UNITED TYRE COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-27 (in 6mo)
Last made up 2025-11-13
Watchouts
None on the register
Cash
£376K
+26.2% highest in 4 filed years
Net assets
£6M
+9.8% highest in 4 filed years
Employees
25
+13.6% vs 2023
Profit before tax
£375K
+482.4% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £19,305,601 | £23,860,226 | £22,168,374 | £29,544,150 | |
| Operating profit | — | — | £1,606,364 | £1,325,100 | £422,446 | £893,085 | |
| Profit before tax | — | — | £1,513,008 | £1,173,624 | £64,413 | £375,154 | |
| Net profit | — | — | £1,218,271 | £943,232 | £25,670 | £287,903 | |
| Cash | — | — | £249,236 | £314,208 | £297,523 | £375,573 | |
| Total assets less current liabilities | — | — | £6,279,141 | £6,244,150 | £5,348,036 | £5,967,062 | |
| Net assets | — | — | £4,516,446 | £4,850,779 | £5,275,105 | £5,792,072 | |
| Equity | £4,321,929 | £4,277,166 | £4,516,446 | £4,850,779 | £5,275,105 | £5,792,072 | |
| Average employees | — | — | 27 | 27 | 22 | 25 | |
| Wages | — | — | £851,183 | £998,062 | £815,017 | £968,093 |
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 8.3% | 5.6% | 1.9% | 3.0% | |
| Net margin | — | — | 6.3% | 4.0% | 0.1% | 1.0% | |
| Return on capital employed | — | — | 25.6% | 21.2% | 7.9% | 15.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 50.8% | 66.6% | |
| Current ratio | — | — | — | — | 1.93x | 1.49x | |
| Interest cover | — | — | 16.94x | 8.65x | 1.18x | 1.72x |
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
- Crowe U.K. LLP
- 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.”
Significant events
- “This decrease in net cashflows from operating activities primarily reflects higher working capital requirements associated with a 33% year-on-year growth in revenue.”
- “Other sundry income includes £246,089 relating to Covid-19 interruptions claims from insurance company (2023: £Nil).”
- “TFL was dissolved on 13 August 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BHOLA, Rashmi | Director | 2024-02-21 | Jun 1979 | Indian |
| ZAFAR, Danial, Mr. | Director | 2022-04-11 | Oct 1992 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Glenys Marion | Secretary | 1994-12-23 | 2004-01-12 |
| BENNETT, Lynne Charlotte | Secretary | 2004-01-12 | 2017-09-29 |
| BENNETT, Peter James | Secretary | — | 1994-12-23 |
| BENNETT, Glenys Marion | Director | — | 1991-11-15 |
| BENNETT, James Simon | Director | — | 1991-11-15 |
| BENNETT, Kenneth James | Director | — | 1991-12-12 |
| BENNETT, Lynne Charlotte | Director | 1995-09-25 | 2017-09-29 |
| BENNETT, Lynne Charlotte | Director | — | 1991-11-15 |
| BENNETT, Peter James | Director | — | 1994-12-23 |
| BENNETT, Richard Alan | Director | — | 2017-09-29 |
| BHOLA, Rashmi | Director | 2017-09-29 | 2022-04-11 |
| BUX, Hassan | Director | 2007-12-28 | 2017-09-29 |
| HUSSAIN, Zafar | Director | 2017-09-29 | 2024-02-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zafco Uk Holding Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-29 | Active |
| Mr Richard Alan Bennett | Individual | Shares 25–50%, Voting 25–50%, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2017-09-29 |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-21 | CH01 | officers | Change person director company with change date | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-17 | AA | accounts | Accounts with accounts type full | |
| 2022-12-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | AA | accounts | Accounts with accounts type full | |
| 2022-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-22 | AA | accounts | Accounts with accounts type full | |
| 2020-11-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+33.3%
£22,168,374 £29,544,150
highest in 4 filed years
-
Cash
+26.2%
£297,523 £375,573
highest in 4 filed years
-
Net assets
+9.8%
£5,275,105 £5,792,072
highest in 4 filed years
-
Employees
+13.6%
22 25
-
Operating profit
+111.4%
£422,446 £893,085
-
Profit before tax
+482.4%
£64,413 £375,154
-
Wages
+18.8%
£815,017 £968,093
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