Tire Monitor System Limited

Tire Monitor System Ltd from Derbyshire UK: a small, holding company with an active status, was founded 28 years ago. The company employs seven people and holds £666,970 in assets, operating from a real address with two directors and one owner. It regularly imports electrical machinery and equipment (for three months) and exports optical and medical tools and devices (for twenty-one months).

The company specializes in OTR (Off-the-Road) TPMS (Tire Pressure Monitoring Systems), providing independent solutions for large industrial vehicles. Its website highlights the benefits of its systems—enhanced safety, prolonged tire life, reduced downtime, and increased fuel efficiency—catering to sectors like mining, construction, ports, and mass transit. Tire Monitor System designs and manufactures high-quality wireless TPMS, emphasizing its ruggedized solutions and compatibility with various tire sizes and manufacturers. The company even offers a free trial to potential customers.

Financially, Tire Monitor System Ltd has seen some interesting shifts. Cash reserves have taken a significant hit, dropping 88% to just £43,000—a considerable decrease. Bank borrowings have also increased substantially, jumping 330,000% to £330,000, which is a big change. Creditors have increased by 110%, reaching £96,000, while trade debtors have risen dramatically by 350%, now at £440,000. On a more positive note, net assets have decreased by 13%, settling at £590,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the significant changes in cash and debt warrant attention. The company is exempt from an audit, so the figures are unaudited.

The company’s equity has also decreased by 13%, and the average number of employees has dropped slightly, from seven to six. It’s likely that the company is navigating a period of growth and investment, which may be impacting its short-term financial performance.

Registered in England/Wales under the registration number 03306387, with a registered address at SK17 6HF, Derbyshire, West Road House, 26a West Road, Buxton.

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