SOUTHERN TYRE CO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-27 (in 2mo)
Last made up 2025-07-13
Watchouts
None on the register
Cash
£1M
-33.6% vs 2024
Net assets
£15M
+5.7% vs 2024
Employees
352
+5.7% vs 2024
Profit before tax
£2M
-60.1% vs 2024
Name history
Renamed 1 time since incorporation
- SOUTHERN TYRE CO LIMITED 2003-04-02 → present
- COALBROOK INVESTMENTS (BRIGHTON) LIMITED 1958-11-21 → 2003-04-02
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £61,698,000 | £62,811,000 | |
| Operating profit | — | — | — | — | £3,718,000 | £2,263,000 | |
| Profit before tax | — | — | — | — | £5,913,000 | £2,360,000 | |
| Net profit | — | — | — | — | £5,409,000 | £1,794,000 | |
| Cash | — | — | — | — | £1,953,000 | £1,297,000 | |
| Total assets less current liabilities | — | — | — | — | £14,382,000 | £15,170,000 | |
| Net assets | — | — | — | — | £14,043,000 | £14,837,000 | |
| Equity | £18,885,000 | — | — | — | £14,043,000 | £14,837,000 | |
| Average employees | — | — | — | — | 333 | 352 | |
| Wages | — | — | — | — | £12,020,000 | £13,013,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 6.0% | 3.6% | |
| Net margin | — | — | — | — | 8.8% | 2.9% | |
| Return on capital employed | — | — | — | — | 25.9% | 14.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | 50.1% | 40.1% | |
| Current ratio | — | — | — | — | 1.43x | 1.68x | |
| Interest cover | — | — | — | — | 45.34x | 174.08x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- bk plus Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering the company's forecast for the next 12 months, the directors have a reasonable expectation that the company has adequate cash and resources to meet all requirements to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- SOUTHERN TYRE CO LIMITED · parent
- South England Tyre Service Ltd 100%
- Tyreco Trading Company Limited 100%
Significant events
- “JEDM Sattin (Deceased 13 July 2025)”
- “SAM Sattin (Deceased 8 January 2025)”
- “Ordinary dividends were paid during the year amounting to £1,000,000 (2024: £13,941,000).”
- “Termination payments were made in the year consisting of £8,538 payment in lieu of notice and £21,462 redundancy.”
- “During the year the loan liability due to directors was transferred and recognised by the ultimate controlling party.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORDER, Jacob Anthony John | Director | 2023-07-04 | Oct 1995 | British |
| FORDER, Katherine Alexandra Edwina | Director | — | Nov 1965 | British |
| POLACK, George | Director | 2023-07-04 | Jan 2000 | British |
| SATTIN, Adam Michael Arthur | Director | — | May 1962 | British |
| SATTIN, Frederick David Oswald | Director | 2023-07-04 | Dec 1995 | British |
| SATTIN, Jak Edwin Maxwell | Director | 2023-07-04 | Jan 1995 | British |
| SATTIN, Joseph Edward Lee | Director | 2019-02-06 | May 1994 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SATTIN, Joseph Edwin Derek Maxwell | Secretary | — | 2025-07-13 |
| CARTWRIGHT, Michael John | Director | — | 2001-03-31 |
| FOGARTY, Edmond Michael | Director | 2006-04-25 | 2007-09-20 |
| GIBSON, Brian | Director | 2003-03-31 | 2003-04-04 |
| POLACK, Zoe Victoria Louise | Director | — | 2012-05-20 |
| SATTIN, Joseph Edwin Derek Maxwell | Director | — | 2025-07-13 |
| SATTIN, Julian Edward Mark, Executors For | Director | — | 2022-03-05 |
| SATTIN, Simon Anthony Murray | Director | — | 2025-01-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Coalbrook Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-07-04 | Active |
| Mr Joseph Edwin Derek Maxwell Sattin | Individual | Shares 25–50% | 2016-04-06 | Ceased 2023-07-04 |
Filing timeline
Last 20 of 166 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-11-07 | CH01 | officers | Change person director company with change date | |
| 2025-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | CH01 | officers | Change person director company with change date | |
| 2025-07-24 | CH01 | officers | Change person director company with change date | |
| 2025-07-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-07 | CH01 | officers | Change person director company with change date | |
| 2024-11-27 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-07 | AA | accounts | Accounts with accounts type full | |
| 2023-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-01 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.8%
£61,698,000 £62,811,000
-
Cash
-33.6%
£1,953,000 £1,297,000
-
Net assets
+5.7%
£14,043,000 £14,837,000
-
Employees
+5.7%
333 352
-
Operating profit
-39.1%
£3,718,000 £2,263,000
-
Profit before tax
-60.1%
£5,913,000 £2,360,000
-
Wages
+8.3%
£12,020,000 £13,013,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers