time banks uk
time banks uk Company Information
Company Number
04502783
Website
www.timebanking.orgRegistered Address
the exchange brick row, stroud, gloucestershire, GL5 1DF
Industry
Other education n.e.c.
Telephone
01453750952
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
-0%
time banks uk Estimated Valuation
Pomanda estimates the enterprise value of TIME BANKS UK at £269.3k based on a Turnover of £459.4k and 0.59x industry multiple (adjusted for size and gross margin).
time banks uk Estimated Valuation
Pomanda estimates the enterprise value of TIME BANKS UK at £547.8k based on an EBITDA of £155.5k and a 3.52x industry multiple (adjusted for size and gross margin).
time banks uk Estimated Valuation
Pomanda estimates the enterprise value of TIME BANKS UK at £318.1k based on Net Assets of £143.1k and 2.22x industry multiple (adjusted for liquidity).
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Time Banks Uk Overview
Time Banks Uk is a live company located in gloucestershire, GL5 1DF with a Companies House number of 04502783. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in August 2002, it's largest shareholder is unknown. Time Banks Uk is a mature, micro sized company, Pomanda has estimated its turnover at £459.4k with rapid growth in recent years.
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Time Banks Uk Health Check
Pomanda's financial health check has awarded Time Banks Uk a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £459.4k, make it in line with the average company (£503.4k)
- Time Banks Uk
£503.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (7.1%)
- Time Banks Uk
7.1% - Industry AVG
Production
with a gross margin of 30.1%, this company has a higher cost of product (56.3%)
- Time Banks Uk
56.3% - Industry AVG
Profitability
an operating margin of 33.8% make it more profitable than the average company (4.9%)
- Time Banks Uk
4.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Time Banks Uk
13 - Industry AVG
Pay Structure
on an average salary of £29.4k, the company has an equivalent pay structure (£29.4k)
- Time Banks Uk
£29.4k - Industry AVG
Efficiency
resulting in sales per employee of £153.1k, this is more efficient (£51.3k)
- Time Banks Uk
£51.3k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (17 days)
- Time Banks Uk
17 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (23 days)
- Time Banks Uk
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Time Banks Uk
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Time Banks Uk
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.3%, this is a lower level of debt than the average (21.7%)
12.3% - Time Banks Uk
21.7% - Industry AVG
TIME BANKS UK financials
Time Banks Uk's latest turnover from March 2024 is estimated at £459.4 thousand and the company has net assets of £143.1 thousand. According to their latest financial statements, Time Banks Uk has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 157,836 | 172,615 | 267,947 | 237,971 | 254,435 | 210,514 | 243,920 | 118,122 | 179,399 | 386,333 | 420,840 | 358,563 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | -3,902 | -29,674 | -73 | 4,955 | 27,023 | -12,223 | 38,490 | -15,140 | -200,453 | 46,109 | 107,911 | 50,498 | |||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Profit After Tax | -3,902 | -29,674 | -73 | 4,955 | 27,023 | -12,223 | 38,490 | -15,140 | -200,453 | 46,109 | 107,911 | 50,498 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -3,902 | -29,674 | -73 | 4,955 | 27,023 | -12,223 | 38,490 | -15,140 | -200,453 | 46,109 | 107,911 | 50,498 | |||
| Employee Costs | 119,719 | 132,992 | 156,047 | 142,738 | 139,147 | 160,145 | 120,998 | 80,022 | 138,204 | 168,946 | 107,539 | 97,181 | |||
| Number Of Employees | 3 | 4 | 5 | 5 | 5 | 7 | 7 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,120 | 12,650 | 3,721 | 4,961 | 5,157 | 5,676 | 825 | 1,031 | 1,289 | 1,611 | 2,014 | 2,517 | 3,146 | 3,932 | 4,915 |
| Intangible Assets | 0 | 0 | 12,266 | 8,178 | 12,266 | 16,354 | 20,442 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 10,120 | 12,650 | 15,987 | 13,139 | 17,423 | 22,030 | 21,267 | 1,031 | 1,289 | 1,611 | 2,014 | 2,517 | 3,146 | 3,932 | 4,915 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 152,992 | 40,311 | 4,608 | 0 | 10,259 | 30,457 | 18,519 | 0 | 40,000 | 40,000 | 55,000 | 51,771 | 54,978 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 14,160 | 1,574 | 1,369 | 0 | 1,172 | 1,119 | 611 | 977 | 732 | 841 | 841 | 500 | 500 |
| Cash | 0 | 0 | 23,199 | 62,338 | 21,757 | 28,187 | 51,239 | 80,412 | 21,398 | 68,402 | 65,523 | 22,846 | 171,594 | 182,807 | 82,862 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 152,992 | 40,311 | 41,967 | 63,912 | 33,385 | 60,013 | 70,930 | 81,531 | 62,009 | 109,379 | 121,255 | 75,458 | 227,413 | 183,307 | 83,362 |
