Save On Tyres Devon Limited

Save On Tyres Devon Limited is a small, active company based in Exeter, UK, established six years ago in March 2019. With 17 employees and £431,311 in assets, it operates as a family business under the direction of two directors and owners, Caton Paul John and Caton Samantha Jane. The company’s registered address is real, with only one other company registered at the same location. It's a regular importer, primarily bringing in rubber and rubber products, with the last import operation occurring six months ago in June 2023. Save On Tyres Devon Limited operates in the retail trade of motor vehicle parts and accessories.

The company's website is not available for analysis, so it’s difficult to determine the extent of its e-commerce presence. However, the business description suggests a focus on retail sales, likely through a physical location or potentially a smaller online store.

Financially, Save On Tyres Devon Limited presents a mixed picture. While cash bank holdings increased by 13% to £250,000, other key indicators show some cause for concern. Net assets grew by 12% to £180,000, which is positive, but accrued liabilities deferred income increased by 46%, reaching £2,700. Trade debtors rose by 7.1%, indicating potential delays in customer payments. Perhaps most notably, corporation tax payable spiked dramatically, increasing by 38,000% to £24,000. The company’s small size—meeting two of three conditions to be classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—helps it maintain agility, but the sudden increase in tax payable warrants further investigation. The company’s average number of employees decreased by 12%, from 17 to 15. As a small company, it is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 11869609, with a registered address at EX2 8QA, England, Exeter, Deedtrade House, Grace Road Central.

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