Philip White Tyres Limited

Philip White Tyres Limited is a small, active holding company based in Armagh, Northern Ireland, UK. Founded 39 years ago in 1986, the company employs 34 people and holds assets valued at £2,762,472. With two directors and one owner, it operates from a real address at Station Road Industrial Estate, Loughall Road, BT61 7NP. The business regularly imports rubber and rubber products, with 37 months of import activity recorded.

The company’s core business involves the wholesale and retail trade of motor vehicle parts and accessories, as well as fleet management services. Its website showcases a wide range of tyres from leading manufacturers, alongside alloy wheels and wheel alignment services. Philip White Tyres also provides a 24-hour breakdown service and caters to commercial customers, including haulage companies. The website even highlights a key dealer network and Midas stock software, suggesting a broad range of services.

Financially, Philip White Tyres Limited presents a mixed picture. Current assets have fallen by 15%, dropping to £2,800,000, while net assets have also decreased by 5%, settling at £1,400,000. Bank borrowings have increased by 3.5%, reaching £980,000, and cash reserves have plummeted 49%, falling to £210,000. Creditors have also declined by 9.6%, to £2,800,000, which could indicate improved debt management. The company's small size (meeting two of three conditions for being classified as small) allows for agility, but the decrease in equity is something to watch. No auditor is mentioned, which is common for small companies.

The company's financial data shows a trend of increased borrowing and decreased cash reserves, which could be due to investments in inventory or expansion. The drop in net assets is a concern, but the decrease in creditors suggests the company is managing its debts effectively. The business appears to be operating in a competitive market, but its wide range of services and focus on customer service could help it maintain its position.

Registered in Northern Ireland under the registration number NI019153, with a registered address at BT61 7NP, Armagh, Co Armagh, Station Road Industrial Estate, Loughall Road.

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