Group Tyre Wholesale Limited
07399286
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 23/08/2025
Due 06/09/2026
Industry
Officers
director · Since 07/10/2010
DIRECTOR
BRITISH · ENGLAND · Age 69
Also on 7 other boards
director · Since 07/10/2010
DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 2 other boards
director · Since 01/01/2025
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 1 other board
Persons with Significant Control
S And M Tyres Limited
Elite Garages, Brighton Road, Horsham, RH13 6HY
Reg: 01207887 · England · Limited Company
Notified 06/04/2016
B A Bush & Sons Limited
Station Yard, Langton Hill, Horncastle, LN9 5AQ
Reg: 00976405 · England · Limited Company
Notified 06/04/2016
Former PSCs
Tanvic Group Limited
Ceased 02/02/2017
Mr Stephen David Mccracken
Ceased 03/05/2019
Charges4 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
RBS INVOICE FINANCE LIMITED
CompanyRankvs 376+ SIC 45310 peers62
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£37.0M
Annual revenue
Net Worth
£6.4M
Balance sheet strength
Cash
£106k
Cash in the bank
Profit Before Tax
£1.1M
Bottom line earnings
Net Current Assets
£895k
Working capital
Current Assets
£10.5M
Current Liabilities
£9.6M
Fixed Assets
£5.9M
Debtors
£5.5M
Cost of Sales
£29.2M
Gross Profit
£7.9M
Admin Expenses
£6.6M
Operating Profit
£1.3M
Profit After Tax
£855k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.09 | +£355k |
| 2023 | 1.08 | +£410k |
| 2022 | 1.09 | +£2.6M |
| 2021 | 1.09 | +£419k |
| 2020 | 1.10 | +£405k |
| 2019 | 0.98 | -£1.3M |
| 2018 | 1.14 | — |
Derived from filed accounts. Not audited figures.