tyre holdings limited
tyre holdings limited Company Information
Company Number
10551538
Next Accounts
Sep 2025
Shareholders
tyre group holdings l.p. (acting byt its general partner)
ian edmondson
View AllGroup Structure
View All
Industry
Activities of production holding companies
Registered Address
40 fort parkway, erdington, birmingham, B24 9HL
Website
www.county-tyres.co.uktyre holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TYRE HOLDINGS LIMITED at £169.8m based on a Turnover of £71.4m and 2.38x industry multiple (adjusted for size and gross margin).
tyre holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TYRE HOLDINGS LIMITED at £76.1m based on an EBITDA of £7.8m and a 9.75x industry multiple (adjusted for size and gross margin).
tyre holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TYRE HOLDINGS LIMITED at £0 based on Net Assets of £-24.1m and 1.55x industry multiple (adjusted for liquidity).
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Tyre Holdings Limited Overview
Tyre Holdings Limited is a live company located in birmingham, B24 9HL with a Companies House number of 10551538. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in January 2017, it's largest shareholder is tyre group holdings l.p. (acting byt its general partner) with a 98.1% stake. Tyre Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £71.4m with high growth in recent years.
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Tyre Holdings Limited Health Check
Pomanda's financial health check has awarded Tyre Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £71.4m, make it larger than the average company (£20m)
£71.4m - Tyre Holdings Limited
£20m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (9.7%)
20% - Tyre Holdings Limited
9.7% - Industry AVG
Production
with a gross margin of 35.7%, this company has a comparable cost of product (32.4%)
35.7% - Tyre Holdings Limited
32.4% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (6%)
-6.7% - Tyre Holdings Limited
6% - Industry AVG
Employees
with 480 employees, this is above the industry average (122)
480 - Tyre Holdings Limited
122 - Industry AVG
Pay Structure
on an average salary of £50.2k, the company has a higher pay structure (£41.4k)
£50.2k - Tyre Holdings Limited
£41.4k - Industry AVG
Efficiency
resulting in sales per employee of £148.7k, this is equally as efficient (£173.6k)
£148.7k - Tyre Holdings Limited
£173.6k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (52 days)
59 days - Tyre Holdings Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is close to average (49 days)
49 days - Tyre Holdings Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 103 days, this is more than average (68 days)
103 days - Tyre Holdings Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (13 weeks)
12 weeks - Tyre Holdings Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 127.1%, this is a higher level of debt than the average (55.8%)
127.1% - Tyre Holdings Limited
55.8% - Industry AVG
TYRE HOLDINGS LIMITED financials
Tyre Holdings Limited's latest turnover from December 2023 is £71.4 million and the company has net assets of -£24.1 million. According to their latest financial statements, Tyre Holdings Limited has 480 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 71,369,000 | 63,765,000 | 49,786,000 | 41,524,000 | 57,388,000 | 54,245,000 | 27,792,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 45,862,000 | 49,025,000 | 34,009,000 | 30,843,000 | 36,907,000 | 36,894,000 | 18,789,000 |
| Gross Profit | 25,507,000 | 14,740,000 | 15,777,000 | 10,681,000 | 20,481,000 | 17,351,000 | 9,003,000 |
| Admin Expenses | 30,268,000 | 36,851,000 | 24,396,000 | 24,239,000 | 12,255,000 | 23,532,000 | 10,429,000 |
| Operating Profit | -4,761,000 | -22,111,000 | -8,619,000 | -13,558,000 | 8,226,000 | -6,181,000 | -1,426,000 |
