Timetools Limited

Timetools Ltd, based in Brierley Hill, UK, is a small, active family business established eighteen years ago. With five employees and £218,058 in assets, the company operates from a real address and is led by two directors and owners. It’s a regular importer and exporter of electrical machinery and equipment, with 12 months of import activity and 25 months of export activity recorded. The company operates within the wholesale of computers, computer peripheral equipment and software industries.

While the company has a strong online presence, specializing in network time synchronization solutions – including GPS and multi-GNSS NTP servers, wall clocks, and timing antennas – its financial health presents a mixed picture. Current assets have decreased by 33% to £220,000, and net assets have fallen significantly by 45% to £150,000. Bank borrowings have increased, and cash reserves have dropped considerably to £52,000. Trade debtors have also seen a decline, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in equity raises concerns.

It’s worth noting that creditors have increased, and total inventories have risen by 27% to £140,000, which could indicate increased purchasing to meet demand. The company’s accounts are unaudited, reflecting its status as a small entity exempt from an audit. The significant decrease in net assets, coupled with the rise in bank borrowings, suggests that Timetools Ltd may be experiencing financial strain, possibly due to increased operating costs or a slowdown in sales. However, the continued import and export activity indicates ongoing business operations, and the company’s niche specialization in network time synchronization could provide a buffer against broader economic challenges.

Registered in England/Wales under the registration number 06169469, with a registered address at DY5 3LG, England, Brierley Hill, 3 Silver End Business Park, Brettell Lane.

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