time out market limited
time out market limited Company Information
Company Number
09550826
Next Accounts
Mar 2025
Industry
Take away food shops and mobile food stands
Shareholders
time out group bc limited
Group Structure
View All
Contact
Registered Address
172 drury lane 1st floor, london, WC2B 5QR
Website
www.timeout.comtime out market limited Estimated Valuation
Pomanda estimates the enterprise value of TIME OUT MARKET LIMITED at £2.6m based on a Turnover of £3.6m and 0.74x industry multiple (adjusted for size and gross margin).
time out market limited Estimated Valuation
Pomanda estimates the enterprise value of TIME OUT MARKET LIMITED at £0 based on an EBITDA of £-15.5m and a 4.41x industry multiple (adjusted for size and gross margin).
time out market limited Estimated Valuation
Pomanda estimates the enterprise value of TIME OUT MARKET LIMITED at £0 based on Net Assets of £-41.8m and 2.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Time Out Market Limited Overview
Time Out Market Limited is a live company located in london, WC2B 5QR with a Companies House number of 09550826. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in April 2015, it's largest shareholder is time out group bc limited with a 100% stake. Time Out Market Limited is a young, small sized company, Pomanda has estimated its turnover at £3.6m with unknown growth in recent years.
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Time Out Market Limited Health Check
Pomanda's financial health check has awarded Time Out Market Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £3.6m, make it larger than the average company (£152.7k)
£3.6m - Time Out Market Limited
£152.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Time Out Market Limited
- - Industry AVG
Production
with a gross margin of 30.1%, this company has a higher cost of product (52.2%)
30.1% - Time Out Market Limited
52.2% - Industry AVG
Profitability
an operating margin of -436.2% make it less profitable than the average company (2.9%)
-436.2% - Time Out Market Limited
2.9% - Industry AVG
Employees
with 10 employees, this is above the industry average (5)
10 - Time Out Market Limited
5 - Industry AVG
Pay Structure
on an average salary of £200.3k, the company has a higher pay structure (£11.4k)
£200.3k - Time Out Market Limited
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £356.4k, this is more efficient (£38.4k)
£356.4k - Time Out Market Limited
£38.4k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (18 days)
60 days - Time Out Market Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (21 days)
38 days - Time Out Market Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Time Out Market Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - Time Out Market Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 337.2%, this is a higher level of debt than the average (83.9%)
337.2% - Time Out Market Limited
83.9% - Industry AVG
TIME OUT MARKET LIMITED financials
Time Out Market Limited's latest turnover from June 2023 is £3.6 million and the company has net assets of -£41.8 million. According to their latest financial statements, Time Out Market Limited has 10 employees and maintains cash reserves of £124 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 3,564,000 | 3,473,000 | 1,519,000 | 950,000 | 166,000 | 0 | 0 | 0 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | -15,546,000 | -102,668,000 | -1,071,000 | -1,249,000 | -1,836,000 | -3,178,000 | -2,910,000 | -951,838 |
| Interest Payable | 1,983,000 | 11,816,000 | 20,166,000 | 8,539,000 | 4,394,000 | 2,395,000 | 808,000 | 231,712 |
| Interest Receivable | 10,337,000 | 8,519,000 | 11,685,000 | 6,185,000 | 2,059,000 | 525,000 | 108,000 | 16,122 |
| Pre-Tax Profit | -7,192,000 | -105,965,000 | -9,552,000 | -3,603,000 | -4,171,000 | -5,048,000 | -3,610,000 | -1,167,428 |
| Tax | -25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -7,217,000 | -105,965,000 | -9,552,000 | -3,603,000 | -4,171,000 | -5,048,000 | -3,610,000 | -1,167,428 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -7,217,000 | -105,965,000 | -9,552,000 | -3,603,000 | -4,171,000 | -5,048,000 | -3,610,000 | -1,167,428 |
| Employee Costs | 2,003,000 | 1,275,000 | 1,655,000 | 1,473,000 | 1,186,000 | 1,006,000 | 718,000 | 0 |
| Number Of Employees | 10 | 10 | 11 | 11 | 8 | 7 | 4 | |
| EBITDA* | -15,528,000 | -102,649,000 | -1,045,000 | -1,235,000 | -1,827,000 | -3,169,000 | -2,906,000 | -951,838 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,000 | 21,000 | 5,019,000 | 20,000 | 8,000 | 7,000 | 3,000 | 0 |
| Intangible Assets | 58,000 | 38,000 | 27,000 | 39,000 | 27,000 | 30,000 | 30,000 | 0 |
| Investments & Other | 7,325,000 | 7,066,000 | 5,009,000 | 5,009,000 | 7,405,000 | 7,405,000 | 7,405,000 | 5,504,221 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 499,000 | 1,251,000 | 1,112,245 |
| Total Fixed Assets | 7,403,000 | 7,125,000 | 5,046,000 | 5,068,000 | 7,440,000 | 7,941,000 | 8,689,000 | 6,616,466 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 591,000 | 620,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 8,326,000 | 13,525,000 | 87,476,000 | 64,623,000 | 32,965,000 | 8,563,000 | 2,910,000 | 0 |
| Misc Debtors | 1,190,000 | 1,147,000 | 374,000 | 81,000 | 110,000 | 104,000 | 114,000 | 1,007 |
