COOPER TIRE & RUBBER COMPANY EUROPE LIMITED

1. COOPER TIRE & RUBBER COMPANY EUROPE LIMITED 2006-01-11 → present
2. COOPER-AVON TYRES LIMITED 1997-08-01 → 2006-01-11
3. AVON TYRES LIMITED 1918-07-04 → 1997-08-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have obtained a letter of support from the ultimate parent company, Goodyear Tire & Rubber Company of Akron, Ohio, guaranteeing funding for the foreseeable future, being at least twelve months from the date of the financial statement be being signed. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”

Group structure

1. COOPER TIRE & RUBBER COMPANY EUROPE LIMITED · parent
   1. Cooper-Avon Tyres Pension Trust Ltd 100% · UK · Non-trading

Significant events

• “Following the closure of the Melksham site in December 2023, the remaining employees were retained to assist with the final closure of the manufacturing facility. These employees subsequently left the company in March and April 2024.”
• “On 8 February 2024, the company sold several racing assets for £1 million.”
• “Under a compensation agreement with the parent company to reflect the costs associated with the restructuring activity, an additional amount of £31.5m was received in 2024 to mitigate the costs to be incurred (note 3).”
• “The land, classified as an asset held for sale in 2024, was sold in June 2025 for £3.5 million plus VAT.”
• “Under the terms of Cash Pooling Agreement, the intercompany interest rate increased from 0.75% to 1.8% as of April 1st, 2025.”
• “Additionally, the License agreement with Goodyear Operations SA, incorporated in Luxembourg, was extended to September 2031.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -90.8%

  £37,380,000 → £3,448,000

• Cash

  -100%

  £259,000 → £0

• Net assets

  +186.2%

  £15,122,000 → £43,279,000

• Employees

  -97.1%

  349 → 10

• Operating profit

  +1,388%

  -£2,005,000 → £25,824,000

• Profit before tax

  +3,257.8%

  -£879,000 → £27,757,000

• Wages

  -93.6%

  £10,146,000 → £650,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers