures differ, and our check shows they now match.
Explain how your figures differ from what you filed at Companies House
Your accountantA few weeksFixes: Your figures
Done when: Your documents match what you filed, or a note from your accountant explains each difference.
Drop the added-back costs a buyer is likely to refuse, or prove them
Your accountantA few weeksFixes: Add-backs
Done when: Each one is taken out, or has a document showing why it was a one-off.
Go through your added-back costs one by one with your accountant
Your accountantA few weeksFixes: Add-backs
Done when: Your accountant has checked each one, and the list in your workspace shows it.
Show the business can run without you
YouThree months or moreFixes: Dependence on you
Done when: The business has run for at least four weeks without you, and a note says who covered what.
Make your biggest customers less likely to leave if you sell
YouThree months or moreFixes: Customers
Done when: Each big customer has a written contract in your workspace, you know what it says happens if the company is sold, and someone other than you looks after them.
Next: months 1 and 25 steps
Attach a document to each added-back cost that needs one
YouA few daysFixes: Add-backs
Done when: Every added-back cost has an invoice, a payroll record or an agreement attached in your workspace.
Explain the added-back costs that are new this year
YouA few daysFixes: Add-backs
Done when: Each new one has a document showing it won’t happen again.
Add the papers a buyer asks for early
YouA few daysFixes: Documents
Done when: Each one listed is in your workspace, or you’ve told us it doesn’t apply.
List the money that has moved between you and the company
Your accountantA few weeksFixes: Cash and working capital
Done when: Your accountant has listed each payment outside your salary and dividends with the reason for it (this is your director’s loan account), and you’ve agreed how to clear what’s owed before a sale.
Put together your month-end figures for what’s owed and your stock
Your accountantA few weeksFixes: Cash and working capital
Done when: For each month, up to the last 24, what customers owed you, what you owed suppliers and the stock you held are in your workspace, with a list of who owes you money and for how long.
Later: month 32 steps
Write down why you kept more of each pound of sales last year
YouA few daysFixes: Your figures
Done when: A note is in your workspace with the reason and the proof: new prices, a different mix of work, or a cost that stopped.
Write a short note on the small differences between your documents
Your accountantA few daysFixes: Your figures
Done when: A note explaining each small difference is in your workspace.
Figures checked against each other
Where the same figure appears in more than one place, we checked that they agree. A difference isn’t necessarily wrong, but a buyer will ask about it.
| Figure | Year | Where it appears | Result |
|---|---|---|---|
| Turnover | FY23 |
| Only in one documentOnly one document gives this figure, so there is nothing to check it against. |
| Turnover | FY24 | Small differenceThe sources differ by more than rounding, but by less than 1% of the larger figure. A buyer’s accountants will still ask what the reconciling items are. | |
| Turnover | FY25 | Don’t agreeThese figures don’t agree with each other. Until the difference is explained, a buyer will not know which one to work from. | |
| EBITDA | FY23 |
| Only in one documentOnly one document gives this figure, so there is nothing to check it against. |
| EBITDA | FY24 |
| Only in one documentOnly one document gives this figure, so there is nothing to check it against. |
| EBITDA | FY25 | Agree2 sources agree within rounding. | |
| Turnover | FY25 | Don’t agreeThe figure filed at Companies House, against the same year in your documents. These figures don’t agree with each other. Until the difference is explained, a buyer will not know which one to work from. |
From reported to adjusted profit
Your reported profit, each add-back you claim, and the adjusted profit a buyer is likely to accept on the evidence you have today.
