Alfie Best: Billionaire Gypsy Talks Building an Empire From Zero
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 17 October 2022
⏱️ 82 minutes
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| 0:00.0 | Don't hang on to the negatives or concern yourself about somebody else's view that you can move on from |
| 0:08.4 | Alfie, how do you feel about the term the media give you as Britain's richest gypsy? |
| 0:14.8 | Any PR is good to do. So whatever, you know, tomorrow I'll be rich and poor as gypsy. Who knows, you know, but |
| 0:25.2 | it's |
| 0:26.6 | if that's the tagline that they're using, I'm happy to accept it. |
| 0:31.8 | And there's rumors that you're a billionaire. They're all calling you a billionaire, is that true? |
| 0:37.3 | Right, let me tell you the complete truth. Our company on last count and I keep a running chart, |
| 0:46.4 | I live in the real world. So I actually state and work out what we have if |
| 0:54.6 | the fan fails. That's a polite way of putting it. And as of yesterday, our value was £805 million |
| 1:06.5 | worth of assets. That's property, helicopters, boats, that's everything. That's the whole shooting |
| 1:16.8 | match. Yeah. Now, and we have £85 million worth of debt. So that's our debt. So if you |
| 1:28.0 | minus that down, we're at sort of £725 or £720 million. The reason that they get to a billion |
| 1:36.5 | pounds is because I don't add the goodwill to our business. So I don't add what the value |
| 1:43.7 | really is of our business now. If you take, for instance, that our business is gross, |
| 1:51.3 | not profit. The profit was like £22 million. The growth of the business year on year |
| 2:00.6 | for the last five years has grown by 70 to 75 to £80 million every year. How that's made up, |
| 2:11.5 | and I'm sorry, this is a long answer, but it's an honest answer. As long as you like. |
| 2:15.7 | But it's an honest answer, because I think it's important for entrepreneurs and for business |
| 2:21.7 | people to know on how you value your business. Now, when you're selling your business, |
| 2:27.5 | you value your business at times income, but not only on times income, what the asset base is worth, |
| 2:35.4 | and on top of that, what the growth profitability is for the future. Those three things come together. |
| 2:43.7 | Now, if you add our company at a growth of £80 million per year, that would put the value at |
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