Group Tyre Wholesale Limited

Group Tyre Wholesale Ltd, based in Aylesbury, UK, is a sizable company with a holding structure, currently active after being founded 14 years ago. Employing 105 people, it holds assets worth £10.88 million and generates a yearly revenue of £35.5 million. The company operates from a real address and is managed by three directors and two owners, also running an e-commerce site. It regularly imports rubber and rubber products, with the last import operation occurring in January 2025.

The company’s website highlights its focus on selling tyres and related accessories, with a strong emphasis on supporting automotive businesses. It offers a wide range of tyres from major manufacturers, alongside value brands, and provides services like remote support and employee training. The website also showcases a GroupLink system for efficient order management and a dedicated sales team with extensive industry experience. Two locations are listed: the head office in Aylesbury and a branch in Potters Bar.

Financially, Group Tyre Wholesale Ltd presents a mixed picture. While turnover remained consistent at £35.5 million, net assets increased by 21% to £18 million, indicating improved overall financial health. However, bank borrowings decreased by 65% to £95,000, and cash reserves increased by 980% to £120,000. Creditors decreased by 6.3%, suggesting better debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The audit firm Haines Watts Tamworth Limited performed the audit.

The significant decrease in deferred income and accrued liabilities, coupled with a rise in administrative expenses, could signal a shift in the company’s operational strategy or increased overhead costs. The increase in director remuneration suggests a focus on incentivizing key personnel. Overall, Group Tyre Wholesale Ltd appears to be a financially stable company, benefiting from its established presence in the tyre wholesale market.

Registered in England/Wales under the registration number 07399286, with a registered address at HP20 1QN, England, Aylesbury, Buckinghamshire, Group House, Lester Road.

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