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Time Electronics Limited

00904328

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

10 UPPER GROSVENOR ROAD, TUNBRIDGE WELLS, TN1 2EP
Incorporated 24/04/1967

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 28/08/2025

Due 11/09/2026

On track

Industry

26511
Manufacture of electronic instruments and appliances for measuring, testing, and navigation

Officers

Brenda Bailey

secretary · Since 28/08/1991

BRITISH

Mr Martin James Bailey

director · Since 01/09/2002

ELECTRONIC ENGINEER

BRITISH · ENGLAND · Age 54

Also on 1 other board

Robert Bailey

director · Since 10/12/2013

DIRECTOR

BRITISH · ENGLAND · Age 47

Persons with Significant Control

Mrs Joanne Bailey

25–50% shares
25–50% votes

British · England · Age 51

10, Upper Grosvenor Road, Tunbridge Wells, TN1 2EP

Notified 06/04/2016

Mr Martin James Bailey

50–75% shares
50–75% votes
Appoint directors

British · England · Age 54

10, Upper Grosvenor Road, Tunbridge Wells, TN1 2EP

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

HSBC BANK PLC

Created 11/01/2017Registered 11/01/2017
charge
outstanding

HSBC BANK PLC

Created 03/07/2012Registered 05/07/2012
charge
satisfied

BRENDA BAILEY

Created 09/04/1998Registered 17/04/1998Satisfied 13/06/2012
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 10/12/1993Registered 20/12/1993Satisfied 03/03/2004

CompanyRankvs 478+ SIC 26511 peers
51

Financial strength67th percentile among SIC peers · 17/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.06× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength17/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£182k

Balance sheet strength

Cash

£169k

Cash in the bank

Net Current Assets

£68k

Working capital

Current Assets

£1.3M

Current Liabilities

£1.2M

Fixed Assets

£338k

Debtors

£310k

0avg. employees-27

Tax at Year End(2017)

Corp tax£14k

Balance Sheet

Assets less current liabilities£406k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.06-£104k
20241.35+£52k
20231.21-£50k
20221.59-£286k
20213.12-£344k
20202.13+£176k
20191.49-£19k
20171.67

Derived from filed accounts. Not audited figures.