King David Tyres Limited

King David Tyres Ltd from Gloucester UK: a large company, holding company, active status, founded 49 years ago, employing 118 people, holding £16,568,636 in assets, and generating £25,953,414 in yearly revenue, operates from a real address, and is overseen by four directors and one owner. It boasts a Google rating of 4.0 based on 306 reviews and regularly imports rubber and rubber products (17 months imported).

The company’s website showcases a wide range of tyre services, from online sales and fitting to mobile tyre fitting and car servicing. It’s part of The Tyre Group, a collective owned by several independent tyre retailers, including Malvern Tyres and Discount Tyres. The Tyre Group operates across the Midlands, South Wales, South West England, and Scotland, offering a vast selection of tyres from premium manufacturers like Avon, Bridgestone, and Michelin. The website also highlights a fastfit service, offering MOT testing, brakes, and steering suspension.

Financially, King David Tyres Ltd presents a mixed picture. While turnover increased by 6%, assets decreased by 9%, and net assets dropped by 13%. Bank borrowings decreased by 15%, and cash reserves fell by 14%. Creditors increased by 11%, suggesting a slight increase in short-term liabilities. The company’s large size (meeting two of three criteria for a large company) indicates a substantial operation, but the decrease in net assets and cash reserves could be a cause for concern. No auditor is mentioned, likely due to the company’s size. The decrease in assets could be due to investments in new equipment or expansion, but it warrants further investigation. The company’s continued operation and good Google rating suggest it’s navigating these challenges effectively, but the trend needs to be monitored.

Registered in England/Wales under the registration number 01219477, with a registered address at GL1 2RQ, England, Gloucester, Malvern House, Priory Road.

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