G B TYRES (UK) LTD

1. G B TYRES (UK) LTD 2012-07-13 → present
2. BLACK COUNTRY TYRES LIMITED 2011-08-22 → 2012-07-13

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

Consolidated group

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date the Group had a significant cash balance and a strong net asset position. The Group meets its day to day working capital requirements through its bank facilities. The Group's forecasts and projections, taking account of possible changes in trading performance, show that the Group can operate within the level of its current facilities. At the date of signing these accounts, after making enquiries, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing theses accounts. The Group therefore continues to adopt the going concern basis preparing its financial statements.”

Group structure

1. G B TYRES (UK) LTD · parent
   1. Nordic Tyres (UK) Limited 100% · UK

Significant events

• “During the year the Nordic Tyres business we purchased was restructured and re-organised, this has now moved into monthly profitability and we are encouraged that this trend will continue, with the enlarged Group cross selling products between the two businesses.”

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

Filings

6

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

  +14.5%

  £54,792,504 → £62,747,650

• Cash

  +477.6%

  £208,331 → £1,203,408

• Net assets

  +12%

  £7,911,258 → £8,859,140

• Employees

  +39.4%

  71 → 99

• Operating profit

  -3.6%

  £2,430,255 → £2,342,609

• Profit before tax

  -26%

  £1,733,967 → £1,283,670

• Wages

  +20%

  £2,323,278 → £2,788,674

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