Pomanda estimates the enterprise value of TIME TO SPARE LTD at £421.2k based on a Turnover of £673.2k and 0.63x industry multiple (adjusted for size and gross margin).
time to spare ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of TIME TO SPARE LTD at £1.3m based on an EBITDA of £356.7k and a 3.73x industry multiple (adjusted for size and gross margin).
time to spare ltdEstimated Valuation
£452.2k
Pomanda estimates the enterprise value of TIME TO SPARE LTD at £452.2k based on Net Assets of £191.8k and 2.36x industry multiple (adjusted for liquidity).
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Time To Spare LtdOverview
Time To Spare Ltd is a live company located in london, N4 3HH with a Companies House number of 11530023. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 2018, it's largest shareholder is
mr thomas john neill
with a 57.8% stake. Time To Spare Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£673.2k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Time To Spare Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
1 Regular
4 Weak
Size
annual sales of £673.2k, make it smaller than the average company (£3.5m)
£673.2k - Time To Spare Ltd
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (8.9%)
75% - Time To Spare Ltd
8.9% - Industry AVG
Production
with a gross margin of 42.6%, this company has a higher cost of product (72%)
42.6% - Time To Spare Ltd
72% - Industry AVG
Profitability
an operating margin of 53% make it more profitable than the average company (3.7%)
53% - Time To Spare Ltd
3.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (32)
4 - Time To Spare Ltd
32 - Industry AVG
Pay Structure
on an average salary of £66.9k, the company has an equivalent pay structure (£66.9k)
£66.9k - Time To Spare Ltd
£66.9k - Industry AVG
Efficiency
resulting in sales per employee of £168.3k, this is more efficient (£113.2k)
£168.3k - Time To Spare Ltd
£113.2k - Industry AVG
Debtor Days
it gets paid by customers after 171 days, this is later than average (61 days)
171 days - Time To Spare Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (44 days)
66 days - Time To Spare Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Time To Spare Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Time To Spare Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.3%, this is a lower level of debt than the average (61.2%)
39.3% - Time To Spare Ltd
61.2% - Industry AVG
TIME TO SPARE LTD financials
EXPORT
Time To Spare Ltd's latest turnover from August 2023 is estimated at £673.2 thousand and the company has net assets of £191.8 thousand. According to their latest financial statements, Time To Spare Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Turnover
673,215
149,836
177,003
126,143
35,189
Other Income Or Grants
Cost Of Sales
386,372
84,617
100,770
71,299
20,585
Gross Profit
286,843
65,219
76,233
54,845
14,605
Admin Expenses
-69,858
118,701
113,548
36,913
13,980
Operating Profit
356,701
-53,482
-37,315
17,932
625
Interest Payable
Interest Receivable
Pre-Tax Profit
356,701
-53,482
-37,315
17,932
625
Tax
-89,175
-3,407
-119
Profit After Tax
267,526
-53,482
-37,315
14,525
506
Dividends Paid
Retained Profit
267,526
-53,482
-37,315
14,525
506
Employee Costs
267,524
315,085
292,864
165,812
59,421
Number Of Employees
4
5
5
3
1
EBITDA*
356,701
-53,482
-37,315
17,932
625
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
315,806
10,066
30,653
30,602
4,817
Group Debtors
Misc Debtors
5,000
Cash
misc current assets
total current assets
315,806
10,066
30,653
30,602
9,817
total assets
315,806
10,066
30,653
30,602
9,817
Bank overdraft
Bank loan
Trade Creditors
70,531
74,535
27,060
2,132
3,199
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
70,531
74,535
27,060
2,132
3,199
loans
hp & lease commitments
Accruals and Deferred Income
53,515
11,297
18,978
13,439
6,112
other liabilities
6,899
provisions
total long term liabilities
53,515
11,297
25,877
13,439
6,112
total liabilities
124,046
85,832
52,937
15,571
9,311
net assets
191,760
-75,766
-22,284
15,031
506
total shareholders funds
191,760
-75,766
-22,284
15,031
506
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Operating Activities
Operating Profit
356,701
-53,482
-37,315
17,932
625
Depreciation
Amortisation
Tax
-89,175
-3,407
-119
Stock
Debtors
305,740
-20,587
51
20,785
9,817
Creditors
-4,004
47,475
24,928
-1,067
3,199
Accruals and Deferred Income
42,218
-7,681
5,539
7,327
6,112
Deferred Taxes & Provisions
Cash flow from operations
6,899
-6,899
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
-6,899
6,899
share issue
interest
cash flow from financing
-6,899
6,899
cash and cash equivalents
cash
overdraft
change in cash
time to spare ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for time to spare ltd. Get real-time insights into time to spare ltd's credit score, group structure and payment trends.
Perform a competitor analysis for time to spare ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N 4 area or any other competitors across 12 key performance metrics.
time to spare ltd Ownership
TIME TO SPARE LTD group structure
Time To Spare Ltd has no subsidiary companies.
Ultimate parent company
TIME TO SPARE LTD
11530023
TIME TO SPARE LTD Shareholders
The largest shareholders in Time To Spare Ltd include Mr Thomas John Neill and Mr William Scott Eccles Thompson.
mr thomas john neill
57.83%
mr william scott eccles thompson
19.28%
simon la fosse
1.78%
the michael and betty little trust
1.78%
cenan djenan
1.43%
robert sansom
1.43%
andy phillipps
1.3%
john yeomans
1.19%
justus schirmacher
1.16%
micah gold
1.08%
time to spare ltd directors
Time To Spare Ltd currently has 3 directors.
The longest serving directors include
Mr Thomas Neill (Aug 2018) and
Mr William Thompson (Nov 2019).
62012 - Business and domestic software development
incorporation date
August 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
KJW ACCOUNTANCY SERVICES (COTSWOLDS) LTD
auditor
-
address
space 4 113-115 fonthill road, london, N4 3HH
Bank
-
Legal Advisor
-
time to spare 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 spare ltd.
time to spare 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 spare ltdCompanies House Filings - See Documents