FY25
- Profit before interest, tax and depreciation (EBITDA)£450,000S8
- + Exceptional consultancy feesLikely to be challenged£50,000S11
- + Owner salary above market rateNeeds evidence£120,000S19
- + Marketing campaign for the new depotLikely to be challenged£60,000S20
- + Owner personal car costsNeeds evidence£20,000S21
- Your profit, as you see it£700,000S23
- Your profit, as a buyer is likely to see it today£450,000S24
Show these figures as a table
| Profit before interest, tax and depreciation (EBITDA) | £450,000S8 | |
|---|---|---|
| Add back: Exceptional consultancy fees | Likely to be challenged | £50,000S11 |
| Add back: Owner salary above market rate | Needs evidence | £120,000S19 |
| Add back: Marketing campaign for the new depot | Likely to be challenged | £60,000S20 |
| Add back: Owner personal car costs | Needs evidence | £20,000S21 |
| Adjusted profit, as you claim it | £700,000S23 | |
| Adjusted profit, on today’s evidence | £450,000S24 | |
| Difference a buyer is likely to question | £250,000S25 |
Earlier years (FY23, FY24)
FY23
| Profit before interest, tax and depreciation (EBITDA) | £400,000S6 | |
|---|---|---|
| Add back: Exceptional consultancy fees | Likely to be challenged | £40,000S11 |
| Adjusted profit, as you claim it | £440,000S13 | |
| Adjusted profit, on today’s evidence | £400,000S14 | |
| Difference a buyer is likely to question | £40,000S15 |
FY24
| Profit before interest, tax and depreciation (EBITDA) | £420,000S7 | |
|---|---|---|
| Add back: Exceptional consultancy fees | Likely to be challenged | £45,000S11 |
| Adjusted profit, as you claim it | £465,000S16 | |
| Adjusted profit, on today’s evidence | £420,000S17 | |
| Difference a buyer is likely to question | £45,000S18 |
Your add-backs, as a buyer will read them
Each add-back you told us about, how a buyer’s accountant is likely to see it, and why.
- Exceptional consultancy feesLikely to be challenged
"Exceptional consultancy fees" is described as one-off, but it appears in 3 of the 3 years shown (FY23, FY24, FY25). A cost that comes back each year is read as part of running the business.
FY23 £40,000S11FY24 £45,000S11FY25 £50,000S11
Evidence: Consultancy invoices.pdf
- Owner salary above market rateNeeds evidence
There is no document attached to "Owner salary above market rate". A buyer’s accountants will ask for the invoice, payroll record or agreement before counting it.
FY25 £120,000S19
- Marketing campaign for the new depotLikely to be challenged
"Marketing campaign for the new depot" reads as marketing investment. A buyer’s accountants treat that as a normal cost of running the business and usually take it out of the adjusted profit.
FY25 £60,000S20
- Owner personal car costsNeeds evidence
There is no document attached to "Owner personal car costs". A buyer’s accountants will ask for the invoice, payroll record or agreement before counting it.
FY25 £20,000S21
Questions a buyer will ask
The questions a buyer’s due diligence team is likely to ask about your business specifically.
Not answered by your documents yet (23)
- Your documents give different figures for the same thing. Which is right, and why is the other one different?
- The accounts at Companies House say something different from what you’ve sent me. Why?
- This added-back cost looks like a normal cost of running the business. Why should I add it back?
- You call this cost a one-off, but it’s there in more than one year. Why is it a one-off?
- Added-back costs are a big part of the profit you’re claiming. Which would you defend first?
- Why do these added-back costs appear for the first time in the year before a sale?
Show 17 more questions
- Why did you keep more of each pound of sales in the latest year, and will that last?
- What happens if your biggest customer leaves in the first year after the sale? Can I see their contract?
- Who looks after each of your biggest customers: someone in the company, or you?
- Has money moved between you and the company, apart from your salary and dividends? Will it be paid back before the sale?
- Take me from the profit in your accounts to the profit you’re claiming, one added-back cost at a time.
- Show me the invoice, payroll record or agreement behind each cost you’ve added back.
- How close have your monthly figures been to your final yearly accounts in past years?
- Who runs the business when you’re away, and what’s the longest it has run without you?
- What do you do each week that nobody else can, and how will you hand it over?
- At each month end, what did customers owe you, what did you owe suppliers, and how much stock did you hold? What’s normal for your business?
- Is HMRC looking into anything, and are all your tax returns filed?
- “Exceptional consultancy fees” looks like a cost the business will keep paying. Why should it be added back?
- “Marketing campaign for the new depot” looks like a cost the business will keep paying. Why should it be added back?
- What document shows “Owner salary above market rate”, and that it won’t happen again?
- What document shows “Owner personal car costs”, and that it won’t happen again?
- Show me what each customer spent with you in each of the last three years.
- Can any customer end their contract if the company is sold?
Already answered by your documents (2)
- Can I see your last three years of accounts?
- How has trading gone since your last monthly figures?
Documents a buyer will ask for
What a buyer will ask to see that we don’t have, and why they want it.
Asked for early by most buyers
- Aged debtors at the last two year ends and the latest month end, with bad debts written off · Nothing is filed against this item yetAged debtors show whether the revenue is being collected, and whether any of it is doubtful.
- Sales and gross margin by customer, product or service, and month · Nothing is filed against this item yetRevenue by customer shows how dependent the business is on a few relationships.
