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Savoy Tyres Limited

01165017

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 9 outstanding charges (-10)

Details

SAVOY ROAD, HU8 0TY
Incorporated 29/03/1974

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45320
Retail trade of motor vehicle parts and accessories

Officers

Paula Jane Palmer

director · Since 01/08/1990

ACCOUNTS DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 3 other boards

Paula Jane Palmer

secretary · Since 19/10/1991

BRITISH · UNITED KINGDOM · Age 61

Also on 3 other boards

Mr Paul Palmer

director · Since 19/10/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 4 other boards

Mr Harry Maurice Palmer

director · Since 20/01/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 24

Also on 1 other board

Mr Thomas Paul Palmer

director · Since 13/02/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 22

Also on 1 other board

Persons with Significant Control

Mr Paul Palmer

75–100% shares
75–100% votes
Appoint directors

British · England · Age 62

Savoy Road, HU8 0TY

Notified 06/04/2016

Charges9 outstanding

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outstanding

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Created 23/03/2011Registered 04/04/2011
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HSBC BANK PLC

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BARCLAYS BANK PLC

Created 23/05/2002Registered 25/05/2002Satisfied 30/12/2004
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BARCLAYS BANK PLC

Created 17/04/2002Registered 20/04/2002Satisfied 30/12/2004
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satisfied

BARCLAYS BANK PLC

Created 18/08/1999Registered 26/08/1999Satisfied 30/12/2004
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satisfied

BARCLAYS BANK PLC

Created 23/12/1993Registered 11/01/1994Satisfied 30/12/2004
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satisfied

BARCLAYS BANK PLC

Created 04/08/1993Registered 13/08/1993Satisfied 30/12/2004
charge
satisfied

BARCLAYS BANK PLC

Created 03/08/1993Registered 13/08/1993Satisfied 30/12/2004
charge
satisfied

BARCLAYS BANK PLC

Created 02/08/1993Registered 11/08/1993Satisfied 30/12/2004
charge
satisfied

BARCLAYS BANK PLC

Created 10/10/1989Registered 18/10/1989Satisfied 30/12/2004
charge
satisfied

BARCLAYS BANK PLC

Created 14/08/1989Registered 21/08/1989Satisfied 30/12/2004
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satisfied

BARCLAYS BANK PLC

Created 14/08/1989Registered 21/08/1989Satisfied 30/12/2004
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satisfied

MIDLAND BANK PLC

Created 27/04/1989Registered 29/04/1989
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satisfied

MIDLAND BANK PLC

Created 27/05/1988Registered 03/06/1988
charge
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MIDLAND BANK PLC

Created 01/02/1984Registered 02/02/1984Satisfied 20/01/1994
charge
satisfied

MIDLAND BANK PLC

Created 12/05/1981Registered 29/05/1981

CompanyRankvs 1522+ SIC 45320 peers
61

Financial strength96th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.47× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£1.3M

Balance sheet strength

Cash

£466k

Cash in the bank

Net Current Assets

-£1.4M

Working capital

Current Assets

£1.2M

Current Liabilities

£2.6M

Fixed Assets

£3.8M

Debtors

£344k

105avg. employees

Balance Sheet

Bank loans & overdrafts£811k
Assets less current liabilities£2.4M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.47+£4k
20240.49+£6k
20230.51+£5k
20220.43+£7k
20210.65+£31k
20200.60+£100k
20190.58

Derived from filed accounts. Not audited figures.