Won’t you have a cup
Well-known member
Your detective work is bloody great. Hats off.Quick reminder from the BB thread: despite their claims to be massively successful post fame, companies house shows he sells coffee off a trading estate in Liverpool and her claim to have sold her drama academy for “millions” shows it was actually struck off last year and never made more than 10k in any calendar year
Apparently her mum has a bit of cash and has subsidised them for years
Why would they think that anyone falls for this nonsense about them being business tycoons?
One of the things I do for a living is work out the enterprise value of corporate entities. I should be doing it now instead of p*ss*ng about on this site. That includes assessing the value of acquisition intangibles (basically, what intellectual property and customer relationships an entity has that makes it worth paying more for than the balance sheet value) to get to a reasonable arms’ length valuation before an acquisition takes place.
No way is some ‘dance and drama academy’ outfit going to sell for loads. Anyone could set one up; they are ten a penny. You’d get a decent (but not massive) value if it were a national franchise like Stagecoach, because then you have a trademark and a degree of customer loyalty, but her little business ‘sold for millions’? In a pig’s ear.
I advised a friend informally a couple of years ago on something similar. She taught dance and drama in one such ‘academy’. The owner wanted to retire and asked my friend to pay £50k for the business. My advice was swerve the deal and set up on your own: the pupils paid by the week, so no guaranteed revenue stream, and no fixed assets beyond a load of old costumes. She would have been paying £50k for some pretty ropy goodwill that would have been impaired after the first year. Little one man (or woman) band businesses like that have no intrinsic value.
I imagine that they have their beady little eyes on a future as influencers. A whole new angle: entrepreneurs with the happiest family in Britain. Dream on.