Timesco Healthcare Limited

POWER SEARCH PRICING

SOLUTIONS

timesco healthcare limited Company Information

Live

MatureMidDeclining

Company Number

03346938

Next Accounts

Nov 2025

Industry

Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

Manufacture of irradiation, electromedical and electrotherapeutic equipment

Directors

Sohail Fayyaz

Angela Massey

View All

Shareholders

nabila naseem fayyaz

shah jehan fayyaz

View All

Group Structure

View All

Contact

Registered Address

timesco house 3 carnival park, carnival close, basildon, essex, SS14 3WN

Website

www.timesco.com

timesco healthcare limited Estimated Valuation

£18.2m

Pomanda estimates the enterprise value of TIMESCO HEALTHCARE LIMITED at £18.2m based on Net Assets of £7.1m and 2.56x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Timesco Healthcare Limited is a live company located in basildon, SS14 3WN with a Companies House number of 03346938. It operates in the manufacture of irradiation, electromedical and electrotherapeutic equipment sector, SIC Code 26600. Founded in April 1997, it's largest shareholder is nabila naseem fayyaz with a 35% stake. Timesco Healthcare Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Timesco Healthcare Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £5.9m, make it smaller than the average company (£15.9m)

Growth

3 year (CAGR) sales growth of -53%, show it is growing at a slower rate (5.1%)

EXPORT

Timesco Healthcare Limited's latest turnover from February 2024 is estimated at £5.9 million and the company has net assets of £7.1 million. According to their latest financial statements, Timesco Healthcare Limited has 41 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	5,903,797	8,965,149	12,787,629	58,133,914	6,303,212	5,136,837	4,769,467	7,374,909	6,846,891	6,564,085	5,173,201	4,159,091	3,011,283	2,845,123	6,099,048
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,474,400	5,431,235	7,145,677	30,935,873	5,010,256	3,973,062	3,782,701	5,679,397	3,711,732	3,342,602	3,731,379	3,202,691	2,216,234	2,151,104	2,514,622
Gross Profit	1,429,397	3,533,914	5,641,952	27,198,041	1,292,956	1,163,774	986,766	1,695,512	3,135,159	3,221,483	1,441,823	956,400	795,049	694,019	3,584,426
Admin Expenses	3,429,775	2,952,821	3,255,030	4,048,521	667,135	1,239,881	1,098,658	1,569,193	2,994,663	2,967,079	1,132,796	1,115,687	227,224	483,159	3,208,499
Operating Profit	-2,000,378	581,093	2,386,922	23,149,520	625,821	-76,107	-111,892	126,319	140,496	254,404	309,027	-159,287	567,825	210,860	375,927
Interest Payable	5,167	44,620	0	313	10,362	0	0	17,886	300	333	0	0	0	7,141	1,279
Interest Receivable	271,408	16,135	8,060	2,427	6,544	1,089	740	150	0	0	488	395	609	403	76
Pre-Tax Profit	-1,734,137	552,608	2,394,982	23,151,634	622,002	-75,018	-111,152	108,584	140,196	254,071	309,514	-158,892	568,434	204,122	374,724
Tax	0	-23,480	-341,943	-4,249,237	-118,180	0	0	-21,717	0	0	-71,188	0	-147,793	-57,154	-33,999
Profit After Tax	-1,734,137	529,128	2,053,039	18,902,397	503,822	-75,018	-111,152	86,867	140,196	254,071	238,326	-158,892	420,641	146,968	340,725
Dividends Paid	0	15,000,000	0	0	0	0	0	0	0	120,000	0	0	0	0	0
Retained Profit	-1,734,137	-14,470,872	2,053,039	18,902,397	503,822	-75,018	-111,152	86,867	140,196	134,071	238,326	-158,892	420,641	146,968	340,725
Employee Costs	2,482,177	1,855,204	2,137,882	2,621,739	2,622,421	2,660,070	2,640,354	2,387,331	2,770,523	1,013,117	704,987	560,752	399,001	344,255	1,933,293
Number Of Employees	41	45	45	46	44	45	45	45	48	19	15	12	9	8	63
EBITDA*	-1,960,244	677,851	2,490,907	23,289,940	758,665	59,341	47,617	351,354	201,061	317,182	617,204	223,891	850,073	481,606	640,545

