time to float ltd
time to float ltd Company Information
Group Structure
View All
Industry
Other human health activities
+3Registered Address
4 cocksparrow lane, cannock, WS12 4PB
Website
www.timetofloat.co.uktime to float ltd Estimated Valuation
Pomanda estimates the enterprise value of TIME TO FLOAT LTD at £16.6k based on a Turnover of £27.9k and 0.6x industry multiple (adjusted for size and gross margin).
time to float ltd Estimated Valuation
Pomanda estimates the enterprise value of TIME TO FLOAT LTD at £0 based on an EBITDA of £-2.2k and a 3.9x industry multiple (adjusted for size and gross margin).
time to float ltd Estimated Valuation
Pomanda estimates the enterprise value of TIME TO FLOAT LTD at £0 based on Net Assets of £-30.9k and 3.06x industry multiple (adjusted for liquidity).
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Time To Float Ltd Overview
Time To Float Ltd is a dissolved company that was located in cannock, WS12 4PB with a Companies House number of 09302854. It operated in the other human health activities sector, SIC Code 86900. Founded in November 2014, it's largest shareholder was mark smethurst with a 100% stake. The last turnover for Time To Float Ltd was estimated at £27.9k.
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Time To Float Ltd Health Check
Pomanda's financial health check has awarded Time To Float Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £27.9k, make it smaller than the average company (£428.7k)
- Time To Float Ltd
£428.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Time To Float Ltd
- - Industry AVG
Production
with a gross margin of 42.4%, this company has a higher cost of product (69.5%)
- Time To Float Ltd
69.5% - Industry AVG
Profitability
an operating margin of -8% make it less profitable than the average company (6.5%)
- Time To Float Ltd
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Time To Float Ltd
12 - Industry AVG
Pay Structure
on an average salary of £24.3k, the company has an equivalent pay structure (£24.3k)
- Time To Float Ltd
£24.3k - Industry AVG
Efficiency
resulting in sales per employee of £27.9k, this is less efficient (£47.1k)
- Time To Float Ltd
£47.1k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (29 days)
- Time To Float Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 1022 days, this is slower than average (26 days)
- Time To Float Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Time To Float Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Time To Float Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 237.5%, this is a higher level of debt than the average (40.5%)
237.5% - Time To Float Ltd
40.5% - Industry AVG
TIME TO FLOAT LTD financials
Time To Float Ltd's latest turnover from November 2018 is estimated at £27.9 thousand and the company has net assets of -£30.9 thousand. According to their latest financial statements, we estimate that Time To Float Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|
| Tangible Assets | 21,539 | 25,340 | 29,812 | |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 21,539 | 25,340 | 29,812 | |
| Stock & work in progress | ||||
| Trade Debtors | 977 | 1,072 | ||
| Group Debtors | ||||
| Misc Debtors | 435 | |||
| Cash | 2,220 | |||
| misc current assets | 55 | |||
| total current assets | 977 | 1,127 | 2,655 | |
| total assets | 22,516 | 26,467 | 32,467 | |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 44,989 | 38,633 | 51,442 | |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 44,989 | 38,633 | 51,442 | |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | 290 | |||
| other liabilities | 8,475 | 16,262 | ||
| provisions | ||||
| total long term liabilities | 8,475 | 16,552 | ||
| total liabilities | 53,464 | 55,185 | 51,442 | |
| net assets | -30,948 | -28,718 | -18,975 | |
| total shareholders funds | -30,948 | -28,718 | -18,975 |
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 5,261 | |||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -95 | 637 | 435 | |
| Creditors | 6,356 | -12,809 | 51,442 | |
| Accruals and Deferred Income | -290 | 290 | ||
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | -7,787 | 16,262 | ||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -2,220 | 2,220 | ||
| overdraft | ||||
| change in cash | -2,220 | 2,220 |
time to float ltd Credit Report and Business Information
Time To Float Ltd Competitor Analysis
Perform a competitor analysis for time to float ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in WS12 area or any other competitors across 12 key performance metrics.
time to float ltd Ownership
TIME TO FLOAT LTD group structure
Time To Float Ltd has no subsidiary companies.
Ultimate parent company
TIME TO FLOAT LTD
09302854
time to float ltd directors
Time To Float Ltd currently has 1 director, Mr Mark Smethurst serving since Nov 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Smethurst | England | 54 years | Nov 2014 | - | Director |
P&L
November 2018turnover
27.9k
+87%
operating profit
-2.2k
0%
gross margin
42.4%
+0.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2018net assets
-30.9k
+0.08%
total assets
22.5k
-0.15%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
time to float ltd company details
company number
09302854
Type
Private limited with Share Capital
industry
86900 - Other human health activities
72200 - Research and experimental development on social sciences and humanities
96020 - Hairdressing and other beauty treatment
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
November 2018
previous names
N/A
accountant
-
auditor
-
address
4 cocksparrow lane, cannock, WS12 4PB
Bank
-
Legal Advisor
-
time to float ltd 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 to float ltd.
time to float ltd Capital Raised & Share Issues BETA
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.
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time to float ltd Companies House Filings - See Documents
| date | description | view/download |
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