Phillips Tyres Limited

Phillips Tyres Limited, based in Oxford, UK, is a small, family-run business with an active status. Founded twenty years ago in December 2004, it employs nineteen people and holds £887,356 in assets. With a real registered address and three directors, alongside two owners, it’s a tight-knit operation. The company is an irregular importer of rubber and rubber products, with its last import activity recorded over two years ago in February 2022.

Phillips Tyres Limited operates in the wholesale and retail trade of motor vehicle parts and accessories, and its website, while not currently active, suggests a focus on tyre sales and related services. It's a small company, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

However, a closer look at the financials reveals some concerning trends. Accrued liabilities have jumped significantly, increasing by 930% to £44,000. Cash reserves have also plummeted, dropping 78% to just £17,000. While creditors decreased by 55%, suggesting improved debt management, the sharp decline in cash and the rise in liabilities are causes for concern. Bank borrowings have also increased, reaching £240,000. The company’s net assets have fallen by 18% to £59,000.

The company’s directors are Phillips Florence, Phillips Paul Eric, and Phillips Linda, and its owners are Phillips Florence and Phillips Paul Eric. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s reliance on irregular imports and the recent financial pressures suggest it’s navigating a challenging market—but its family ownership and established presence in the Oxford area could provide a foundation for future stability.

Registered in England/Wales under the registration number 05321011, with a registered address at OX4 2TZ, England, Oxford, Units C & D 24 Peterley Road, Cowley.

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