Yes I've reread my post and it does look like I meant cooking the books
That's not quite what I meant
Obviously the more successful a company is the more choices it gives directors to reinvest in assets or take advantage of legitimate tax advantages
The clue to how a business is run and whether there is an exit strategy is looking at three years of accounts - if profits are consistent but low but owners/ directors are paid well, I would say it's very well run without a desire to sell although these would be classed as adbacks if valuing a business
