Cartland Industrial Tyres Ltd

Cartland Industrial Tyres Ltd, based in Southampton, UK, is a small, active company founded 10 years ago. With £284,950 in assets and a virtual address shared by seventeen other companies, it's a modest operation managed by two directors and a single owner, Cropp Steven Ian. The company holds a respectable 4.0-star Google rating from six reviews, and regularly imports rubber and rubber products – its last import was made just last month.

The company operates within the maintenance and repair of motor vehicles industries. Its website is currently unavailable, so it's difficult to determine if it operates an e-commerce site or primarily serves business customers directly.

Financially, Cartland Industrial Tyres Ltd presents a mixed picture. Current assets have decreased by 20% to £280,000, while net assets have fallen by a more substantial 53% to -£45,000. Bank borrowings have seen a significant increase, and cash reserves have dropped considerably. While creditors have also decreased, the decline in equity is concerning. The company meets two of the three conditions to be considered small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, and there is no auditor mentioned.

The company’s recent change in ownership, just one month ago, could be a sign of restructuring or a new strategy. The decline in net assets suggests the company may be burning through cash, but the decrease in creditors indicates better management of short-term debt. It’s a small business facing some challenges, but its regular import activity and positive Google rating suggest it still has potential.

Registered in England/Wales under the registration number 09566111, with a registered address at SO15 0LG, United Kingdom, Southampton, Hampshire, Panelrite House, First Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.