G & S Tyre Services Limited

G And S Tyre Services Ltd, based in London, UK, is a large, holding company with an active status. Established 34 years ago in August 1990, the company employs seven people and manages assets totaling £5,959,228. Yearly revenue sits at £11,667,671. While it has a registered address, it’s likely a virtual one, as twenty-eight companies share the same location. The business is overseen by eight directors and has one owner, boasting a stellar 5.0 Google rating from 107 reviews. It regularly imports and exports rubber and rubber products, with 38 months of import activity and 4 months of export activity.

The company operates in the non-specialised wholesale trade industries. While a website isn’t available, this suggests a business-to-business model rather than direct consumer sales. It’s likely that G & S Tyre Services Ltd supplies tyres and related products to garages, dealerships, and other commercial clients.

Financially, G & S Tyre Services Ltd appears relatively stable. Current assets increased by 2.2% to £6,000,000, while net assets increased by 17% to £4,900,000. Bank borrowings remained relatively stable, and cash reserves decreased slightly to £700,000. However, creditors decreased by 20%, which is a positive sign. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The company’s consistent import and export activity suggests a well-established supply chain. The decrease in creditors could be a result of improved debt management, or perhaps a slowdown in business activity. It’s possible that the company is experiencing some challenges, but overall, the financial data paints a picture of a company that is holding its own.

Registered in England/Wales under the registration number 02531072, with a registered address at E11 1GA, London, Leytonstone House 3 Hanbury Drive, Leytonstone.

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