| Cash | 124,000 | 120,000 | 176,000 | 156,000 | 366,000 | 10,912,000 | 393,000 | 340,010 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,231,000 | 15,412,000 | 88,026,000 | 64,860,000 | 33,441,000 | 19,579,000 | 3,417,000 | 341,017 |
| total assets | 17,634,000 | 22,537,000 | 93,072,000 | 69,928,000 | 40,881,000 | 27,520,000 | 12,106,000 | 6,957,483 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 264,000 | 229,000 | 23,000 | 56,000 | 26,000 | 225,000 | 100,000 | 107,853 |
| Group/Directors Accounts | 40,937,000 | 14,110,000 | 0 | 53,918,000 | 32,831,000 | 16,206,000 | 5,252,000 | 323,350 |
| other short term finances | 16,792,000 | 36,729,000 | 37,017,000 | 15,960,000 | 15,368,000 | 713,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,474,000 | 1,454,000 | 82,501,000 | 528,000 | 466,000 | 418,000 | 325,000 | 2,704,462 |
| total current liabilities | 59,467,000 | 52,522,000 | 119,541,000 | 70,462,000 | 48,691,000 | 17,562,000 | 5,677,000 | 3,135,665 |
| loans | 0 | 0 | 0 | 16,556,000 | 6,178,000 | 19,045,000 | 11,207,000 | 4,989,226 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 683,000 | 510,000 | 9,000 | 739,000 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 683,000 | 17,066,000 | 6,187,000 | 19,784,000 | 11,207,000 | 4,989,226 |
| total liabilities | 59,467,000 | 52,522,000 | 120,224,000 | 87,528,000 | 54,878,000 | 37,346,000 | 16,884,000 | 8,124,891 |
| net assets | -41,833,000 | -29,985,000 | -27,152,000 | -17,600,000 | -13,997,000 | -9,826,000 | -4,778,000 | -1,167,408 |
| total shareholders funds | -41,833,000 | -29,985,000 | -27,152,000 | -17,600,000 | -13,997,000 | -9,826,000 | -4,778,000 | -1,167,408 |
| Jun 2023 | Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -15,546,000 | -102,668,000 | -1,071,000 | -1,249,000 | -1,836,000 | -3,178,000 | -2,910,000 | -951,838 |
| Depreciation | 12,000 | 13,000 | 14,000 | 8,000 | 4,000 | 4,000 | 1,000 | 0 |
| Amortisation | 6,000 | 6,000 | 12,000 | 6,000 | 5,000 | 5,000 | 3,000 | 0 |
| Tax | -25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,185,000 | -72,558,000 | 87,850,000 | 31,629,000 | 23,909,000 | 4,891,000 | 3,161,748 | 1,113,252 |
| Creditors | 35,000 | 206,000 | 23,000 | 30,000 | -199,000 | 125,000 | -7,853 | 107,853 |
| Accruals and Deferred Income | 20,000 | -81,730,000 | 83,184,000 | 563,000 | -682,000 | 832,000 | -2,379,462 | 2,704,462 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -10,313,000 | -111,615,000 | -5,688,000 | -32,271,000 | -26,617,000 | -7,103,000 | -8,455,063 | 747,225 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 259,000 | 2,057,000 | 5,009,000 | -2,396,000 | 0 | 0 | 1,900,779 | 5,504,221 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 26,827,000 | 14,110,000 | 0 | 21,087,000 | 16,625,000 | 10,954,000 | 4,928,650 | 323,350 |
| Other Short Term Loans | -19,937,000 | -288,000 | 37,017,000 | 592,000 | 14,655,000 | 713,000 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 10,378,000 | -12,867,000 | 7,838,000 | 6,217,774 | 4,989,226 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 8,354,000 | -3,297,000 | -8,481,000 | -2,354,000 | -2,335,000 | -1,870,000 | -700,000 | -215,590 |
| cash flow from financing | 10,613,000 | 113,657,000 | 10,936,000 | 29,703,000 | 16,078,000 | 17,635,000 | 10,445,832 | 5,097,006 |
| cash and cash equivalents | ||||||||
| cash | 4,000 | -56,000 | 176,000 | -210,000 | -10,546,000 | 10,519,000 | 52,990 | 340,010 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,000 | -56,000 | 176,000 | -210,000 | -10,546,000 | 10,519,000 | 52,990 | 340,010 |
time out market limited Credit Report and Business Information
Time Out Market Limited Competitor Analysis
Perform a competitor analysis for time out market limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in WC2B area or any other competitors across 12 key performance metrics.
time out market limited Ownership
TIME OUT MARKET LIMITED group structure
Time Out Market Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
TIME OUT MARKET LIMITED
09550826
3 subsidiaries
time out market limited directors
Time Out Market Limited currently has 2 directors. The longest serving directors include Mr Sven Ohlund (Oct 2021) and Mr Matthew Pritchard (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sven Ohlund | England | 61 years | Oct 2021 | - | Director |
| Mr Matthew Pritchard | 50 years | Oct 2023 | - | Director |
P&L
June 2023turnover
3.6m
+3%
operating profit
-15.5m
-85%
gross margin
30.2%
-12.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-41.8m
+0.4%
total assets
17.6m
-0.22%
cash
124k
+0.03%
net assets
Total assets minus all liabilities
Similar Companies
time out market limited company details
company number
09550826
Type
Private limited with Share Capital
industry
56103 - Take away food shops and mobile food stands
incorporation date
April 2015
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
time out mercado limited (February 2016)
accountant
-
auditor
-
address
172 drury lane 1st floor, london, WC2B 5QR
Bank
HSBC BANK PLC
Legal Advisor
-
time out market limited 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 found 7 charges/mortgages relating to time out market limited. Currently there are 3 open charges and 4 have been satisfied in the past.
time out market limited 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 out market limited Companies House Filings - See Documents
| date | description | view/download |
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