Trs Tyres Ltd

TRS Tyres Ltd, based in Morecambe, UK, is a large, active family business founded 35 years ago. Employing 61 people and holding assets of £9,309,975, it’s a significant player in the tyre industry. The company, with three directors and two owners, has a strong online presence, boasting a perfect 5.0 Google rating from 65 reviews. It regularly imports and exports rubber and rubber products, with 6 months of import activity and 69 months of export activity.

The company’s website, casings.co.uk, positions it as the UK's No. 1 tyre casing company. It offers a range of services, including casing solutions, a casing collection, and environmental CSR initiatives. The site also highlights the company's commitment to customer service, with a dedicated contact form and social media links. It seems like they are focused on B2B sales rather than direct consumer sales.

Financially, TRS Tyres Ltd shows some concerning trends. While cash reserves increased by 39% to £4,500,000, net assets only increased slightly. Bank borrowings have vanished, which is a positive, but current assets dropped by 23% to £9,300,000. Director remuneration decreased significantly, by 68%, which could indicate cost-cutting measures. Trade debtors increased by 20%, which might suggest difficulties in collecting payments from customers. The company's net loss deepened by 23%, reaching £880,000. With no auditor mentioned, the figures rely on unaudited statements.

Overall, TRS Tyres Ltd appears to be navigating a challenging financial landscape. The company's long history and strong reputation suggest resilience, but the declining profitability and increasing trade debtors warrant close monitoring. The company’s focus on the B2B market and its commitment to quality and service will be key to its future success.

Registered in England/Wales under the registration number 02428299, with a registered address at LA3 3BS, Morecambe, Lancashire, Whitegate, White Lund Industrial Estate.

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