Time Electronics Limited

Time Electronics Ltd, based in Tunbridge Wells, UK, is a small, family-run business with an active status, celebrating 58 years in operation. Founded in 1967, the company employs 30 people and holds £1,173,883 in assets. It operates from a virtual address, a detail worth noting, and is managed by three directors and two owners. The company regularly imports and exports optical and medical tools and devices—a substantial 341 months of imports and 447 months of exports recorded.

The company’s website showcases a range of precision test instruments and calibration benches, including a newly launched CalBench package. Time Electronics specializes in the manufacture of electronic measuring and testing equipment, not for industrial process control. Their product lines encompass decade boxes, portable calibrators, electrical multifunction calibrators, and calibration software. The website also highlights services like consultation, calibration, and training, alongside resources like brochures and product documents. It's clear they cater to a B2B market, serving industries worldwide.

Financially, Time Electronics Ltd shows a mixed picture. Current assets decreased by 29%, falling to £1,200,000, while net assets increased by 22%, reaching £290,000. Bank borrowings were reduced by 15%, down to £350,000, and cash reserves fell by 35%, leaving £60,000. Creditors decreased by 36%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. Although the company is exempt from an audit, the unaudited financial statements provide a snapshot of its performance. The decrease in average employees reported during the period, from 30 to 27, is a slight concern, but could reflect seasonal fluctuations or restructuring. Overall, Time Electronics appears to be navigating a competitive market, leveraging its long-standing reputation and specialized product range.

Registered in England/Wales under the registration number 00904328, with a registered address at TN1 2EP, England, Tunbridge Wells, 10 Upper Grosvenor Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.