Time Equities Limited
Registered name: TIME EQUITIES LIMITED
Time Equities Limited made £85m revenue and £140k profit in the year to 30 Jun 2023.
Time Equities Limited’s revenue fell 3% to £85m in the year to 30 Jun 2023, with £140k profit and 63 employees. The company is classified under “activities of other holding companies” and is based in Rainham; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Rainham, London
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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 | 1294% | −128.1% |
| Growth (year on year) | ||
| Revenue growth | — | ▼3.2% |
| Profit growth | — | ▲76.9% |
| Headcount growth | — | ▼16% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £99 | £99 |
| Net assets | £261k | £261k |
| Fixed assets | £1.7m | £1.4m |
| Current assets | £20.9k | £16.4k |
| Debtors | £2.9m | £1.1m |
| Deferred income | £8k | £3.5k |
| Cash from operations | £1.9m | −£248k |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 |
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
- −128.1%
- 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%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.3%
- Money owed by customers. Low = customers pay quickly.
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
- 0%
- Now £261k
- Cash at bank
- 0%
- Now £99
- Headcount
- ▼16%
- Now 63
- Deferred income
- ▼56%
- Now £3.5k
- 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.
Group structure
Subsidiaries (1)
- Time Wholesale Services (UK) LtdLiquidationRev. £85m · Profit £140k
From the Persons with Significant Control register (corporate controllers only).
Sources
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.