We Recycle Tyres Limited

We Recycle Tyres Limited, based in Llanrhaeadr, UK, is a small, active family business established four years ago. With five employees and £45,222 in assets, the company operates from a real address and is managed by three directors and three owners. It’s a regular importer, with its top category being machinery, boilers, and mechanical appliances; parts, with the last import activity occurring in July 2024. The company specializes in the treatment and disposal of non-hazardous waste, offering a comprehensive tyre disposal service to various industries.

The company’s website highlights its services to logistics firms, car dealerships, and agricultural businesses, emphasizing reliability, competitive pricing, and adherence to environmental regulations. It offers a regular collection service throughout North Wales and handles all tyre sizes and conditions, ensuring legal and safe disposal. The website also features a blog section, reinforcing its expertise in safety solutions.

Financially, We Recycle Tyres Limited shows a mixed picture. Current assets increased by 38% to £45,000, while net assets grew by a modest 2.8% to £44,000. However, net current assets liabilities fell sharply by 340% to -£6,800. Cash reserves increased by 68% to £22,000, but creditors rose by 73% to £52,000. Trade debtors increased by 19%, suggesting a potential need to manage customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in net current assets liabilities is a concern. The company is exempt from an audit, so the figures are unaudited.

Overall, We Recycle Tyres Limited appears to be a small, family-run business navigating the challenges of growth. While its tyre recycling operations seem well-established, the financial data indicates a need to carefully manage its liabilities and maintain a healthy cash flow.

Registered in England/Wales under the registration number 13322705, with a registered address at LL16 4PF, United Kingdom, Llanrhaeadr, Denbighshire, Bachymbyd Workshops.

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