Hotline Tyres Ltd

Hotline Tyres Ltd from Harrow UK is a small, active company founded thirteen years ago in 2011. With five employees and £184,128 in assets, it operates from a virtual address – a point to note as seventy-four companies are registered at the same location. The business, a family affair, is led by two directors and two owners, and boasts an impressive Google rating of 5.0 based on 177 reviews. It functions as an irregular importer, primarily bringing in vehicles, parts, and accessories, with its last import activity recorded one month ago in July 2021. The company is a retail trade of motor vehicle parts and accessories industries.

The company’s website, Hotline Tyres Milton Keynes, is clearly geared towards e-commerce. It offers a wide selection of tyres – alloy wheels, summer tyres, winter tyres, performance tyres – and related services like wheel balancing and alignment. Customers can search for tyres by vehicle make, model, and year, or even by tyre size. The site also features a gallery showcasing alloy wheels and a blog with helpful information on tyre maintenance. It’s a comprehensive online tyre shop, and the site is very user friendly.

Financially, Hotline Tyres Ltd presents a mixed picture. While current assets remained steady at £180,000, net assets increased by a significant 44% to £820,000. However, net current liabilities grew by 10% to -£470,000, and cash bank on hand increased by 240% to £2,000. Bank borrowings increased by 2,400% to £29,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt is something to watch. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Hotline Tyres Ltd appears to be a well-regarded online tyre retailer, but its financial performance suggests it’s managing increased debt. The business seems to be doing well, but it's important to keep an eye on the trends.

Registered in England/Wales under the registration number 07748368, with a registered address at HA1 1BQ, England, Harrow, Charles Rippin & Turner Middlesex House, 130 College Road.

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