Yeah, watch out for small companies that are desperately trying to get big but have been small or oscillated between 10-40 people seemingly from the beginning of time.
There's a particular type of person who runs these businesses and that person is extremely common. They cannot delegate and micromanage everything so once they get beyond their ability to manage every facet of operations themselves, their leadership ability breaks down and a bunch of people end up leaving and the cycle repeats. They very often have temper/anger management issues as well.