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Timico provides telecommunications, Internet, and cloud-based services in the United Kingdom. It offers managed IT and cloud services, such as cloud, colocation and hosting, collaboration and business continuity services, unified communications and voice solutions, including IP and traditional telephony, and mobile solutions. The Company also provides consultancy and professional services, connectivity services comprising Ethernet, business broadband, managed networks, network management, and network security services.
TypePrivate
Founded2004
HQNewark, GB
Websitetimico.com

Latest Updates

Employees (est.) (Apr 2021)313
Revenue (FY, 2018)£43.3 M(-14%)
Cybersecurity ratingCMore

Key People/Management at Timico

Neil Muller

Neil Muller

Chief Executive Officer
Duncan Bain

Duncan Bain

Chief Financial Officer
Daryl Paton

Daryl Paton

Chief Financial Officer
John Holt

John Holt

Chief Operating Officer
Kirsty Johnson

Kirsty Johnson

Director, Integration & Business Transformation
Victoria Marcer

Victoria Marcer

Mergers & Acquisitions Director
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Timico Office Locations

Timico has offices in Newark, London, Nottinghamshire and Telford
Newark, GB (HQ)
Brunel business park, Jessop Cl
London, GB
2-19 Lancaster Pl
Nottinghamshire, GB
Beacon Hill Office Park Cafferata Way
Telford, GB
Hortonwood 37, Donnington
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Timico Financials and Metrics

Summary Metrics

Founding Date

2004

Timico total Funding

$62.3 m

Timico latest funding size

$62.31 m

Time since last funding

4 years ago

Timico investors

Timico's latest funding round in February 2017 was reported to be $62.3 m. In total, Timico has raised $62.3 m
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Timico Revenue

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Timico's revenue was reported to be £43.3 m in FY, 2018
GBP

Revenue (FY, 2018)

43.3m

Gross profit (FY, 2018)

21.3m

Gross profit margin (FY, 2018), %

49.1%

Net income (FY, 2018)

(970.0k)

EBIT (FY, 2018)

(1.1m)

Cash (31-Dec-2018)

651.0k
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

20.4m21.9m23.2m24.0m23.1m36.3m40.9m40.9m50.8m43.3m

Cost of goods sold

13.4m14.1m14.9m14.3m14.2m20.0m22.9m22.8m26.5m22.0m

Gross profit

7.1m7.8m8.4m9.7m8.9m16.3m17.9m18.1m24.3m21.3m

Gross profit Margin, %

35%35%36%40%39%45%44%44%48%49%
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

686.0k910.0k2.8m820.0k1.3m1.4m1.1m651.0k

Accounts Receivable

1.2m796.0k681.0k672.0k880.0k1.8m2.1m2.4m4.2m4.4m

Inventories

61.0k63.0k109.0k68.0k74.0k145.0k168.0k234.0k165.0k264.0k

Current Assets

4.8m4.4m5.9m5.0m7.8m11.6m13.5m13.9m16.4m16.9m
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

2.5m2.5m3.3m13.9m1.6m

Cash From Investing Activities

(1.6m)(8.7m)(3.2m)(3.7m)(1.9m)

Cash From Financing Activities

(28.0k)4.7m(180.0k)(9.1m)(98.0k)

Net Change in Cash

853.0k(1.5m)(42.0k)1.1m(402.0k)
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Timico Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Timico Online and Social Media Presence

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Timico News and Updates

TimiDNA Platform Now Available Along with Two Million Timicoin Giveaway

AUSTIN, Texas, Aug. 15, 2018 /PRNewswire/ -- There are three important things to know about Timicoin/TimiHealth (www.timicoin.io), the operating blockchain ecosystem listed on the LATOKEN exchange (Symbol: TMC) that's designed to empower individuals to secure, control and monetize their...

UK businesses 'woefully under-prepared' for ransomware attacks

WannaCry ransomware attack reveals worrying gap in security protection for many companies.

UK businesses 'woefully under-prepared' for ransomware attacks

WannaCry ransomware attack reveals worrying gap in security protection for many companies.

UK businesses 'woefully under-prepared' for ransomware attacks

WannaCry ransomware attack reveals worrying gap in security protection for many companies.

Timico Blogs

Utilise your social housing IT partner

In any housing association, the technological requirements are vast. That is why the benefits of utilising a social housing IT partner is plentiful. Technology partnerships exist to help social housing organisations implement and optimise their technical systems. But budget and time restraints can o…

Top tips for enabling a remote workforce in social housing

The rise in social housing providers enabling a remote workforce is continuing to increase. Many associations are recognising the benefits of flexible working, including better productivity, significant energy and cost savings as well as happier employees. In fact, a recent report highlighted that 7…

Are your resident support solutions connected, productive and secure?

Technology around resident support and communication needs to be at the top of any digital agenda. After all, tenants want to feel safe, secure, and supported by their housing provider. In recent years, housing providers have increasingly adopted self-service portals in their homes as part of reside…

Why are social housing regulations, like HACT, so important in digital transformation?

Since 2018, HACT and its partner, OSCRE have worked in partnership to develop inspiring social housing regulations and a new standard aimed at streamlining data processes. The impact of this work has been significant, with housing providers now having the means and capability to drive technological …

Five ways to tackle social housing IT challenges

It is no secret that social housing IT challenges continues to be a growing problem for housing associations. The changing expectations of the digital citizen, technology budget constraints as well as the ongoing recovery from Covid-19 means that these challenges are only going to increase over the …

National Earth Day: Making a difference to the environment

As a leading business in the UK, our environmental and sustainable responsibility has always been at the core of our business strategy. However, there is always more we can be doing and, as we mark National Earth Day this year, we are even more dedicated to helping our planet. National Earth Day is …
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Timico Frequently Asked Questions

  • When was Timico founded?

    Timico was founded in 2004.

  • Who are Timico key executives?

    Timico's key executives are Neil Muller, Duncan Bain and Daryl Paton.

  • How many employees does Timico have?

    Timico has 313 employees.

  • What is Timico revenue?

    Latest Timico annual revenue is £43.3 m.

  • What is Timico revenue per employee?

    Latest Timico revenue per employee is £138.3 k.

  • Who are Timico competitors?

    Competitors of Timico include Gamma Communications, Bizbee and Aklamio.

  • Where is Timico headquarters?

    Timico headquarters is located at Brunel business park, Jessop Cl, Newark.

  • Where are Timico offices?

    Timico has offices in Newark, London, Nottinghamshire and Telford.

  • How many offices does Timico have?

    Timico has 4 offices.