Company Overview
Timec 333 Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 29 October 1974, so this is a well established company. Timec 333 Limited has been in business for 51 years and 5 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2020.
Registered Address

Unit A1 Boucher Business Studios, Glenmachan Place, Belfast, Antrim, BT12 6QH
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Companies House Data
Company NameTIMEC 333 LIMITED
Company NumberNI010410
Registered Office AddressUnit A1 Boucher Business Studios
 Glenmachan Place
 BT12 6QH
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date29/10/1974
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/09/2020
Accounts Last Made Up Date30/09/2018
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date28/04/2017
Returns Last Made Up Date31/03/2016
Previous Company NameChanged Date
MCALEER & RUSHE LIMITED21 Oct 2020
Directors & Members
Show Resigned
Eamonn Laverty - Director
(Northern Irish, 74 years old, born July 1952)
Appointed 29 October 1974
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 30-Sep-2018 30-Sep-2015 30-Sep-2014
Balance Sheet
Fixed Assets 49,964,468 49,964,468 49,993,913
Current Assets 2,434,742 2,434,742 8,458,535
Creditors Due Within One Year 3,546,355 3,546,355 9,636,614
Working Cap -1,111,613 -1,111,613 -1,178,079
Total Assets Less Current Liabilities 48,852,855 48,852,855 48,815,834
Long-term Liabilities 25,374,839 25,374,839 26,390,731
Net Assets 23,478,016 23,478,016 22,425,103
Share Capital & Reserves
Share Cap 60,080 60,080 60,080
Profit & Loss Reserves 18,417,936 18,417,936 17,365,023
Other Reserves 5,000,000 5,000,000 5,000,000
Shareholders Funds 23,478,016 23,478,016 22,425,103
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2018 30-Sep-2015 30-Sep-2014
Tangible Fixed Assets - - -
Fixed Assets 95.4% 95.4% 85.5%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 1.9% 1.9% 11.1%
Cash Bank In Hand 1.5% 1.5% 1.6%
Current Assets 4.6% 4.6% 14.5%
Creditors Due Within One Year 6.8% 6.8% 16.5%
Net Current Assets Liabilities -2.1% -2.1% -2.0%
Creditors Due After One Year 48.4% 48.4% 45.1%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 44.8% 44.8% 38.4%
Called Up Share Capital 0.1% 0.1% 0.1%
Share Capital Allotted Called Up Paid 0.1% 0.1% 0.1%
Profit Loss Account Reserve 35.1% 35.1% 29.7%
Shareholder Funds 44.8% 44.8% 38.4%
Capital Employed - - -
Total Assets Less Current Liabilities 93.2% 93.2% 83.5%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2018 30-Sep-2015 30-Sep-2014
Liquidity Ratio 0.7 0.7 0.9
Solvency Ratio 1.8 1.8 1.6
Reserves to Assets 0.4 0.4 0.3
Secured Creditors Unlock full report
Mortgages Charges 11
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 10
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2018 30-Sep-2015 30-Sep-2014
Assets 52,399,210 52,399,210 58,452,448
Debt 28,921,194 28,921,194 36,027,345
Net Assets/Debt 23,478,016 23,478,016 22,425,103

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Notice of completion of voluntary arrangement
Notice to Registrar of voluntary arrangement taking effect
Statement of receipts and payments to 23 November 2025
Notification of Sycamore Grange Company Limited as a person with significant control on 11 October 2024
Cessation of Timec 222 Limited as a person with significant control on 11 October 2024
Statement of receipts and payments to 23 November 2024
Statement of receipts and payments to 23 November 2023
Statement of receipts and payments to 23 November 2022
Statement of receipts and payments to 23 November 2021
Registered office address changed from 17-19 Dungannon Road Cookstown Co Tyrone BT80 8TL to Unit a1 Boucher Business Studios Glenmachan Place Belfast Antrim BT12 6QH on 3 December 2020
Resolutions
Statement of affairs
Appointment of a liquidator
Notification of Timec 222 Limited as a person with significant control on 30 October 2020
Cessation of Mcaleer & Rushe Construction Limited as a person with significant control on 30 October 2020
Termination of appointment of Eamon Patrick Higgins as a secretary on 30 October 2020
Termination of appointment of Stephen Herbert Surphlis as a director on 30 October 2020
Termination of appointment of Martin Francis Magee as a director on 30 October 2020
Termination of appointment of Seamus (James) Mcaleer as a director on 30 October 2020
Termination of appointment of Mary Margaret Laverty as a director on 30 October 2020
Certificate of change of name
Appointment of Mr Eamon Patrick Higgins as a secretary on 24 July 2020
Termination of appointment of James Stephen Higgins as a secretary on 2 July 2020
Termination of appointment of James Stephen Higgins as a director on 2 July 2020
Confirmation statement made on 31 March 2020 with no updates

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