Is the business VAT Registered?
The business is registered as a Vat vendor.
What VAT documentation is on file?
Vat returns are available to Qualified buyers to verify turnover for the past 12 months.
Are there up-to-date Management Accounts available?
Management accounts are available to qualified buyers for the last 12 Months.
What Balance Sheet and Income Statements are available?
Financial statements are available for perusal by Qualified buyers.
How could the profitability of the business be improved?
This is a well managed business, but a good businessman, looking at it with different views could find ways to increase profits by either gaining market share or cutting costs.
What percentage of of the business is cash/credit?
A large part of the daily purchases from small collectors is cash. Approximately R200 000 cash is paid out on a daily basis. Larger customers are paid by EFT. Debtors pay weekly for delivered scrap.