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	173,947	194,316	219,306	192,543	80,094	88,661	105,613	62,261	53,957	64,522	58,854	70,329	48,476	45,078	52,405
Intangible Assets	75,886	97,572	183,172	261,498	349,441	412,915	516,004	639,725	844,442	1,237,949	1,437,892	1,624,066	874,997	1,036,867	1,230,705
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	249,833	291,888	402,478	454,041	429,535	501,576	621,617	701,986	898,399	1,302,471	1,496,746	1,694,395	923,473	1,081,945	1,283,110
Stock & work in progress	1,733,138	2,184,421	1,946,982	2,329,039	1,840,221	1,539,659	1,647,032	1,499,959	1,405,690	1,203,564	1,140,332	1,015,212	1,052,823	912,204	1,008,424
Trade Debtors	1,573,811	1,467,259	1,674,499	4,403,030	1,401,606	1,102,949	981,258	2,654,132	1,269,719	924,200	1,288,288	881,670	774,831	680,445	701,857
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	432,092	2,095,713	1,313,184	0	347,098	0	0	1,025,211	281,445	0	0	294,913	0	36,568
Cash	4,606,619	5,732,726	19,542,663	18,651,159	1,690,638	54,325	236,095	59,878	59,965	102,480	156,628	38,433	119,683	123,732	37,579
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,913,568	9,816,498	25,259,857	26,696,412	4,932,465	3,044,031	2,864,385	4,213,969	3,760,585	2,511,689	2,585,248	1,935,315	2,242,250	1,716,381	1,784,428
total assets	8,163,401	10,108,386	25,662,335	27,150,453	5,362,000	3,545,607	3,486,002	4,915,955	4,658,984	3,814,160	4,081,994	3,629,710	3,165,723	2,798,326	3,067,538
Bank overdraft	0	0	0	0	307,014	0	0	0	572,336	17,628	0	0	0	0	219,729
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	823,446	520,871	740,400	250,152	756,035	953,227	831,605	2,189,342	1,325,337	1,460,389	2,079,348	1,868,214	1,246,452	1,313,973	654,176
Group/Directors Accounts	0	137,485	0	0	1,240,419	56,464	38,108	0	0	0	0	0	0	0	633,291
other short term finances	0	16,349	15,303	29,666	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	340,841	1,320,460	5,287,777	0	0	0	0	130,154	195,593	0	0	0	0	220,979
total current liabilities	823,446	1,015,546	2,076,163	5,567,595	2,303,468	1,009,691	869,713	2,189,342	2,027,827	1,673,610	2,079,348	1,868,214	1,246,452	1,313,973	1,728,175
loans	0	75,506	92,024	92,065	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	58,736	0	0	0	0	0	8,991	0	0	0	0	0	0	0	0
provisions	186,542	188,520	194,462	244,146	128,422	109,628	105,992	114,155	105,566	96,471	92,638	89,814	88,697	74,420	76,398
total long term liabilities	245,278	264,026	286,486	336,211	128,422	109,628	114,983	114,155	105,566	96,471	92,638	89,814	88,697	74,420	76,398
total liabilities	1,068,724	1,279,572	2,362,649	5,903,806	2,431,890	1,119,319	984,696	2,303,497	2,133,393	1,770,081	2,171,986	1,958,028	1,335,149	1,388,393	1,804,573
net assets	7,094,677	8,828,814	23,299,686	21,246,647	2,930,110	2,426,288	2,501,306	2,612,458	2,525,591	2,044,079	1,910,008	1,671,682	1,830,574	1,409,933	1,262,965
total shareholders funds	7,094,677	8,828,814	23,299,686	21,246,647	2,930,110	2,426,288	2,501,306	2,612,458	2,525,591	2,044,079	1,910,008	1,671,682	1,830,574	1,409,933	1,262,965

