Tia Wheels Ltd

Tia Wheels Ltd, based in Telford, UK, is a large, holding company with an active status, having been incorporated twelve years ago in July 2012. The company employs ten people and holds assets valued at £7,231,895. It operates from a real address, with one director and one owner reported. Google users have given it a perfect 5.0 rating based on nine reviews. Tia Wheels Ltd regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 7 months of import activity and 5 months of export activity recorded.

The company’s website isn't available, so it’s difficult to determine the specifics of its online presence. However, the company operates in the wholesale trade of motor vehicle parts and accessories industries.

Financially, Tia Wheels Ltd presents a mixed picture. While current assets decreased by 29% to £7,200,000, net assets increased by 48% to £3,100,000. Bank borrowings surged by 120,000%, reaching £120,000, and cash reserves fell 100% to zero. Creditors decreased by 48%, suggesting better debt management. Administrative expenses increased by 92%, and staff costs rose by 26%. The company meets two of three criteria to be considered a large company, and the lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The sharp decline in cash reserves and the increase in administrative expenses are concerning, but the decrease in creditors suggests that the company is managing its short-term liabilities effectively. The increase in net assets could be a result of increased profitability or changes in asset valuations. It's possible the company is investing heavily in growth, which could explain the increased expenses and reduced cash reserves.

Registered in England/Wales under the registration number 08141539, with a registered address at TF7 4QR, Telford, Shropshire, Units C & D, Halesfield 14.

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