- Tax: corporation tax returns, VAT and PAYE filings for the last three years, and any HMRC enquiries · Nothing is filed against this item yetTax computations and filings show there is nothing outstanding with HMRC that a buyer would inherit.
Asked for later in a sale (121)
A buyer’s lawyers and accountants ask for these once a sale is under way. You don’t need them now, but getting them together early saves time later.
A buyer’s lawyers ask for this to confirm what is being sold and what liabilities come with it.
- Company name, registration number and registered office · Nothing is filed against this item yet
- Articles of association, and any shareholders' agreement · Nothing is filed against this item yet
- Charges against the company: mortgages and debentures, and whether each is still live · Nothing is filed against this item yet
- Loans and dealings between the company and its directors, shareholders or related companies · Nothing is filed against this item yet
- Share options, EMI schemes, or promises of shares to anyone · Nothing is filed against this item yet
- Dividends paid in the last 12 months · Nothing is filed against this item yet
- Trade marks the business owns · Nothing is filed against this item yet
- Intellectual property the business owns (designs, patents, drawings, know-how) and website details · Nothing is filed against this item yet
- Data protection: your privacy policy, what personal data you hold, and how you look after it · Nothing is filed against this item yet
- Insurance claims in the last five years, or still open · Nothing is filed against this item yet
- Regulators the business answers to, and the licences or permits it trades under · Nothing is filed against this item yet
- Data breaches, and any reports to the Information Commissioner (ICO), in the last five years · Nothing is filed against this item yet
- Board minutes and written resolutions for the last three years · Nothing is filed against this item yet
- Register of people with significant control (PSC register) · Nothing is filed against this item yet
- Company secretary, if you have one · Nothing is filed against this item yet
- Trade marks owned by someone else that the business uses (if any) · Nothing is filed against this item yet
- Intellectual property owned by someone else that the business uses under licence (if any) · Nothing is filed against this item yet
- Financial crime risk assessment (fraud and money laundering) · Nothing is filed against this item yet
- Modern slavery statement and policy · Nothing is filed against this item yet
- Anti-bribery policy and gifts register · Nothing is filed against this item yet
- Export controls: any export licences, and goods or countries that need one · Nothing is filed against this item yet
- The data protection fee paid each year to the Information Commissioner (ICO) · Nothing is filed against this item yet
The share capital shows exactly what is being sold.
- Share capital: the shares issued, and their classes · Nothing is filed against this item yet
A buyer needs to know every shareholder, because each one has to agree to the sale.
- Shareholders, and how many shares each holds · Nothing is filed against this item yet
Claims against the business are liabilities a buyer would take on.
- Disputes, claims and court cases in the last five years, or still open · Nothing is filed against this item yet
Facilities and factoring change how much of the cash is really the business’s own.
- Overdrafts, invoice finance and factoring · Nothing is filed against this item yet
Loans and other borrowing have to be settled or taken on, so a buyer needs every one.
- Loans and other borrowing, with their agreements · Nothing is filed against this item yet
A buyer’s accountants ask for this to check the figures they are being asked to rely on.
- Current insurance policies and schedules · Nothing is filed against this item yet
- Regular reports and board packs, with the figures you track each month (KPIs) · Nothing is filed against this item yet
- Finance policies: the written rules (for example credit control, expenses, who can approve spending) · Nothing is filed against this item yet
- Equipment on lease or hire purchase · Nothing is filed against this item yet
- Loan conditions (covenants): the tests your lender sets, and whether you have met them · Nothing is filed against this item yet
- Government-backed loans (Bounce Back, CBILS or RLS), with what is still owed · Nothing is filed against this item yet
- Grants received, and any conditions under which they would have to be paid back · Nothing is filed against this item yet
- Finance procedures: how tasks are done, step by step (for example month-end close, paying suppliers) · Nothing is filed against this item yet
- Contracts with finance-related providers: payroll bureau, pension provider, benefits and insurance brokers · Nothing is filed against this item yet
- Research and development (R&D) tax relief claims · Nothing is filed against this item yet
- Capital allowances claimed on equipment and buildings · Nothing is filed against this item yet
The budget shows what you expect, and the assumptions show whether a buyer should believe it.
- Budget and forecast for this year and next, with the assumptions behind them · Nothing is filed against this item yet
A buyer asks for this to understand how secure the customer base is.
