S1 Tyres Limited

S1 Tyres Ltd, based in Dagenham, UK, is a small, active company founded ten years ago. With just four employees and £54,850 in assets, it’s a compact operation led by a single director and owner. The company maintains a real address and boasts a stellar 5.0-star Google rating from 92 reviews. It’s an irregular importer, primarily dealing in rubber and rubber products, with the last import activity recorded two months ago.

S1 Tyres operates as a wholesale supplier of motor vehicle parts and accessories, as indicated by its website. The site promotes itself as a trusted provider since 1990, offering services like appointment bookings and on-site repairs. It features a range of automotive services, including oil changes, tire replacements, and engine maintenance, with pricing listed for some services. The website also highlights its collision repair capabilities and partnerships with other automotive businesses. It seems to be focused on providing a convenient and comprehensive service for vehicle owners.

Financially, S1 Tyres Ltd presents a mixed picture. Cash reserves have seen a dramatic increase, jumping 6,100% to £6,200, a positive sign. However, current assets have also risen by 24% to £55,000, while net assets decreased by 6.1% to -£84,000. Bank borrowings have disappeared entirely, a welcome change, but trade debtors have surged by 550%, suggesting potential issues with customer payments. Creditors have decreased by 39%, which is good, but the overall decline in equity is concerning. The company is small, meeting two of three conditions for classification, and is exempt from an audit, so the numbers are unaudited.

It seems S1 Tyres has managed to boost its cash position, but the decline in equity and increase in trade debtors suggest it might be burning through money faster than it's collecting payments. Whether this is a temporary blip or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 09569975, with a registered address at RM8 1HJ, England, Dagenham, Essex, Unit C, Coppen Road.

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