Modern company with new caretaker? (12)

I believe the answer is:

contemporary

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'modern' is the definition.
(similar in meaning)

'company with new caretaker?' is the wordplay.
I cannot really see how this works, but
'company' could be 'co' (abbreviation) and 'co' is located in the answer.
'new' could be 'n' (common abbreviation eg NT for New Testament) and 'n' is located in the answer.
The remaining letters 'temporary' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for contemporary that I've seen before include "Modern in style or design" , "current" .)

I've seen this clue in The Telegraph.

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