Mr. Tyre Limited

Mr. Tyre Limited, based in Lichfield, UK, is a sizable company with a 34-year history, currently employing 201 people. The company holds £14,166,304 in assets and generates £23,750,850 in yearly revenue, positioning it as a significant player in its sector. It operates as a holding company and has an active trading status. The company’s registered address is real, with only three other companies registered at the same location. The business is led by three directors and has one owner, though this owner list may not be exhaustive.

Mr. Tyre Limited primarily operates in the retail trade of motor vehicle parts and accessories. It’s an irregular importer, with its top import category being vehicles, parts, and accessories, though only for one month in 2017. Conversely, it’s a regular exporter of rubber and rubber products, with five months of export activity recorded, the last being in 2020. The company’s website is not available, so it’s impossible to determine if it operates as an e-commerce business.

Financially, Mr. Tyre Limited appears to be navigating a period of change. Current assets increased by 8.5% to £14,000,000, while turnover increased by a substantial 14%, reaching £24,000,000. However, net assets decreased by 8.6% to £8,500,000, and bank borrowings increased significantly. Creditors decreased by 18%, suggesting improved debt management. The company meets two of the three criteria to be considered a large company, indicating a solid foundation, but the decrease in net assets warrants further investigation. The company's auditor is PKF Smith Cooper Audit Limited, and the financial statements are audited. It's worth noting that the company’s director remuneration benefits increased by 14%, which could be a factor in the change in net assets. Overall, Mr. Tyre Limited seems to be a stable, well-established business, but the recent financial trends suggest a need for careful monitoring.

Registered in England/Wales under the registration number 02602575, with a registered address at WS13 6HX, England, Lichfield, 2 Station Road.

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