TANVIC GROUP LIMITED

1. TANVIC GROUP LIMITED 2005-12-21 → present
2. TANVIC TYRE DISTRIBUTORS LIMITED 1970-07-28 → 2005-12-21

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 102

Reporting scope

Standalone (parent only)

Auditor

Duncan & Toplis Audit Limited, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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.”

Group structure

1. TANVIC GROUP LIMITED · parent
   1. Steer Tyres Limited 100% · England and Wales · Dormant company
   2. Link Tyre Sales Limited 100% · England and Wales · Dormant company

Significant events

• “Following an unacceptable increase in tyre fitter injury claims in recent years, significant investment in training was carried out in the year and will be maintained.”
• “In recent years we have added solar panels to the roof of all appropriate buildings (6 buildings), all lighting has been replaced with the most energy efficient LED, heating systems have been improved to reduce fuel consumption, all vehicles operate with telematics software to allow us to improve driving and fuel efficiency and we have experimented with electric vehicles. We aim to replace vehicles on an average 4 year cycle thus engines are cleaner and more fuel efficient.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +1.1%

  £69,265,178 → £70,022,887

• Cash

  -47.6%

  £2,252,141 → £1,180,437

• Net assets

  +15.9%

  £13,693,347 → £15,875,813

• Employees

  +0.8%

  262 → 264

• Operating profit

  +11.7%

  £5,653,337 → £6,312,598

• Profit before tax

  +11.2%

  £5,729,244 → £6,372,871

• Wages

  +4.6%

  £7,518,682 → £7,864,327

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