timec 333 limited
timec 333 limited Company Information
Company Number
NI010410
Website
mcaleer-rushe.co.ukRegistered Address
unit a1, boucher business studios, belfast, antrim, BT12 6QH
Industry
Construction of commercial buildings
Telephone
-
Next Accounts Due
1355 days late
Group Structure
View All
Directors
Eamonn Laverty49 Years
Shareholders
mcaleer & rushe construction limited 100%
timec 333 limited Estimated Valuation
Pomanda estimates the enterprise value of TIMEC 333 LIMITED at £1.1m based on a Turnover of £3m and 0.37x industry multiple (adjusted for size and gross margin).
timec 333 limited Estimated Valuation
Pomanda estimates the enterprise value of TIMEC 333 LIMITED at £0 based on an EBITDA of £-1.5m and a 3.16x industry multiple (adjusted for size and gross margin).
timec 333 limited Estimated Valuation
Pomanda estimates the enterprise value of TIMEC 333 LIMITED at £0 based on Net Assets of £-1.5m and 1.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Timec 333 Limited Overview
Timec 333 Limited is a live company located in belfast, BT12 6QH with a Companies House number of NI010410. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in October 1974, it's largest shareholder is mcaleer & rushe construction limited with a 100% stake. Timec 333 Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with rapid growth in recent years.
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Timec 333 Limited Health Check
Pomanda's financial health check has awarded Timec 333 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £3m, make it smaller than the average company (£8.7m)
- Timec 333 Limited
£8.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (6.7%)
- Timec 333 Limited
6.7% - Industry AVG
Production
with a gross margin of 15.2%, this company has a comparable cost of product (15.2%)
- Timec 333 Limited
15.2% - Industry AVG
Profitability
an operating margin of -51% make it less profitable than the average company (4.6%)
- Timec 333 Limited
4.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (50)
5 - Timec 333 Limited
50 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£47k)
- Timec 333 Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £603.5k, this is more efficient (£356.8k)
- Timec 333 Limited
£356.8k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (46 days)
- Timec 333 Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 87 days, this is slower than average (43 days)
- Timec 333 Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Timec 333 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Timec 333 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.9%, this is a higher level of debt than the average (73.1%)
104.9% - Timec 333 Limited
73.1% - Industry AVG
TIMEC 333 LIMITED financials
Timec 333 Limited's latest turnover from September 2018 is estimated at £3 million and the company has net assets of -£1.5 million. According to their latest financial statements, Timec 333 Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | -57,750 | 705,212 | 56,888,708 | 66,264,519 | 108,571,000 | 88,170,838 | 55,073,236 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 226,071 | 52,038 | 128,150 | 54,233,641 | 60,622,523 | 98,821,719 | 80,104,209 | 48,110,677 | |
| Gross Profit | -226,071 | -109,788 | 577,062 | 2,655,067 | 5,641,996 | 9,749,281 | 8,066,629 | 6,962,559 | |
| Admin Expenses | 20,356,161 | 4,501,473 | -672,805 | 2,518,441 | 3,673,077 | 4,953,838 | 4,819,985 | 6,234,518 | |
| Operating Profit | -20,582,232 | -4,611,261 | 1,249,867 | 136,626 | 1,968,919 | 4,795,443 | 3,246,644 | 728,041 | |
| Interest Payable | 0 | 180,916 | 0 | 17,460 | 40,136 | 166,145 | 543,476 | 260,235 | |
