G Tyres Ltd

G Tyres Ltd, based in Mitcham, UK, is a small, active company founded fourteen years ago in 2010. With thirteen employees and £245,237 in assets, it operates from a virtual address shared by fifteen other companies – a bit unusual, really. Two directors and two owners manage the business, which has earned a perfect 5.0 Google rating from forty-two reviews. The company regularly imports rubber and rubber products, with its last import activity recorded in December 2024.

G Tyres Ltd specializes in the wholesale trade of motor vehicle parts and accessories, primarily selling part-worn tyres. Its website showcases a wide range of tyre brands and types, catering to both commercial and retail customers. The company emphasizes competitive pricing, fast delivery, and a large inventory – over 50,000 tyres in stock. It even has a separate section for piano restoration, which is interesting.

Financially, G Tyres Ltd presents a mixed picture. Creditors increased significantly by 33% to £490,000, while debtors decreased sharply by 78% to just £17,000. Cash reserves fell 40% to £1,300, and net assets declined 68% to -£250,000. Bank borrowings were also reduced by 30% to £25,000. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the decline in equity is concerning. No auditor is mentioned, which is common for small companies.

The increased creditors suggest a reliance on short-term financing, while the decrease in debtors could indicate improved collections or a shift in payment terms. The substantial drop in net assets, however, raises questions about the company's long-term financial health. It’s a bit of a puzzle, really, but G Tyres Ltd seems to be holding on, and its strong Google rating suggests satisfied customers.

Registered in England/Wales under the registration number 07331083, with a registered address at UB10 9AP, England, Uxbridge, Gutteridge Works, Western Avenue.

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