Tyre Renewals Limited

Tyre Renewals Ltd, based in Somerset, UK, is a small, active company with a long history, having been founded 57 years ago in 1967. With 34 employees and £6,818,541 in assets, it’s a significant player in its sector. The company is run by six directors and one owner, with Robert Nicholas Dix at the helm. It has a real registered address, which is probably real as only one company registered at the address.

The company operates as an irregular importer and exporter, primarily dealing with machinery, boilers, and mechanical appliances, with parts. It imports these items for about one month, with the last import operation made on July 01, 2022, and exports for a similar period, with the last export operation made on June 01, 2023. Tyre Renewals Ltd manufactures other rubber products, and its website is currently undergoing maintenance. Users are directed to call 01963 350470 or email enquiriestyrerenewals.co.uk for assistance.

Financially, Tyre Renewals Ltd appears to be in a relatively healthy position, although some trends are worth noting. Cash bank on hand has increased by a substantial 34%, reaching £5.5 million, and current assets are up 25%, now at £6.8 million. Equity has also grown significantly, increasing by 21% to £7 million. However, fixed assets have decreased by 15%, now at £1.7 million, and depreciation impairment has increased slightly. Trade debtors remain steady at £1.3 million, while creditors have decreased by 4.1%, now at £1.2 million. 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 remain agile. There is no auditor mentioned, likely exempt as a small company.

The company’s financial reports are unaudited, and it's clear that the business is doing well, although a decrease in fixed assets is something to keep an eye on.

Registered in England/Wales under the registration number 00921415, with a registered address at BA7 7DT, Somerset, Torbay Road, Castle Cary.

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