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Time Sourcing Ltd

08366512

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

OFFICE C FIRST FLOOR ALMA PARK, LUTTERWORTH, LE17 5BH
Incorporated 18/01/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78109
Other activities of employment placement agencies

Officers

Mr Joseph John Holmes

director · Since 18/01/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 1 other board

Mr Grant Elemer Andrew Seidner

director · Since 18/01/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Persons with Significant Control

Mr Grant Elemer Andrew Seidner

25–50% shares
25–50% votes

British · United Kingdom · Age 58

4 Green Lane Avenue, Hersham Village, Surrey, KT12 5HL

Notified 06/04/2016

Mr Joseph John Holmes

25–50% shares
25–50% votes

British · United Kingdom · Age 52

5 Wendover Drive, Welwyn, Hertfordshire, AL6 9LT

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 02/10/2017Registered 03/10/2017

CompanyRankvs 2274+ SIC 78109 peers
59

Financial strength89th percentile among SIC peers · 22/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.55× · 16/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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2274Time Sourcing Ltd
75
How is this score calculated?
Financial strength22/25 pts

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

Employees13/15 pts

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

Liquidity16/20 pts

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

Longevity13/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/12/2024

Net Worth

£151k

Balance sheet strength

Cash

£73k

Cash in the bank

Net Current Assets

£153k

Working capital

Current Assets

£432k

Current Liabilities

£279k

Fixed Assets

£2k

Debtors

£277k

5avg. employees

Balance Sheet

Assets less current liabilities£155k
Signed by Mr G Seidner,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.55-£90k
20232.64+£112k
20211.66—

Derived from filed accounts. Not audited figures.