London Tyres Limited

London Tyres Ltd, based in Enfield, UK, is a small, active company founded ten years ago in 2015. Employing just three people, it holds £9,979 in assets and operates from a real address. A single director and owner manage the business, which boasts a stellar 5.0 Google rating from 67 reviews. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded as of November 2016.

The company’s website, London Mobile Tyres, focuses on mobile tyre fitting and puncture repairs throughout London. It offers a 24-hour callout service and has expanded to include a workshop offering full servicing and repairs. The business even opened a shop, alongside its popular mobile service, and emphasizes quick, convenient service with skilled technicians and quality tyres. The website details a range of services, from mobile puncture repairs to full servicing, oil changes, and brake repairs, catering to both commercial and individual customers.

Financially, London Tyres Ltd presents a concerning picture. Current assets have plummeted by a staggering 97%, falling to just £10,000, while net assets have also decreased significantly to -£150,000. Bank borrowings have increased by 81%, reaching £19,000, and cash reserves have shrunk by 51%, leaving just £5,200. Creditors have also increased, though less dramatically. 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 agility, but the sharp decline in equity and cash reserves suggests a need for careful management. The company’s accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Ozdil Musa is both the director and owner of London Tyres Ltd. The company’s financial situation indicates it may be burning through cash, though it’s difficult to say for sure without more detailed information. The company’s reliance on irregular imports and the recent opening of a shop could be contributing factors to these financial pressures.

Registered in England/Wales under the registration number 09489546, with a registered address at EN3 7EH, England, Enfield, 58 Alexandra Road.

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