Private · Matt Southam · September 2026
Everything built for the separation of Full Range Fitness and B3 Business, in one place. The calculator is the live one; the rest is supporting work and background.
Both businesses valued separately, with the balancing payment at the end. Four preset positions — Balanced, the offer as it stands, Matt’s position, Nathan’s position — and every judgement call exposed as a control. Loads on Balanced.
proposal.strongersystems.uk — safe to send to Mark or Richard. No login, not indexed by search engines.
| Clean Break Proposal PDF the full letter to Nathan, in his voice rather than an accountant’s: what each business is worth, the close calls settled his way, and what happens on completion. Not yet sent | 8 pages |
| Mid-Point Proposal PDF the same letter swung to neutral on the two open questions, as a fallback position | 8 pages |
Both are PDFs you can attach to an email or hand over. Figures in them predate the latest corrections in the calculator, so the calculator is the source of truth on numbers.
These are private pages on your Claude account. They open for you; anyone else needs the share menu on each page first.
| Five Views of One Deal the whole valuation in charts and tables: how the gym’s profit is built, where the two half-shares land, what the audit of every input found, and what each of five advisers would sign | Analysis |
| FRF and B3 Settlement the full model with every switch, including the ones the calculator now fixes. Deeper than the calculator and harder to read | Model |
| Full Range Fitness Buyout the gym on its own: six years of accounts, where the money went month by month, the purchases arrangement in detail | Gym |
| B3 Business Buyout B3 on its own: four years of growth, the Stripe record, who pays B3, and the sensitivity of Nathan’s half to the multiple and the discount | B3 |
| Clean Break Proposal the letter as a web page, if you would rather send a link than a PDF | Letter |
| Mid-Point Proposal the neutral version of the letter, same format | Letter |
| Five Ways Out the structural options beyond a straight swap: buyback, liquidation, strike-off, staged payment | Options |
| The Southam File the underlying record: where every figure came from and which source it sits in | Sources |
| Full Range Fitness accounts | years to 31 March 2021 to 2026, plus the QuickBooks ledger and three balance sheets |
| B3 Business accounts | years to 31 May 2023 to 2026, the last one draft |
| Metro Bank statements | both companies, December 2020 to September 2026, every month |
| Stripe | B3’s charges, payouts and subscriptions since June 2024 |
| Nathan’s own schedule | 91 purchases the company made for him, 13 March to 9 August 2026 |
| Payroll records | both directors and Lauren |
Nothing anywhere is estimated from memory.