| Interest Receivable | 0 | 0 | 0 | 40,929 | 4 | 10,580 | 189 | 51,216 | |
| Pre-Tax Profit | -20,582,232 | -4,792,177 | 1,249,867 | 160,095 | 1,448,381 | 6,039,160 | 997,542 | 799,624 | |
| Tax | 0 | -28,016 | -196,954 | 0 | 30,261 | -290,979 | -8,140 | 25,244 | |
| Profit After Tax | -20,582,232 | -4,820,193 | 1,052,913 | 160,095 | 1,478,642 | 5,748,181 | 989,402 | 824,868 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -20,582,232 | -4,820,193 | 1,052,913 | 160,095 | 1,478,642 | 5,748,181 | 989,402 | 824,868 | |
| Employee Costs | 0 | 0 | 2,274,715 | 4,717,553 | 6,203,326 | 5,450,608 | 5,433,215 | ||
| Number Of Employees | 5 | 5 | 5 | 85 | 128 | 122 | 108 | 104 | |
| EBITDA* | -17,954,080 | -4,611,261 | 1,271,366 | 686,833 | 2,122,499 | 4,984,563 | 3,459,652 | 1,016,371 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 187,728 | 209,729 | 236,229 | 783,961 | 887,536 | 1,031,892 | 1,327,269 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 16,887 | 8,791 | 2,349,611 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 49,757,684 | 53,964,436 | 62,018,820 | 62,249,844 | 62,488,676 |
| Total Fixed Assets | 0 | 0 | 187,728 | 209,729 | 49,993,913 | 54,748,397 | 62,923,243 | 63,290,527 | 66,165,556 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 202,053 | 1,915,243 | 546,516 | 1,819,243 |
| Trade Debtors | 314,279 | 331,662 | 1,014,441 | 982,511 | 6,478,001 | 13,098,835 | 16,585,285 | 22,699,678 | 13,163,186 |
| Group Debtors | 29,095,608 | 29,108,678 | 49,087,278 | 51,440,504 | 0 | 0 | 0 | 0 | 1,473 |
| Misc Debtors | 1,332,319 | 1,395,169 | 3,443,663 | 2,089,871 | 1,070,194 | 2,612,058 | 1,544,843 | 1,873,085 | 2,841,226 |
| Cash | 0 | 0 | 0 | 801,706 | 910,340 | 3,888,938 | 2,669,234 | 0 | 39,858 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,742,206 | 30,835,509 | 53,545,382 | 55,314,592 | 8,458,535 | 19,801,884 | 22,714,605 | 25,119,279 | 17,864,986 |
| total assets | 30,742,206 | 30,835,509 | 53,733,110 | 55,524,321 | 58,452,448 | 74,550,281 | 85,637,848 | 88,409,806 | 84,030,542 |
| Bank overdraft | 73,639 | 56,728 | 21,642 | 0 | 0 | 0 | 0 | 4,715,580 | 8,508,660 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 1,444,798 | 866,400 | 0 |
| Trade Creditors | 613,262 | 1,250,866 | 1,708,445 | 2,486,008 | 8,419,488 | 19,634,185 | 24,977,107 | 26,994,959 | 21,707,979 |
| Group/Directors Accounts | 28,040,260 | 28,343,504 | 30,903,130 | 27,060,605 | 0 | 0 | 9,307 | 254,108 | 608,111 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 14,337 | 28,716 | 95,054 | 180,788 |
| other current liabilities | 3,535,112 | 1,160,499 | 493,749 | 1,046,156 | 1,217,126 | 3,403,249 | 3,506,504 | 2,434,426 | 1,524,075 |
| total current liabilities | 32,262,273 | 30,811,597 | 33,126,966 | 30,592,769 | 9,636,614 | 23,051,771 | 29,966,432 | 35,360,527 | 32,529,613 |
| loans | 0 | 0 | 0 | 0 | 26,390,731 | 29,233,502 | 34,870,714 | 37,968,042 | 37,314,123 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 14,336 | 43,052 | 138,023 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 26,390,731 | 29,233,502 | 34,885,050 | 38,011,094 | 37,452,146 |
| total liabilities | 32,262,273 | 30,811,597 | 33,126,966 | 30,592,769 | 36,027,345 | 52,285,273 | 64,851,482 | 73,371,621 | 69,981,759 |
| net assets | -1,520,067 | 23,912 | 20,606,144 | 24,931,552 | 22,425,103 | 22,265,008 | 20,786,366 | 15,038,185 | 14,048,783 |
| total shareholders funds | -1,520,067 | 23,912 | 20,606,144 | 24,931,552 | 22,425,103 | 22,265,008 | 20,786,366 | 15,038,185 | 14,048,783 |
| Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -20,582,232 | -4,611,261 | 1,249,867 | 136,626 | 1,968,919 | 4,795,443 | 3,246,644 | 728,041 | |
