Milan Tyre Uk Ltd

Milan Tyre Uk Ltd, based in London, is a small, active holding company established three years ago. With a single employee and £31,253 in assets, it operates from a real address in Wandsworth and is overseen by one director and two owners. The company boasts a stellar 5.0 Google rating based on 126 reviews, and it’s an irregular importer of electrical machinery and equipment, with its last import operation made on July 01, 2024.

The company’s website paints a picture of a local tyre garage specializing in new and part-worn tyres, alloy wheel repair, and vehicle servicing. Operating from Garage A, 1 St. Rule Street, it caters to customers in Wandsworth and surrounding areas like Stockwell, Clapham, and Vauxhall. The website emphasizes fast, reliable service and a commitment to quality, highlighting over 15 years of experience in the tyre industry, with roots in Dubai’s tyre manufacturing and wholesale trade. The site also promotes a range of services, including puncture repair, tyre alignment, and engine servicing, positioning itself as a one-stop shop for vehicle maintenance.

Financially, Milan Tyre Uk Ltd presents a mixed picture. Cash bank on hand increased by a significant 150% to £21,000, while creditors surged 260% to £24,000 after one year, and 34% within one year. Current assets also saw a substantial increase of 170% to £31,000. However, equity declined significantly, with retained earnings and accumulated losses increasing by 370% to £4,500. Despite these changes, the company’s small size – meeting two of three criteria for a small company – allows for agility. The lack of an auditor, due to its small size, means the figures are unaudited.

Overall, Milan Tyre Uk Ltd appears to be navigating a period of change. While its financial position shows improvements in some areas, the increase in creditors and the decline in equity suggest it’s burning through money. It’s a small, local business with a good reputation, but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 13798757, with a registered address at SW8 3EH, England, London, Garage A, 1 St. Rule Street.

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