Kirkby(tyres)limited

Kirkby Tyres Ltd from Liverpool UK: a large company, holding company, and active status, has been a fixture for 66 years. Employing 90 people and boasting assets of £38,942,980, the company operates from a virtual address, a detail that raises some eyebrows. With five directors and one owner, Kirkby Tyres runs an e-commerce site and maintains a respectable Google rating of 4.0 based on 55 reviews. It’s a regular importer and exporter of rubber and rubber products, having imported for 423 months and exported for 129 months.

The company’s core business revolves around wholesale trade of motor vehicle parts and accessories, with a particular focus on tyres. Its website, though not directly linked in the report, likely showcases a wide range of tyre brands and related products. The company’s virtual address, shared by 204 other companies, suggests a cost-saving measure, but also a lack of physical presence.

Financially, Kirkby Tyres presents a mixed picture. Current assets have increased by a modest 1.3% to £39 million, while net assets have jumped a significant 8.6% to £28 million. However, bank borrowings have plummeted by a dramatic 34%, reducing to £5.7 million, and cash reserves have fallen by 46% to £1.5 million. Creditors have also decreased by 5.2% to £19 million. The company meets the criteria for a large company, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The directors’ remuneration has decreased by 60%, a potentially positive sign of cost control.

The absence of a mention of an auditor is not unusual for a company of this size, meaning the financial data is unaudited. While the company’s strong asset base and increasing net assets are encouraging, the decrease in cash reserves warrants closer monitoring. The fact that the list of directors was changed just one month ago could indicate a period of transition or restructuring. Overall, Kirkby Tyres Ltd appears to be a well-established player in the tyre wholesale market, but its financial health requires continued observation.

Registered in England/Wales under the registration number 00605978, with a registered address at L3 9QJ, United Kingdom, Liverpool, Suites C,D,E,F, 14th Floor The Plaza, Old Hall Street.

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