MICHELDEVER TYRE SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-05 (in 11mo)
Last made up 2026-03-22
Watchouts
None on the register
Cash
£10M
-16.4% vs 2023
Net assets
£71M
-3.2% vs 2023
Employees
—
Average over period
Profit before tax
-£3M
-124.8% vs 2023
Name history
Renamed 2 times since incorporation
- MICHELDEVER TYRE SERVICES LIMITED 2006-01-26 → present
- MICHELDEVER TYRE SERVICES PLC 1984-08-06 → 2006-01-26
- SURFCANE LIMITED 1984-05-18 → 1984-08-06
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £574,637,000 | £578,684,000 | |
| Operating profit | — | £16,849,000 | £7,814,000 | |
| Profit before tax | — | £12,095,000 | -£2,997,000 | |
| Net profit | — | £9,991,000 | -£2,379,000 | |
| Cash | — | £12,522,000 | £10,473,000 | |
| Total assets less current liabilities | — | £126,015,000 | £137,694,000 | |
| Net assets | — | £73,646,000 | £71,267,000 | |
| Equity | £63,655,000 | £73,646,000 | £71,267,000 | |
| Average employees | — | — | — | |
| Wages | — | £84,737,000 | £89,401,000 |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 2.9% | 1.4% | |
| Net margin | — | 1.7% | -0.4% | |
| Return on capital employed | — | 13.4% | 5.7% | |
| Current ratio | — | 0.93x | 0.88x | |
| Interest cover | — | 3.54x | 0.72x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management have prepared cash flow forecasts up to the end of June 2026, which demonstrates that, taking account of a severe but plausible downside scenario the Company will have sufficient funds through a combination of trading, local overdraft facility and funding from its ultimate parent company, Sumitomo Rubber Industries Ltd through Micheldever Group Limited (immediate parent company "MGL"), to meet its liabilities as they fall due throughout that period, the going concern assessment period. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements, and for the foreseeable future, and therefore have prepared the financial statements on a going concern basis.”
Group structure
- MICHELDEVER TYRE SERVICES LIMITED · parent
- 4x4 Tyres Limited 100%
- Fleet Tyre Network Limited 100%
- Southam Tyres Limited 100%
- Walker's Tyre Service Limited 100%
- Tires 4 Less Limited 100%
- Alba Tyres Limited 100%
- Harolds Tyres Limited 100%
- Welwyn Tyre & MOT Centre Limited 100%
- TW Tyres Autocentre Limited 100%
- Hawleys (Tyre Services) Limited 100%
- Bell Silencer Services Limited 100%
- P & R Autocentres Limited 100%
- Denton Tyre Centre Limited 100%
- Treadmark Tyres Limited 100%
- Coombe Garage Tyres Limited 100%
- Elmbridge Tyre Services Limited 100%
- Bathwick Tyres Limited 100%
- Celtic Tyre Services (Bridgend) Limited 100%
- Celtic Tyre Services (Cardiff) Limited 100%
- Celtic Tyre Services (Holdings) Limited 100%
- Celtic Tyre Services (Maesteg) Limited 100%
- Bridgwater Tyre & Exhaust Limited 100%
- Wheels & Tyres Direct Limited 100%
- New Milton Tyre Company Limited 100%
- Christchurch Tyres Limited 100%
- Prestige Tyres Limited 100%
- Tyremark Limited 100%
- Bury Tyre Centre Limited 100%
- Bridgnorth Tyre Centre Ltd 100%
- A44 Tyre Shop Limited 100%
- Abbotsinch Tyres & Exhausts Ltd 100%
- Buckley Two Wheel Centre Limited 100%
- Budget Motorist Centres Limited 100%
- Corby Tyres and Exhausts Limited 100%
- RTB Tyres Ltd 100%
- Teiars Huw Lewis Cyf 100%
- Wellingborough Tyres Limited 100%
- Mid Devon Tyres Limited 100%
- Darcys Garage Limited 100%
- Selecta Tyre Limited 100%
- Cribb Tyre & Battery Ltd 100%
Significant events
- “In 2025 the Company will continue its multi-million pound investment in its digital transformation ("DX") programme.”
- “After a hiatus in 2024 the Company is actively pursuing a number of retail and other acquisition opportunities with a view to continuing the growth of the business.”
- “Following an extended period of strong growth the Company has seen challenging trading conditions persist since the second half of 2024.”
