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Time Equities Limited

07807864

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

UNIT 1 & 1A FAIRVIEW INDUSTRIAL PARK, RAINHAM, RM13 8UH
Incorporated 12/10/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Shamir Bihal

director · Since 12/10/2011

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 13 other boards

Persons with Significant Control

Mr Shamir Bihal

75–100% shares
75–100% votes
Appoint directors

British · England · Age 52

Unit 1 & 1a, Fairview Industrial Park, Rainham, RM13 8UH

Notified 01/07/2016

Former PSCs

Mr Harjinder Bihal

Ceased 14/12/2020

Mr Surjit Bihal

Ceased 15/09/2023

Charges0 outstanding

Charge
satisfied

BANK OF SCOTLAND PLC

Created 23/12/2020Registered 29/12/2020Satisfied 07/07/2025

CompanyRankvs 1006+ SIC 64209 peers
70

Financial strength92th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.12× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees15/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

identified material uncertainties relating to events or conditions that, individually or collectively may cast significant doubt about the group and subsidiary's ability to continue to adopt the going concern basis of accounting for a period of at least 12 months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with

Key FinancialsYear ending 30/06/2023

Turnover

£85.0M

Annual revenue

Net Worth

£2.6M

Balance sheet strength

Cash

£985k

Cash in the bank

Profit Before Tax

£121k

Bottom line earnings

Net Current Assets

£1.3M

Working capital

Current Assets

£12.5M

Current Liabilities

£11.2M

Fixed Assets

£1.4M

Debtors

£1.4M

Cost of Sales

£79.7M

Gross Profit

£5.4M

Admin Expenses

£5.2M

Operating Profit

£194k

Profit After Tax

£140k

63avg. employees-12

People Costs

Wages & salaries£1.8M
NI contributions£182k

Balance Sheet

Intangible assets£457k
Assets less current liabilities£2.8M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent RatioImplied Profit
20231.12+£140k
20221.10—

Derived from filed accounts. Not audited figures.