| Interest Payable | 13,774,000 | 8,241,000 | 7,524,000 | 5,426,000 | 4,897,000 | 4,951,000 | 3,945,000 |
| Interest Receivable | 24,000 | 800,000 | 4,650,000 | ||||
| Pre-Tax Profit | -18,535,000 | -30,352,000 | -16,143,000 | -18,960,000 | 3,329,000 | -10,332,000 | -721,000 |
| Tax | -755,000 | 122,000 | -650,000 | 590,000 | -1,679,000 | 335,000 | -1,060,000 |
| Profit After Tax | -19,290,000 | -30,230,000 | -16,793,000 | -18,370,000 | 1,650,000 | -9,997,000 | -1,781,000 |
| Dividends Paid | |||||||
| Retained Profit | -19,290,000 | -30,466,000 | -16,503,000 | -18,170,000 | 1,816,000 | -9,996,000 | -1,771,000 |
| Employee Costs | 24,089,000 | 22,575,000 | 17,221,000 | 20,146,000 | 22,741,000 | 21,711,000 | 11,444,000 |
| Number Of Employees | 480 | 441 | 430 | 538 | 553 | 550 | 539 |
| EBITDA* | 7,804,000 | -9,533,000 | 3,550,000 | -2,309,000 | 18,753,000 | 5,471,000 | 4,466,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,724,000 | 20,961,000 | 22,452,000 | 24,078,000 | 25,618,000 | 26,527,000 | 25,906,000 |
| Intangible Assets | 32,185,000 | 40,808,000 | 49,600,000 | 56,957,000 | 65,118,000 | 72,417,000 | 79,391,000 |
| Investments & Other | 168,000 | ||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 51,909,000 | 61,769,000 | 72,220,000 | 81,035,000 | 90,736,000 | 98,944,000 | 105,297,000 |
| Stock & work in progress | 13,014,000 | 14,354,000 | 19,630,000 | 18,425,000 | 14,061,000 | 12,397,000 | 13,506,000 |
| Trade Debtors | 11,544,000 | 12,020,000 | 6,097,000 | 4,750,000 | 14,039,000 | 12,096,000 | 11,591,000 |
| Group Debtors | |||||||
| Misc Debtors | 7,645,000 | 3,232,000 | 3,848,000 | 4,771,000 | 2,114,000 | 2,430,000 | 1,901,000 |
| Cash | 4,805,000 | 7,086,000 | 5,490,000 | 4,790,000 | 297,000 | 3,691,000 | 2,255,000 |
| misc current assets | |||||||
| total current assets | 37,008,000 | 36,692,000 | 35,065,000 | 32,736,000 | 30,511,000 | 30,614,000 | 29,253,000 |
| total assets | 88,917,000 | 98,461,000 | 107,285,000 | 113,771,000 | 121,247,000 | 129,558,000 | 134,550,000 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 6,166,000 | 9,213,000 | 4,216,000 | 11,317,000 | 14,947,000 | 7,127,000 | 6,242,000 |
| Group/Directors Accounts | |||||||
| other short term finances | 2,938,000 | 9,267,000 | 8,979,000 | 2,350,000 | 214,000 | ||
| hp & lease commitments | 153,000 | ||||||
| other current liabilities | 10,934,000 | 13,437,000 | 8,271,000 | 6,741,000 | 5,639,000 | ||
| total current liabilities | 20,191,000 | 31,917,000 | 21,466,000 | 11,317,000 | 14,947,000 | 16,218,000 | 12,095,000 |
| loans | 85,884,000 | 62,471,000 | 41,879,000 | 54,739,000 | 52,287,000 | ||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 16,406,000 | 58,671,000 | 43,996,000 | 56,000 | 59,000 | ||
| provisions | 6,968,000 | 8,335,000 | 2,867,000 | 2,159,000 | 1,774,000 | 807,000 | 893,000 |
| total long term liabilities | 92,852,000 | 70,806,000 | 61,152,000 | 60,830,000 | 45,770,000 | 55,602,000 | 53,239,000 |
| total liabilities | 113,043,000 | 102,723,000 | 82,618,000 | 72,147,000 | 60,717,000 | 71,820,000 | 65,334,000 |
| net assets | -24,126,000 | -4,330,000 | 24,667,000 | 41,502,000 | 60,208,000 | 57,250,000 | 68,729,000 |
| total shareholders funds | -24,126,000 | -4,330,000 | 24,667,000 | 41,502,000 | 60,208,000 | 57,250,000 | 68,729,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -4,761,000 | -22,111,000 | -8,619,000 | -13,558,000 | 8,226,000 | -6,181,000 | -1,426,000 |
| Depreciation | 3,011,000 | 2,895,000 | 3,695,000 | 3,078,000 | 2,356,000 | 3,004,000 | 1,677,000 |
| Amortisation | 9,554,000 | 9,683,000 | 8,474,000 | 8,171,000 | 8,171,000 | 8,648,000 | 4,215,000 |
| Tax | -755,000 | 122,000 | -650,000 | 590,000 | -1,679,000 | 335,000 | -1,060,000 |
| Stock | -1,340,000 | -5,276,000 | 1,205,000 | 4,364,000 | 1,664,000 | -1,109,000 | 13,506,000 |
