Tanvic Group Limited

Tanvic Group Limited, based in Newark, Nottinghamshire, is a large, active company with a 54-year history, founded in 1970. Employing 262 people, the firm holds assets worth £19,944,301 and generates an impressive £69,265,178 in revenue annually. With three directors and a single owner, Mccracken Stephen David, at the helm, the company maintains a solid 4.0-star Google rating from 21 reviews. It’s a regular importer of rubber and rubber products, with 52 months of import activity recorded, the latest in February 2025.

Tanvic Group Limited operates within the maintenance and repair of motor vehicles, wholesale trade of motor vehicle parts and accessories, and retail trade of motor vehicle parts and accessories industries. While a website isn’t readily available, the company's operations appear to be primarily business-to-business, supplying tyres and related services to commercial clients.

Financially, Tanvic Group Limited presents a mixed picture. Current assets declined by 6.3% to £20 million, while net assets dropped 9.6% to £14 million. Bank borrowings remained stable, but cash reserves decreased. Creditors decreased by a significant 18%, suggesting improved debt management. The company meets the criteria for a large company, with turnover exceeding £36 million and a balance sheet total exceeding £18 million, and employees more than 250. The auditor, Duncan & Toplis Audit Limited, signed off on the financial statements.

The decrease in current assets and net assets, despite the strong revenue, could indicate increased investment in inventory or delayed payments from customers. However, the decrease in creditors suggests the company is managing its short-term liabilities effectively. The company’s long-standing presence and consistent revenue stream point to a stable business, but the financial trends warrant closer monitoring.

Registered in England/Wales under the registration number 00985614, with a registered address at NG24 1LS, Notts, Granary Lodge, 96 Appletongate,, Newark.

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