Western Tyres Limited

Western Tyres Ltd, based in Avonmouth, UK, is a small, holding company with an active status, celebrating 37 years in business. Employing 11 people and holding £1,306,171 in assets, the company operates from a real address and is overseen by two directors and a single owner. It functions as an irregular importer of rubber and rubber products (2 months) and a regular exporter (9 months).

The company specializes in end-of-life tyre collection, recycling, and sales, catering to businesses across the South West. Its website highlights services including tyre collection, sales of new and remoulded tyres, and bale recycling. It even runs a separate division focused on high-end piano restoration, operating from Cambridge and boasting a showroom in Harrods.

Financially, Western Tyres Ltd shows some concerning trends. Accumulated depreciation on plant machinery increased by 6.1%, while vehicles saw a significant 48.0% rise. Bank borrowings surged by a staggering 140%, and cash reserves grew by 30% to £1,100,000. However, net assets declined by 28% to £450,000, and trade debtors decreased by 35%. Despite a decrease in employees from 11 to 10, the company remains classified as small, meeting two of three criteria. No auditor is mentioned, likely due to its small size.

The company's focus on recycling and tyre management is commendable, but the decline in equity and increase in debt warrant close attention. The dual focus on tyres and pianos is unique, but it’s unclear how well these two ventures complement each other.

Registered in England/Wales under the registration number 02232899, with a registered address at BS11 9HS, Avonmouth, Bristol, Alloys House, St Andrews Road.

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