| total assets | 163,112 | 52,961 | 57,954 | 77,051 | 50,808 | 82,043 | 92,197 | 82,562 | 63,298 | 110,990 | 123,269 | 77,975 | 230,559 | 187,239 | 88,277 |
| Bank overdraft | 0 | 0 | 7,264 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,299 | 0 | 0 | 0 | 3,690 |
| Bank loan | 0 | 0 | 0 | 4,083 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,231 | 9,214 | 0 | 0 | 4,345 | 1,349 | 11,687 | 447 | 2,104 | 33,846 | 53,004 | 47,869 | 0 | 2,985 | 8,244 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 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 | 0 | 3,000 | 4,409 | 4,919 | 0 | 9,219 | 11,133 | 11,235 | 9,462 | 1,920 | 1,920 | 1,920 | 1,724 | 1,724 |
| total current liabilities | 9,231 | 9,214 | 10,264 | 8,492 | 9,264 | 10,825 | 20,906 | 11,580 | 13,339 | 43,308 | 110,223 | 49,789 | 1,920 | 4,709 | 13,658 |
| loans | 0 | 0 | 23,651 | 30,917 | 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 | 10,779 | 17,234 | 0 | 0 | 0 | 0 | 0 | 4,646 | 10,646 | 16,146 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,779 | 17,234 | 23,651 | 30,917 | 0 | 0 | 0 | 4,646 | 10,646 | 16,146 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 20,010 | 26,448 | 33,915 | 39,409 | 9,264 | 10,825 | 20,906 | 16,226 | 23,985 | 59,454 | 110,223 | 49,789 | 1,920 | 4,709 | 13,658 |
| net assets | 143,102 | 26,513 | 24,039 | 37,642 | 41,544 | 71,218 | 71,291 | 66,336 | 39,313 | 51,536 | 13,046 | 28,186 | 228,639 | 182,530 | 74,619 |
| total shareholders funds | 143,102 | 26,513 | 24,039 | 37,642 | 41,544 | 71,218 | 71,291 | 66,336 | 39,313 | 51,536 | 13,046 | 28,186 | 228,639 | 182,530 | 74,619 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,293 | 1,240 | 1,289 | 1,420 | 206 | 258 | 322 | 403 | 503 | 629 | 786 | 983 | 1,228 | ||
| Amortisation | 2,044 | 4,088 | 4,088 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 112,681 | 21,543 | 17,194 | -10,054 | -18,829 | 10,766 | 18,572 | -39,492 | -366 | -14,755 | 3,120 | -3,207 | 55,319 | 0 | 500 |
| Creditors | 17 | 9,214 | 0 | -4,345 | 2,996 | -10,338 | 11,240 | -1,657 | -31,742 | -19,158 | 5,135 | 47,869 | -2,985 | -5,259 | 8,244 |
| Accruals and Deferred Income | 0 | -3,000 | -1,409 | -510 | 4,919 | -9,219 | -1,914 | -102 | 1,773 | 7,542 | 0 | 0 | 196 | 0 | 1,724 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | -4,083 | 4,083 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -23,651 | -7,266 | 30,917 | 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 | -6,455 | 17,234 | 0 | 0 | 0 | 0 | -4,646 | -6,000 | -5,500 | 16,146 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| cash flow from financing | 35,000 | 0 | -4,646 | -6,000 | -5,500 | 16,146 | 0 | 0 | 0 | 0 | 24,121 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | -23,199 | -39,139 | 40,581 | -6,430 | -23,052 | -29,173 | 59,014 | -47,004 | 2,879 | 42,677 | -148,748 | -11,213 | 99,945 | 82,862 |
| overdraft | 0 | -7,264 | 7,264 | 0 | 0 | 0 | 0 | 0 | 0 | -55,299 | 55,299 | 0 | 0 | -3,690 | 3,690 |
| change in cash | 0 | -15,935 | -46,403 | 40,581 | -6,430 | -23,052 | -29,173 | 59,014 | -47,004 | 58,178 | -12,622 | -148,748 | -11,213 | 103,635 | 79,172 |
time banks uk Credit Report and Business Information
Time Banks Uk Competitor Analysis
Perform a competitor analysis for time banks uk by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in GL5 area or any other competitors across 12 key performance metrics.
time banks uk Ownership
TIME BANKS UK group structure
Time Banks Uk has no subsidiary companies.
Ultimate parent company
TIME BANKS UK
04502783
time banks uk directors
Time Banks Uk currently has 3 directors. The longest serving directors include Ms Clare Davis (Aug 2022) and Mr Ian Clark (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Clare Davis | 41 years | Aug 2022 | - | Director | |
| Mr Ian Clark | England | 79 years | Oct 2022 | - | Director |
| Dr Stefan Fafinski | 56 years | Jan 2024 | - | Director |
P&L
March 2024turnover
459.4k
+173%
operating profit
155.5k
0%
gross margin
30.1%
-1.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
143.1k
+4.4%
total assets
163.1k
+2.08%
cash
0
0%
net assets
Total assets minus all liabilities
time banks uk company details
company number
04502783
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
August 2002
age
22
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
the exchange brick row, stroud, gloucestershire, GL5 1DF
Bank
CO-OPERATIVE BANK PLC
Legal Advisor
-
time banks uk Charges & Mortgages
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 did not find charges/mortgages relating to time banks uk.
time banks uk Companies House Filings - See Documents
| date | description | view/download |
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