- Customer list, with the main terms agreed with each · Nothing is filed against this item yet
- Order book: confirmed orders not yet delivered or invoiced · Nothing is filed against this item yet
- Your standard terms and conditions of sale · Nothing is filed against this item yet
- Warranty claims, returns and credit notes for the last three years · Nothing is filed against this item yet
- Contracts with all other customers · Nothing is filed against this item yet
- Checks you run on new customers (for example credit checks, ID, VAT numbers) · Nothing is filed against this item yet
- Environmental or social commitments made to customers, such as carbon reporting or ethical sourcing · Nothing is filed against this item yet
- Environmental and social summary (ESG): your impact and what you do about it · Nothing is filed against this item yet
Your largest customer contracts show how secure the revenue is, including what happens on a change of owner.
- Contracts with the customers that make up 80% of sales (last 12 months) · Nothing is filed against this item yet
A buyer asks for this to check the business can keep operating on the same terms.
- Supplier list, with the main terms agreed with each · Nothing is filed against this item yet
- Road vehicles: vans, cars and lorries, who drives them, and how each is paid for · Nothing is filed against this item yet
- Service and maintenance records for your main machinery · Nothing is filed against this item yet
- Anything you can only buy from one supplier · Nothing is filed against this item yet
- Contracts with all other suppliers · Nothing is filed against this item yet
- How you choose and check suppliers (approved supplier list, supplier policies) · Nothing is filed against this item yet
Your largest supplier contracts show whether the business can keep buying on the same terms.
- Contracts with the suppliers that make up 80% of spend (last 12 months) · Nothing is filed against this item yet
The employee data shows who the business depends on and what they cost.
- Staff list: role, start date, pay, hours and notice for everyone · Nothing is filed against this item yet
Employment contracts show notice periods, restrictions and what key people are entitled to.
- Employment contracts · Nothing is filed against this item yet
A buyer asks for this to understand the people they would be taking on.
- Employment disputes, grievances and tribunal claims in the last five years · Nothing is filed against this item yet
- Pensions: your workplace (auto-enrolment) scheme, and any final-salary scheme · Nothing is filed against this item yet
- Directors' service agreements · Nothing is filed against this item yet
- Payroll, checked against your staff records · Nothing is filed against this item yet
- Staff handbook and HR policies, and when each was last reviewed · Nothing is filed against this item yet
- Organisation chart · Nothing is filed against this item yet
- Bonus and commission schemes · Nothing is filed against this item yet
- Staff benefits, including any salary sacrifice or company car scheme · Nothing is filed against this item yet
- Sickness absence, long-term sick and staff on leave · Nothing is filed against this item yet
- Health and safety record for the last three years: accidents and near misses · Nothing is filed against this item yet
- Contractors and self-employed workers, and how you checked their tax status (IR35) · Nothing is filed against this item yet
- Right-to-work checks for every employee · Nothing is filed against this item yet
- Staff turnover over the last three years · Nothing is filed against this item yet
- Online employer reviews (for example Glassdoor or Indeed), if any · Nothing is filed against this item yet
- Contracts with HR providers: benefits, HR software and recruitment agencies · Nothing is filed against this item yet
- Staff training and what it costs · Nothing is filed against this item yet
- How and where you recruit, and what it costs · Nothing is filed against this item yet
- Job descriptions, and how roles are graded · Nothing is filed against this item yet
- How staff performance is reviewed · Nothing is filed against this item yet
- Staff surveys and their results · Nothing is filed against this item yet
Property leases show whether the business can stay where it is, and on what terms.
- Leases for every site, including parking · Nothing is filed against this item yet
A buyer asks for this during diligence.
- Title deeds for any property the business owns · Nothing is filed against this item yet
- Health and safety policy and risk assessments · Nothing is filed against this item yet
- Accident book and reports to the Health and Safety Executive (RIDDOR) for the last three years · Nothing is filed against this item yet
- Accreditations and certificates (for example ISO 9001 quality or ISO 14001 environment) · Nothing is filed against this item yet
- Dilapidations: what you would owe a landlord to put a building back at the end of a lease · Nothing is filed against this item yet
- Fire risk assessment for each site · Nothing is filed against this item yet
- Inspection records for machinery (PUWER) and lifting equipment (LOLER) · Nothing is filed against this item yet
- Hazardous substances assessments (COSHH) · Nothing is filed against this item yet
- Asbestos survey for any building put up before 2000 · Nothing is filed against this item yet
- Environmental permits, and any breaches · Nothing is filed against this item yet
- Visits, notices or fines from the Health and Safety Executive, the Environment Agency or the council · Nothing is filed against this item yet
- Where old paper records are kept, and how much there is · Nothing is filed against this item yet
- Trade body memberships, and what they cost · Nothing is filed against this item yet
- Business continuity plan: what happens if a site, machine or system fails · Nothing is filed against this item yet
- Environmental and social (ESG) policy · Nothing is filed against this item yet
- Energy performance certificates (EPC) for each building · Nothing is filed against this item yet
- Landlord consents, for example to alterations or subletting · Nothing is filed against this item yet
- Waste carrier registration and waste transfer notes · Nothing is filed against this item yet
The statutory books show the company’s ownership has been recorded properly.