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-2,000,378	581,093	2,386,922	23,149,520	625,821	-76,107	-111,892	126,319	140,496	254,404	309,027	-159,287	567,825	210,860	375,927
Depreciation	40,134	46,758	53,985	31,333	19,044	21,416	21,572	13,520	10,565	12,778	12,241	14,884	9,024	8,657	9,354
Amortisation	0	50,000	50,000	109,087	113,800	114,032	137,937	211,515	50,000	50,000	295,936	368,294	273,224	262,089	255,264
Tax	0	-23,480	-341,943	-4,249,237	-118,180	0	0	-21,717	0	0	-71,188	0	-147,793	-57,154	-33,999
Stock	-451,283	237,439	-382,057	488,818	300,562	-107,373	147,073	94,269	202,126	63,232	125,120	-37,611	140,619	-96,220	1,008,424
Debtors	-325,540	-1,870,861	-1,946,002	4,314,608	-48,441	468,789	-1,672,874	359,202	1,089,285	-82,643	406,618	-188,074	389,299	-57,980	738,425
Creditors	302,575	-219,529	490,248	-505,883	-197,192	121,622	-1,357,737	864,005	-135,052	-618,959	211,134	621,762	-67,521	659,797	654,176
Accruals and Deferred Income	-340,841	-979,619	-3,967,317	5,287,777	0	0	0	-130,154	-65,439	195,593	0	0	0	-220,979	220,979
Deferred Taxes & Provisions	-1,978	-5,942	-49,684	115,724	18,794	3,636	-8,163	8,589	9,095	3,833	2,824	1,117	14,277	-1,978	76,398
Cash flow from operations	-1,223,665	1,082,703	950,270	19,134,895	209,966	-176,817	207,518	618,606	-1,281,746	-82,940	228,236	1,072,455	119,118	1,015,492	-188,750
Investing Activities
capital expenditure	1,921	0	-52,422	-164,926	-60,803	-15,407	-79,140	-28,622	-42,328	-125,106	-110,528	-1,154,100	-123,776	-69,581	-42,814
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,921	0	-52,422	-164,926	-60,803	-15,407	-79,140	-28,622	-42,328	-125,106	-110,528	-1,154,100	-123,776	-69,581	-42,814
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-137,485	137,485	0	-1,240,419	1,183,955	18,356	38,108	0	0	0	0	0	0	-633,291	633,291
Other Short Term Loans	-16,349	1,046	-14,363	29,666	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-75,506	-16,518	-41	92,065	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	58,736	0	0	0	0	-8,991	8,991	0	0	0	0	0	0	0	0
share issue	0	0	0	-585,860	0	0	0	0	341,316	0	0	0	0	0	922,240
interest	266,241	-28,485	8,060	2,114	-3,818	1,089	740	-17,736	-300	-333	488	395	609	-6,738	-1,203
cash flow from financing	95,637	93,528	-6,344	-1,702,434	1,180,137	10,454	47,839	-17,736	341,016	-333	488	395	609	-640,029	1,554,328
cash and cash equivalents
cash	-1,126,107	-13,809,937	891,504	16,960,521	1,636,313	-181,770	176,217	-87	-42,515	-54,148	118,195	-81,250	-4,049	86,153	37,579
overdraft	0	0	0	-307,014	307,014	0	0	-572,336	554,708	17,628	0	0	0	-219,729	219,729
change in cash	-1,126,107	-13,809,937	891,504	17,267,535	1,329,299	-181,770	176,217	572,249	-597,223	-71,776	118,195	-81,250	-4,049	305,882	-182,150

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for timesco healthcare limited. Get real-time insights into timesco healthcare limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for timesco healthcare limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in SS14 area or any other competitors across 12 key performance metrics.

TIMESCO HEALTHCARE LIMITED group structure

Timesco Healthcare Limited has no subsidiary companies.

Ultimate parent company

TIMESCO HEALTHCARE LIMITED

03346938

TIMESCO HEALTHCARE LIMITED Shareholders

nabila naseem fayyaz	35%
shah jehan fayyaz	15%
andeleeb fayyaz	15%
shaherazad fayyaz	10%
aisha fayyaz	10%
ismail fayyaz	10%
sohail fayyaz	5%

Timesco Healthcare Limited currently has 4 directors. The longest serving directors include Mr Sohail Fayyaz (Apr 1997) and Mrs Angela Massey (Jan 2021).

officer	country	age	start	end	role
Mr Sohail Fayyaz		65 years	Apr 1997	-	Director
Mrs Angela Massey	United Kingdom	50 years	Jan 2021	-	Director
Mr Kashif Rashid	United Kingdom	53 years	Jan 2021	-	Director
Mrs Nabila Fayyaz	United Kingdom	58 years	Apr 2023	-	Director

P&L

February 2024

turnover

5.9m

-34%

operating profit

-2m

gross margin

24.3%

-38.58%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

7.1m

-0.2%

total assets

8.2m

-0.19%

cash

4.6m

-0.2%

net assets

Total assets minus all liabilities

Similar Companies

4.5

company number

03346938

Type

Private limited with Share Capital

industry

47749 - Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

26600 - Manufacture of irradiation, electromedical and electrotherapeutic equipment

incorporation date

April 1997

ultimate parent company

None

previous names

timesco of london limited (August 2012)

timesco of london limited (October 2005)

address

timesco house 3 carnival park, carnival close, basildon, essex, SS14 3WN

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to timesco healthcare limited. Currently there are 3 open charges and 0 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for TIMESCO HEALTHCARE LIMITED. This can take several minutes, an email will notify you when this has completed.

timesco healthcare limited Company Information

timesco healthcare limited Estimated Valuation

timesco healthcare limited Estimated Valuation

timesco healthcare limited Estimated Valuation

Timesco Healthcare Limited Overview

Timesco Healthcare Limited Health Check

TIMESCO HEALTHCARE LIMITED financials

timesco healthcare limited Credit Report and Business Information

Timesco Healthcare Limited Competitor Analysis

timesco healthcare limited Ownership

timesco healthcare limited directors

timesco healthcare limited company details

timesco healthcare limited Charges & Mortgages

timesco healthcare limited Capital Raised & Share Issues BETA

timesco healthcare limited Companies House Filings - See Documents