- “The UK Government has announced its commitment to ending the sale of new petrol and diesel vehicles by 2035 under its "zero emission vehicle" (ZEV) mandate.”
- “In 2025 this group will be replaced with a dedicated Environment & Quality Manager role within our new SHEQ (Safety, Health, Environment, and Quality) department.”
- “During the period, the company acquired 100% of the issued share capital of 4x4 Tyres Limited (acquired on 1 December 2023).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GORING, Will | Secretary | 2020-05-01 | — | — |
| ADACHI, Takeshi | Director | 2025-09-01 | Oct 1969 | Japanese |
| AWAZU, Kei | Director | 2022-06-01 | Sep 1975 | Japanese |
| GORING, Will James Frederick | Director | 2020-05-01 | May 1983 | British |
| HAMADA, Hiroshi | Director | 2025-03-27 | May 1968 | Japanese |
| MITCHELL, Graham | Director | 2024-05-01 | Sep 1977 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWLES, Jonathan | Secretary | 2012-07-05 | 2020-05-01 |
| NOBLE, Eric John | Secretary | 1996-02-19 | 2006-12-27 |
| SAWNEY, Richard Murray | Secretary | 2006-12-27 | 2012-07-05 |
| TODD, Anna | Secretary | — | 1996-02-15 |
| ADACHI, Takeshi | Director | 2024-01-01 | 2025-03-27 |
| AOKI, Takafumi | Director | 2020-03-29 | 2024-06-30 |
| ARAI, Masashi | Director | 2019-12-17 | 2022-06-01 |
| BALDWIN, Alan George | Director | 2002-04-22 | 2017-03-16 |
| BOXFORD, Michael John | Director | 2006-02-03 | 2017-02-03 |
| BROOKES, Philip Paul | Director | 2002-04-22 | 2008-05-31 |
| COWLES, Jonathan Robert | Director | 2007-05-24 | 2024-10-01 |
| CROFT, Ashley Paul | Director | 2004-01-21 | 2007-01-31 |
| FLOOD, Michael John | Director | 1993-10-12 | 2012-12-31 |
| FOX, Paul | Director | 2006-02-03 | 2015-07-17 |
| HADDOCK, David Alexander | Director | 2008-09-30 | 2017-03-16 |
| HIORNS, Simon | Director | 2007-11-27 | 2017-03-16 |
| HOHANA, Akio | Director | 2017-03-16 | 2019-12-17 |
| ISHIDA, Isamu | Director | 2017-03-16 | 2020-03-29 |
| KERSWELL, Brian Roy | Director | 1996-04-01 | 2007-03-05 |
| KURODA, Yutaka | Director | 2017-03-16 | 2021-03-26 |
| MASUTA, Tomohiko | Director | 2021-03-26 | 2023-12-31 |
| MITCHELL, James John | Director | 1996-04-01 | 2000-02-28 |
| NOBLE, Eric John | Director | 2006-02-03 | 2006-12-27 |
| SAITO, Toru | Director | 2024-06-30 | 2025-01-01 |
| SAWNEY, Richard Murray | Director | 2006-02-03 | 2012-09-28 |
| SMITH, Angus | Director | 2012-06-19 | 2017-03-16 |
| STILES, Martin John | Director | 1996-04-01 | 1997-01-06 |
| TODD, Anna | Director | — | 1996-02-15 |
| TODD, Antony James | Director | — | 2006-02-03 |
| WADA, Kentaro | Director | 2024-05-01 | 2025-09-01 |
| WILKES, Duncan Stewart | Director | 2013-12-02 | 2020-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Micheldever Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2017-02-10 | Active |
| Graphite Capital Gp Llp | Corporate entity | Significant influence, significant-influence-or-control-as-trust, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2017-02-10 |
| Graphite Capital Management Llp | Corporate entity | Voting 50–75%, Appoints directors, right-to-appoint-and-remove-directors-as-trust, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-trust, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2017-02-10 |
Filing timeline
Last 20 of 223 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | CH01 | officers | Change person director company with change date | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
+0.7%
£574,637,000 £578,684,000
-
Cash
-16.4%
£12,522,000 £10,473,000
-
Net assets
-3.2%
£73,646,000 £71,267,000
-
Employees
—
Not reported
-
Operating profit
-53.6%
£16,849,000 £7,814,000
-
Profit before tax
-124.8%
£12,095,000 -£2,997,000
-
Wages
+5.5%
£84,737,000 £89,401,000
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