Tuf Treads (dyfed) Limited

Tuf Treads Dyfed Ltd, a large family business based in Llanelli, UK, has been a fixture in the tyre and wheel service industry for 45 years. With 58 employees and £5.47 million in assets, the company is actively trading and boasts a stellar 5.0 Google rating from 35 reviews. It’s a well-established operation, led by four directors and owned by Rees Elizabeth Ann and Rees Michael John, and operates from a real address in Cross Hands. The company regularly imports rubber and rubber products—a consistent 23-month import history—with the latest shipment arriving in November 2024. Exports are less frequent, with just one month of activity recorded back in April 2023.

Beyond tyre services, Tuf Treads operates a network of locations across South Wales, offering everything from retail tyre sales and mobile services to fleet management and retreading. The company’s website highlights its expertise in servicing a wide range of vehicles, from cars and vans to trucks, agricultural machinery, and even industrial equipment like forklifts and earthmovers. It’s clear they are targeting a broad customer base, emphasizing both local service and nationwide coverage.

Financially, Tuf Treads appears to be doing well. Current assets increased by 15% to £5.5 million, while net assets grew by 9.4% to £4.6 million. Bank borrowings remained stable, and cash reserves saw a significant boost, increasing by 78% to £1.7 million. Creditors also increased by 15%, suggesting a growth in trade payables. The company meets the criteria for a large company, having met two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and employing more than 250 people. The accounts were audited by Harris Bassett Limited.

However, a closer look reveals some interesting trends. While overall profits increased by 130%, administrative expenses also rose by 8.5%, potentially indicating increased overhead costs. Trade debtors increased by 9.6%, which could be a sign of slower customer payments. While the company’s strong financial position and positive customer reviews suggest continued success, these trends warrant monitoring. The company's growth may be fueled by the expansion of its services and geographic reach, but it's important to ensure that costs are managed effectively.

Registered in England/Wales under the registration number 01424620, with a registered address at SA14 6EG, Wales, Llanelli, Tuf Treads (Dyfed) Ltd, Unit 1 Heol Y Fritheg, Cross Hands.

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