| Debtors | 3,937,000 | 5,307,000 | 424,000 | -6,632,000 | 1,627,000 | 1,034,000 | 13,492,000 |
| Creditors | -3,047,000 | 4,997,000 | -7,101,000 | -3,630,000 | 7,820,000 | 885,000 | 6,242,000 |
| Accruals and Deferred Income | -2,503,000 | 5,166,000 | 8,271,000 | -6,741,000 | 1,102,000 | 5,639,000 | |
| Deferred Taxes & Provisions | -1,367,000 | 5,468,000 | 708,000 | 385,000 | 967,000 | -86,000 | 893,000 |
| Cash flow from operations | -2,465,000 | 6,189,000 | 3,149,000 | -2,696,000 | 15,829,000 | 7,782,000 | -10,818,000 |
| Investing Activities | |||||||
| capital expenditure | -6,033,000 | -108,343,000 | |||||
| Change in Investments | -168,000 | 168,000 | |||||
| cash flow from investments | 168,000 | -168,000 | -6,033,000 | -108,343,000 | |||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | -6,329,000 | 288,000 | 8,979,000 | -2,350,000 | 2,136,000 | 214,000 | |
| Long term loans | 23,413,000 | 20,592,000 | 41,879,000 | -54,739,000 | 2,452,000 | 52,287,000 | |
| Hire Purchase and Lease Commitments | 153,000 | ||||||
| other long term liabilities | -16,406,000 | -42,265,000 | 14,675,000 | 43,940,000 | -3,000 | 59,000 | |
| share issue | |||||||
| interest | -13,774,000 | -8,241,000 | -7,524,000 | -5,402,000 | -4,897,000 | -4,151,000 | 705,000 |
| cash flow from financing | 2,957,000 | -2,298,000 | 737,000 | 8,737,000 | -16,904,000 | -1,049,000 | 123,765,000 |
| cash and cash equivalents | |||||||
| cash | -2,281,000 | 1,596,000 | 700,000 | 4,493,000 | -3,394,000 | 1,436,000 | 2,255,000 |
| overdraft | |||||||
| change in cash | -2,281,000 | 1,596,000 | 700,000 | 4,493,000 | -3,394,000 | 1,436,000 | 2,255,000 |
tyre holdings limited Credit Report and Business Information
Tyre Holdings Limited Competitor Analysis
Perform a competitor analysis for tyre holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in B24 area or any other competitors across 12 key performance metrics.
tyre holdings limited Ownership
TYRE HOLDINGS LIMITED group structure
Tyre Holdings Limited has 1 subsidiary company.
tyre holdings limited directors
Tyre Holdings Limited currently has 10 directors. The longest serving directors include Mr Rowan Taylor (Jan 2017) and Mr Stuart Oran (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rowan Taylor | 57 years | Jan 2017 | - | Director | |
| Mr Stuart Oran | 74 years | Jan 2017 | - | Director | |
| Dr Ian Edmondson | United Kingdom | 76 years | Jun 2017 | - | Director |
| Mr Mayur Shah | England | 42 years | Mar 2020 | - | Director |
| Mr Kent Scott | England | 45 years | Sep 2020 | - | Director |
| Mr Caleb Pelger | 41 years | Jan 2023 | - | Director | |
| Mrs Susan McKenna | 60 years | Jan 2023 | - | Director | |
| Mr Shashank Dhawan | 54 years | Apr 2023 | - | Director | |
| Mr Michael Warren | England | 52 years | Feb 2024 | - | Director |
| Mr Kyle Wohler | England | 28 years | Mar 2025 | - | Director |
P&L
December 2023turnover
71.4m
+12%
operating profit
-4.8m
-78%
gross margin
35.8%
+54.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-24.1m
+4.57%
total assets
88.9m
-0.1%
cash
4.8m
-0.32%
net assets
Total assets minus all liabilities
Similar Companies
tyre holdings limited company details
company number
10551538
Type
Private limited with Share Capital
industry
64202 - Activities of production holding companies
incorporation date
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
40 fort parkway, erdington, birmingham, B24 9HL
Bank
ROYAL BANK OF SCOTLAND(IOM)LTD
Legal Advisor
-
tyre holdings limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to tyre holdings limited.
tyre holdings limited Capital Raised & Share Issues BETA
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tyre holdings limited Companies House Filings - See Documents
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