First Industrial Tyres Limited

First Industrial Tyres Ltd from Eye UK: a small, active company founded fifteen years ago, employs twenty-five people, and holds assets worth £2,807,753. It’s a real address, managed by three directors and two owners, and has a Google rating of 3.0 based on just two reviews. The company regularly imports machinery, boilers, and mechanical appliances; parts, with nineteen months of import activity recorded.

FIT Tyres operates as a specialist in industrial tyres, focusing on supply and fitting. The company’s website highlights its national mobile tyre fitting service, supported by vans and mobile presses equipped with airlines and power. It caters to forklift tyres, offering various types like pneumatic, press-on band, and polyurethane, alongside wholesale locations and news updates. Notably, it’s the exclusive distributor for the Global Rubber range of resilient and press-on solid industrial tyres.

Financially, the company shows a mixed picture. Current assets increased by 41% to £2,800,000, while net assets also increased by 28% to £2,200,000. However, bank borrowings surged by 2,400% to £29,000, and cash reserves fell 30% to £28,000. Director remuneration increased by 60% to £97,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in borrowings and decrease in cash reserves could indicate a need for careful financial management. No auditor is mentioned, meaning the figures are unaudited.

The company's focus on mobile service and exclusive distribution suggests a niche strategy, but the financial data suggests it’s navigating a period of change.

Registered in England/Wales under the registration number 07175545, with a registered address at IP23 7HU, Eye, Suffolk, Unit 7 Progress Way, Mid Suffolk Business Park.

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