GITI TIRE (UK) LIMITED

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

Mitchell Charlesworth (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a minimum of 12 months from the date of these Financial Statements. Accordingly, they continue to adopt the going concern basis in preparing the Annual Report and Financial Statements.”

Significant events

• “The outlook for the beginning of 2024 is mixed, UK inflation has fallen from 4% in January 2024 to 2.8% in February 2025. UK Inflation is forecasted to fall further in 2025 but remain above the 2% government target.”
• “Trade tariffs on the import of Chinese manufactured tires into UK are under review and a decision on this is expected in Qtr 2 2025.”
• “New EU regulation on the sourcing Natural Rubber from sustainable sources will come into effect from 1 January 2025. This will most likely result in the price of Natural Rubber increasing in 2024 as demand to buy from certified suppliers increases.”
• “Brent crude, the global benchmark for oil prices reduced during the second half of 2024 to $73.86 per barrel after reaching a peak of $89.90 in April, compared to $75 per barrel in 2023, which is positive for tyre manufacturers, although forecast for 2025 is that oil prices may increase back to $75 per barrel.”

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

Filings

2

last 12 months

Capital events

0

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

  +0.5%

  £13,294,930 → £13,367,158

• Cash

  +16%

  £1,447,215 → £1,679,038

• Net assets

  +19.2%

  £2,952,005 → £3,519,174

• Employees

  -8%

  25 → 23

• Operating profit

  +23.9%

  £619,543 → £767,894

• Profit before tax

  +24.1%

  £615,299 → £763,501

• Wages

  -4.9%

  £1,712,308 → £1,627,911

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