Redpath Tyres Limited

Redpath Tyres Ltd from Kelso UK: a large company holding company, active status, founded 45 years ago, employing 61 people, with £4,938,304 in assets and £14,176,424 in yearly revenue. It operates from a virtual address, managed by four directors and owned by one entity. The company regularly imports rubber and rubber products (29 months), and exports them irregularly (2 months). It's a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, employees more than 250.

Redpath Tyres Ltd is a well-established tyre distributor, primarily serving the commercial, agricultural, and earthmover sectors. Their website highlights a comprehensive range of tyres, batteries, and exhausts, alongside tyre fitting and repair services. They also operate a centralised repair centre in Duns, approved by Michelin, and even offer female-friendly tyre services. The company’s online presence showcases a commitment to customer service, with a tyre search tool and a focus on next-day fitting. They also own Rocklug Tyres Limited.

Financially, Redpath Tyres Ltd presents a mixed picture. While turnover remained steady at £14,176,424, several key metrics show shifts. Accrued liabilities increased by 34%, and depreciation expenses rose significantly, up 33%. However, bank borrowings decreased substantially, falling by 65%, and cash bank on hand increased by 26%. The company’s average number of employees increased slightly, up 5%, suggesting a need for more staff to support operations. The company's deferred tax liabilities increased by 50%.

Despite these fluctuations, Redpath Tyres Ltd appears to be navigating the current economic climate. The company’s focus on specialist tyre distribution, coupled with its approved repair services, provides a competitive advantage. The decrease in bank borrowings is a positive sign, indicating improved financial management. However, the increase in accrued liabilities and depreciation expenses warrants closer monitoring. The company is audited by Rennie Welch Audit Limited.

Registered in Scotland under the registration number SC068083, with a registered address at TD5 7AL, Scotland, Kelso, Roxburghshire, Academy House, Shedden Park Road.

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