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Seddon & Black Consumables are THE U.K. stockist of this fantastic product! 

The cutting action of Timesaver (Precision Finish) Lapping Compound is rapid at first and gradually diminishes as the abrasive particles disintegrate into inoperative material. The finishing action is such that surface irregularities and surplus metal is gently and quickly removed without disturbing the natural metal structure.

Timesaver Lapping Compound is manufactured expressly for the purpose of fitting and smoothing the bearing or contacting surfaces of either rotating, oscillating, or sliding parts of a mechanism. The compound is produced in two general classes, namely grades for ferrous metals and grades for non-ferrous metals.  Timesaver Lapping Compound does not contain emery, ground glass, siliconcarbide, aluminum oxide, or similar permanent charging abrasives. It will not charge into any metal surface or continue to cut.

For detailed information please read this detailed booklet, available as a download.