- Statutory books: the registers of members, directors and share allotments · Nothing is filed against this item yet
The asset list shows what the buyer is acquiring and what condition it is in.
- Fixed asset register: machinery, vehicles, equipment and property the business owns · Nothing is filed against this item yet
Bank statements tie the accounts to cash actually received.
- Bank accounts, and who can sign on them · Nothing is filed against this item yet
A weekly cash flow shows how tightly cash is run, and whether the business needs funding through the deal.
- Weekly cash flow: what came in and went out, and a forecast for the next 13 weeks · Nothing is filed against this item yet
Monthly cash against budget shows whether the business does what it plans to.
- Monthly cash flow: actuals against budget for at least the last 24 months · Nothing is filed against this item yet
Stock is where profit can hide. A buyer checks how it is counted and costed, and anything slow-moving.
- Stock: what it's worth, how old it is, slow-moving stock, and stock count results · Nothing is filed against this item yet
Aged creditors show whether suppliers are being stretched to flatter cash.
- Aged creditors at the last two year ends and the latest month end, with payment terms · Nothing is filed against this item yet
Monthly working capital is what the completion target is set from.
- Net debt and working capital at each month end for the last 24 months · Nothing is filed against this item yet
Capital spending history shows whether the assets have been kept up or will need investment.
- Spending on equipment and buildings (capital expenditure), past and already committed · Nothing is filed against this item yet
A buyer asks for this to understand what the growth plan depends on.
- Sales pipeline: quotes out and orders you expect to win · Nothing is filed against this item yet
- Contracts with marketing agencies, advertisers and trade associations · Nothing is filed against this item yet
- Where new customers come from, and what you spend on marketing · Nothing is filed against this item yet
A buyer asks for this to check the systems the business runs on, and what they cost to keep.
- Overview of your IT systems and software (for example your accounts package and email) and how they connect · Nothing is filed against this item yet
- IT contracts, with how long they run and how to end them · Nothing is filed against this item yet
- Software licences, and whether they pass to a new owner · Nothing is filed against this item yet
- IT security testing and its results (for example a penetration test or Cyber Essentials) · Nothing is filed against this item yet
- Cyber insurance: what it covers and what it costs · Nothing is filed against this item yet
- Website domain names: who owns them and where they are registered · Nothing is filed against this item yet
- IT equipment list and its age · Nothing is filed against this item yet
- IT equipment on lease (if any) · Nothing is filed against this item yet
- Key software: who supports it, and any planned changes · Nothing is filed against this item yet
- How well your IT performs: downtime and support requests · Nothing is filed against this item yet
- Records stored by another company, and how you would get them back · Nothing is filed against this item yet
- Disputes or claims about software in the last five years · Nothing is filed against this item yet
- Software or code written for the business, and who owns it · Nothing is filed against this item yet
What this report is built on
The documents we read for this report, and the ones we asked for that weren’t provided.
Documents we read
- Quellbrook statutory accounts FY23.xlsx · Statutory accounts for the last three to five years, as filed, with any auditors' reports
- Quellbrook statutory accounts FY24.xlsx · Statutory accounts for the last three to five years, as filed, with any auditors' reports
- Quellbrook statutory accounts FY25.xlsx · Statutory accounts for the last three to five years, as filed, with any auditors' reports
- Quellbrook management accounts Jul 2026.xlsx · Monthly management accounts for the last 24 to 36 months (profit and loss, balance sheet and cash flow)
- Consultancy invoices.pdf · Adjustments to profit (add-backs), with the evidence for each
Asked for, not provided
- Aged debtors at the last two year ends and the latest month end, with bad debts written off · Nothing is filed against this item yet
- Sales and gross margin by customer, product or service, and month · Nothing is filed against this item yet
- Tax: corporation tax returns, VAT and PAYE filings for the last three years, and any HMRC enquiries · Nothing is filed against this item yet
We checked your accounts against what you filed at Companies House. Your answers to the free readiness check, saved on 28 September 2026.