| Depreciation | 0 | 2,628,152 | 0 | 21,499 | 550,207 | 153,580 | 189,120 | 213,008 | 288,330 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -28,016 | -196,954 | 0 | 30,261 | -290,979 | -8,140 | 25,244 | |
| Stock | 0 | 0 | 0 | 0 | -202,053 | -1,713,190 | 1,368,727 | -1,272,727 | 1,819,243 |
| Debtors | -93,303 | -22,709,873 | -967,504 | -2,792,993 | -12,369,450 | -10,473,619 | -6,673,659 | 8,328,046 | 78,494,561 |
| Creditors | -637,604 | -457,579 | -777,563 | -5,933,480 | -11,214,697 | -5,342,922 | -2,017,852 | 5,286,980 | 21,707,979 |
| Accruals and Deferred Income | 2,374,613 | 666,750 | -552,407 | -170,970 | -2,186,123 | -103,255 | 1,072,078 | 910,351 | 1,524,075 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,964,964 | -5,001,743 | -2,237,045 | -142,484 | 8,893,392 | 9,052,742 | 2,593,524 | -56,040,135 | |
| Investing Activities | |||||||||
| capital expenditure | -2,475 | -50,005 | -48,245 | 276,941 | -5,517 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -16,887 | 8,096 | -2,340,820 | 2,349,611 |
| cash flow from investments | -2,475 | -33,118 | -56,341 | 2,617,761 | -2,355,128 | ||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -1,444,798 | 578,398 | 866,400 | 0 |
| Group/Directors Accounts | -303,244 | -2,559,626 | 3,842,525 | 27,060,605 | 0 | -9,307 | -244,801 | -354,003 | 608,111 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -26,390,731 | -2,842,771 | -5,637,212 | -3,097,328 | 653,919 | 37,314,123 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -14,337 | -28,715 | -95,054 | -180,705 | 318,811 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | -180,916 | 0 | 23,469 | -40,132 | -155,565 | -543,287 | -209,019 | |
| cash flow from financing | -2,559,626 | 4,156,394 | 2,123,410 | -2,833,639 | -7,160,164 | -3,014,350 | 442,324 | 51,255,941 | |
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | -801,706 | -108,634 | -2,978,598 | 1,219,704 | 2,669,234 | -39,858 | 39,858 |
| overdraft | 16,911 | 35,086 | 21,642 | 0 | 0 | 0 | -4,715,580 | -3,793,080 | 8,508,660 |
| change in cash | -16,911 | -35,086 | -823,348 | -108,634 | -2,978,598 | 1,219,704 | 7,384,814 | 3,753,222 | -8,468,802 |
timec 333 limited Credit Report and Business Information
Timec 333 Limited Competitor Analysis
Perform a competitor analysis for timec 333 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
timec 333 limited Ownership
TIMEC 333 LIMITED group structure
Timec 333 Limited has no subsidiary companies.
Ultimate parent company
TIMEC 333 LIMITED
NI010410
timec 333 limited directors
Timec 333 Limited currently has 1 director, Mr Eamonn Laverty serving since Oct 1974.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eamonn Laverty | 71 years | Oct 1974 | - | Director |
P&L
September 2018turnover
3m
0%
operating profit
-1.5m
0%
gross margin
15.2%
-100%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2018net assets
-1.5m
-64.57%
total assets
30.7m
0%
cash
0
0%
net assets
Total assets minus all liabilities
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timec 333 limited company details
company number
NI010410
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
incorporation date
October 1974
age
50
accounts
Total Exemption Full
ultimate parent company
previous names
mcaleer & rushe limited (October 2020)
incorporated
UK
address
unit a1, boucher business studios, belfast, antrim, BT12 6QH
last accounts submitted
September 2018
timec 333 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 11 charges/mortgages relating to timec 333 limited. Currently there are 1 open charges and 10 have been satisfied in the past.
timec 333 limited Companies House Filings - See Documents
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