TIMELINEAPP TECH LIMITED
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Cash
£222K
+10.8% highest in 5 filed years
Net assets
-£15M
-96.5% lowest in 5 filed years
Employees
48
+37.1% highest in 5 filed years
Profit before tax
-£7.4M
-72.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £618,880 | £748,850 | +21% | |
| Operating profit | — | — | — | -£4,295,221 | -£7,393,759 | -72.1% | |
| Profit before tax | — | — | — | -£4,294,527 | -£7,394,477 | -72.2% | |
| Net profit | — | — | — | -£4,158,891 | -£7,232,091 | -73.9% | |
| Cash | £220,377 | £195,358 | £64,117 | £200,812 | £222,445 | +10.8% | |
| Total assets less current liabilities | £216,874 | £180,315 | -£711,481 | — | — | — | |
| Net assets | — | £180,315 | -£743,148 | -£7,493,824 | -£14,725,915 | -96.5% | |
| Equity | £216,874 | £180,315 | -£743,148 | -£7,493,824 | -£14,725,915 | -96.5% | |
| Average employees | 8 | 9 | 15 | 35 | 48 | +37.1% | |
| Wages | — | — | — | £2,612,018 | £4,021,987 | +54% | |
| Directors' remuneration | — | — | — | £250,842 | £288,201 | +14.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Current ratio | — | — | — | 0.15x | 0.07x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has made a loss before tax of £7,394,477 and is in a net liability position of £14,725,915 at the balance sheet date. In order to continue to trade the Company is reliant upon the support of its parent Company, Timeline Holdings Limited, which has confirmed in writing its commitment and ability to provide financial support for the foreseeable future, being a period of at least twelve months from the date the financial statements are authorised for issue.”
Significant events
- “On 13th June 2024 TimelineApp Tech Limited together with its 100% shareholder Timeline Holdings Limited and Timeline Portfolios Ltd (a fellow subsidiary of Timeline Holdings Limited) provided a guarantee in relation to the borrowings of a company related by virtue of a common director. The maximum potential contingent liability under this guarantee is £6,338,907 (2023: £Nil), the loan is repayable on 31 May 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| UNDERWOOD, Karthica | Secretary | 2020-09-04 | — | — |
| OKUSANYA, Abraham Olajide | Director | 2018-06-08 | Feb 1982 | British |
| UNDERWOOD, Karthica | Director | 2022-05-17 | Aug 1979 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTLER, Jason | Director | 2019-01-01 | 2022-05-17 |
| DANYAAL AHMED SHAH, Syed | Director | 2020-03-19 | 2022-03-21 |
| SEALE, Adam | Director | 2019-01-01 | 2022-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Timeline Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-05-20 | Active |
| Mr Abraham Okusanya | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2018-06-08 | Ceased 2021-05-20 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-08-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-06-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-06-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-30 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.