Savoy Tyres Limited

Savoy Tyres Limited is a small, active company established 51 years ago, in 1974, and based in Hull, England. With 98 employees and assets totaling £1,190,628, it’s a well-established family business boasting a perfect 5.0 Google rating from nearly 500 reviews. The company operates from a real address and is led by five directors, with Palmer Paul owning the business. Savoy Tyres regularly imports rubber and rubber products, with the last import operation recorded in March 2025.

The company’s website reveals a comprehensive automotive service provider. Beyond its core tyre sales, Savoy Autocentres offers MOTs, air conditioning servicing, repairs, and a range of other services, including engine diagnostics and battery replacements. It has thirteen depots across Yorkshire, offering a wide range of tyre brands like Goodyear, Dunlop, Pirelli, and Michelin. The website also promotes online MOT booking, winter safety checks, and even part-worn tyre options.

Financially, Savoy Tyres Limited presents a mixed picture. While cash reserves decreased by 25% to £260,000, current assets increased by 9.9% to £1,200,000. Bank borrowings have decreased significantly, dropping 21% to £330,000, and trade debtors have risen sharply by 75% to £440,000—perhaps reflecting increased sales. Creditors have also decreased by 18%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the increase in trade debtors could indicate a need for closer monitoring of customer payments. No auditor is mentioned, which is common for small companies. The company’s financial statements are unaudited.

The sharp decline in equity, however, is a concern. It’s possible that the company is reinvesting heavily in its operations, or that there were one-off expenses that impacted the bottom line. The company’s long history and positive customer reviews suggest a resilient business, but the financial trends warrant careful observation.

Registered in England/Wales under the registration number 01165017, with a registered address at HU8 0TY, Savoy Road, Kingston Upon Hull.

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