How much does Time Wholesale Services (UK) Ltd make?

Time Wholesale Services (UK) Ltd reported revenue of £85m and £140k profit in the year to 30 Jun 2023, according to its accounts filed at Companies House.

How many employees does Time Wholesale Services (UK) Ltd have?

Time Wholesale Services (UK) Ltd reported an average of 63 employees in the year to 30 Jun 2023.

Is Time Wholesale Services (UK) Ltd profitable?

Yes — Time Wholesale Services (UK) Ltd reported a profit of £140k in the year to 30 Jun 2023.

Company No. 03002900 · Incorporated 19 Dec 1994

Time Wholesale Services (UK) Ltd

Registered name: TIME WHOLESALE SERVICES (UK) LTD

Part of Time Equities Limited group

Time Wholesale Services (UK) Ltd made £85m revenue and £140k profit in the year to 30 Jun 2023.

Time Wholesale Services (UK) Ltd’s revenue fell 3% to £85m in the year to 30 Jun 2023, with £140k profit and 63 employees. The company is classified under “non-specialised wholesale of food, beverages and tobacco” and is based in Nottingham; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46390Non-specialised wholesale of food, beverages and tobacco

Status: Liquidation
Location: Nottingham, East Midlands
Age: 31 yrs · since 1994
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Jun 2023

Key figures

Capital-lightCash flow filed

Revenue

£85m

Growth ▼3.2%

Profit

£140k

Growth ▲76.9%

Profit margin

0.2%

Gross 6.3%

Employees

Change ▼16%

Profit / employee

£2.2k

Revenue/employee £1.3m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£87.8m	£85m
Cost of sales	£82.6m	£79.7m
Gross profit	£5.2m	£5.4m
Operating profit	£150k	£194k
Profit before tax	£76.8k	£121k
Profit after tax	£79.1k	£140k
Profit (best available)	£79.1k	£140k
Staff costs	£2.3m	£2m
Employees (average)	75	63
Ratios
Profit margin	0.1%	0.2%
Gross margin	5.9%	6.3%
Revenue per employee	£1.2m	£1.3m
Profit per employee	£1.1k	£2.2k
Cash conversion	1291%	−125.8%
Growth (year on year)
Revenue growth	—	▼3.2%
Profit growth	—	▲76.9%
Headcount growth	—	▼16%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.1m	£984k
Net assets	£2.4m	£2.6m
Fixed assets	£1.7m	£1.4m
Current assets	£14.8m	£12.5m
Debtors	£2.9m	£1.1m
Deferred income	£41.3k	£141k
Cash from operations	£1.9m	−£244k
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: 0.2%; Profit ÷ revenue.
Gross margin: 6.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.3m; Revenue ÷ average employees.
Profit per employee: £2.2k; Profit ÷ average employees.
Cash conversion: −125.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.3%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲6%; Now £2.6m
Cash at bank: ▼53%; Now £984k
Headcount: ▼16%; Now 63
Deferred income: ▲241%; Now £141k
Fixed assets: ▼15%; Now £1.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Time Equities Limitedultimate parent75–100%
Time Wholesale Services (UK) Ltdthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Jun 2023 (profit £140k), from the Companies House accounts bulk data published Mar 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.