T W Tyres Ltd

T W Tyres Ltd, based in Spalding, UK, is a small, family-run business with an active trading status. Founded fifteen years ago in 2009, the company employs eleven people and holds £859,836 in assets. With a real registered address and two directors and two owners at the helm, it’s a tight-knit operation. The firm is an irregular importer, with its top import category being Rubber and rubber products, totaling 1 months of imports. The last import operation was conducted on January 01, 2023.

The company operates in the manufacture of other parts and accessories for motor vehicles industries. While it doesn’t appear to have a dedicated website, its listing indicates a focus on supplying parts and accessories—likely to trade customers. The lack of a visible online presence suggests a business-to-business model, relying on direct sales and relationships rather than direct-to-consumer retail.

Financially, T W Tyres Ltd shows a mixed picture. Current assets increased by 7.6% to £860,000, while net assets grew by 3.7% to £510,000. Cash bank on hand increased significantly by 11% to £600,000—a positive sign of liquidity. However, creditors also rose by 10% to £370,000, indicating increased reliance on trade credit. Trade debtors remained relatively stable. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in creditors warrants monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s retained earnings accumulated losses are steady, and its fixed assets saw a slight decline, which could be due to depreciation or strategic investment elsewhere. Overall, T W Tyres Ltd appears to be holding its own, but the increase in creditors suggests a need to manage working capital effectively.

Registered in England/Wales under the registration number 07029705, with a registered address at PE12 9DN, England, Spalding, Lincolnshire, Kenora Daniels Gate, Long Sutton.

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