What we couldn’t assess
- There is no monthly working capital data, so cash conversion and working capital movements have not been checked.
- Forecasts are not assessed in this report.
- Legal, tax and employment matters are listed as documents to provide; their content is not reviewed.
Method and limits
- This report is not a valuation. It doesn’t say what your business is worth or what a buyer might pay.
- This report is not an audit. We compared your documents with each other and with Companies House; we didn’t check them against your bank records or your books.
- No one may rely on this report. It is for you, to help you prepare. It isn’t advice, and it isn’t addressed to a buyer, a lender or anyone else.
- Every figure in it comes from a document you gave us, from Companies House, or from what you told us, and says which.
- A named member of the teasr team reviewed the report before it was released to you.
Sources
Show all 36 sources
- S1Quellbrook statutory accounts FY23.xlsxYour document · Sheet P&L, cell C5“3,000,000”
- S2Quellbrook statutory accounts FY24.xlsxYour document · Sheet P&L, cell C5“3,200,000”
- S3Quellbrook management accounts Jul 2026.xlsxYour document · Sheet P&L, cell C6“3,210,000”
- S4Quellbrook statutory accounts FY25.xlsxYour document · Sheet P&L, cell C5“3,400,000”
- S5Quellbrook management accounts Jul 2026.xlsxYour document · Sheet P&L, cell C5“3,550,000”
- S6Quellbrook statutory accounts FY23.xlsxYour document · Sheet P&L, cell C20“400,000”
- S7Quellbrook statutory accounts FY24.xlsxYour document · Sheet P&L, cell C20“420,000”
- S8Quellbrook statutory accounts FY25.xlsxYour document · Sheet P&L, cell C20“450,000”
- S9Quellbrook management accounts Jul 2026.xlsxYour document · Sheet P&L, cell C20“450,000”
- S10Accounts filed at Companies HouseAccounts filed at Companies House · Year ending 31 March 2025“3,400,000”
- S11Your add-back: Exceptional consultancy feesWhat you told us
- S12The add-backs claimed, added togetherWorked out from the figures listedFrom S11
- S13Reported profit plus every add-back claimedWorked out from the figures listedFrom S6, S12
- S14Reported profit plus the supported add-backs onlyWorked out from the figures listedFrom S6
- S15Adjusted profit as claimed, less adjusted profit on current evidenceWorked out from the figures listedFrom S13, S14
- S16Reported profit plus every add-back claimedWorked out from the figures listedFrom S7, S12
- S17Reported profit plus the supported add-backs onlyWorked out from the figures listedFrom S7
- S18Adjusted profit as claimed, less adjusted profit on current evidenceWorked out from the figures listedFrom S16, S17
- S19Your add-back: Owner salary above market rateWhat you told us
- S20Your add-back: Marketing campaign for the new depotWhat you told us
- S21Your add-back: Owner personal car costsWhat you told us
- S22The add-backs claimed, added togetherWorked out from the figures listedFrom S11, S19, S20, S21
- S23Reported profit plus every add-back claimedWorked out from the figures listedFrom S8, S22
- S24Reported profit plus the supported add-backs onlyWorked out from the figures listedFrom S8
- S25Adjusted profit as claimed, less adjusted profit on current evidenceWorked out from the figures listedFrom S23, S24
- S26Reported profit plus every add-back claimedWorked out from the figures listedFrom S8, S11, S19, S20, S21
- S27Adjusted less reported, over reportedWorked out from the figures listedFrom S8, S26
- S28Your readiness check answersWhat you told us
- S29Your readiness check answersWhat you told us
- S30Your customersWhat you told us
- S31Your readiness check answersWhat you told us
- S32Adjusted profit over revenueWorked out from the figures listedFrom S33, S1
- S33Reported profit plus every add-back claimedWorked out from the figures listedFrom S6, S11
- S34Adjusted profit over revenueWorked out from the figures listedFrom S35, S2
- S35Reported profit plus every add-back claimedWorked out from the figures listedFrom S7, S11
- S36Adjusted profit over revenueWorked out from the figures listedFrom S26, S4
Every figure links to where it came from. For example, Turnover, FY25: £3,550,000 (source: Quellbrook management accounts Jul 2026.xlsx, Sheet P&L, cell C5).
Exit Readiness Report
£495 (no VAT), one-off, per business, with a re-run included within 6 months.
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