Nordic Tyres (uk) Limited

Nordic Tyres Uk Ltd from Dumfries, UK, is a small holding company with an active status, celebrating 25 years since its founding in 1999. The company employs 11 people and holds assets valued at £3,471,856. Boasting a perfect 5.0 Google rating from 11 reviews, it's managed by two directors and one owner, all operating from a real address. Nordic Tyres is a regular importer of rubber and rubber products, with 71 months of import activity recorded, the last in February 2025. It exports irregularly, with just 2 months of export activity, the last in July 2023.

The company’s website highlights its role as a UK distributor for Nokian Tyres, specializing in forestry, agricultural, and industrial tyres. It has expanded its offerings to include CEAT agricultural radial tyres, Pronar wheels, Nexen tubes, Maxxis, Duro, and Kenda ATV tyres. The site functions as a wholesale partner, offering a dealer locator and encouraging customers to input tyre details for a quick search. The business operates from Lochside Industrial Estate and emphasizes British craftsmanship and family ownership.

Financially, Nordic Tyres shows a mixed picture. Current assets are stable at £3.5 million, but net assets have fallen by 27% to £1 million. Bank borrowings have decreased by 8.2%, and cash reserves have plummeted 83% to just £23,000. Creditors have increased by 19%, and trade debtors have risen by 9.2%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation on property, plant, and equipment has increased significantly, particularly in the areas of land and buildings, and motor vehicles. Despite this, the company has not required an audit.

Overall, Nordic Tyres appears to be navigating a period of change. While its core business remains active and well-regarded, the decline in cash reserves and equity suggests a need for careful financial management.

Registered in Scotland under the registration number SC197337, with a registered address at DG2 0HS, Scotland, Dumfries, Nordic Tyres Lochside Industrial Estate, Irongray Road.

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