INTERNATIONAL TYRES & TRADING LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. INTERNATIONAL TYRES & TRADING LIMITED 1991-03-11 → present
2. BUSYSPEED LIMITED 1990-12-10 → 1991-03-11

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

Thomas & Young Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The UK truck tyre market faced significant pressures during the year due to a combination of economic uncertainties and pricing shifts.”
• “Turnover decreased due to a continued market shift toward lower-cost tyres, with pricing pressures affecting all price tiers. However, overall unit volumes increased, and improvements in margin control helped grow gross profit year-on-year.”
• “Operating profit declined mainly due to increased storage and handling costs, driven by higher stock holdings as we adapted to extended supplier lead times. Financing costs also rose significantly due to higher working capital requirements and Bank of England base rate increases, contributing to the fall in net pre-tax profit.”
• “With freight and shipping costs beginning to ease post year-end, we expect a positive impact on gross margins, particularly as exclusive brand volumes continue to increase.”

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

Filings

4

last 12 months

Capital events

2

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

  -4.1%

  £47,456,204 → £45,512,146

• Cash

  -99.6%

  £193,829 → £853

• Net assets

  -3.2%

  £6,791,825 → £6,571,974

• Employees

  +19.6%

  46 → 55

• Operating profit

  -42.1%

  £1,838,728 → £1,064,111

• Profit before tax

  -94.1%

  £1,028,775 → £60,907

• Wages

  +22.8%

  £1,657,380 → £2,035,629

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