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The phrase "a time when companies" is correct and usable in written English.
It can be used to refer to a specific period or situation involving companies, often in discussions about business practices or historical events.
Example: "There was a time when companies prioritized employee well-being over profits."
Alternatives: "an era in which businesses" or "a period during which firms".
Exact(53)
"If there was ever a time when companies needed to use their aircraft, this is it".
They will therefore add costs and reduce efficiencies at a time when companies can ill afford either.
There will come a time when companies like this, who profit from the occupation, will be taken to court".
A pickup in consumer spending and more business investment at a time when companies are holding fewer inventories may help set the stage for stronger production.
"There will come a time when companies like this, who profit from the occupation, will be taken to court," he said.
Moreover, the system was devised at a time when companies were more national in character and global trade had a smaller share of GDP.
Similar(5)
It faces $1.5bn in additional federal taxes over a seven-year period, beginning in 2005, at a time when company accounts show it began to amass large amounts of cash in Luxembourg.
At a time when company ethics and accountability continue to affect organisations, it is important for managers to understand the values held by their employees (Abbott, White, & Charles, 2005).
They boast double-digit revenue growth at a time when many companies are suffering.
But this was at a time when many companies were reporting healthy profits.
The cuts come at a time when media companies are feeling the pressure of a stagnating economy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com