GITI TIRE HOLDINGS (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-22 (in 1y)
Last made up 2026-05-08
Watchouts
None on the register
Cash
£3M
-19.6% vs 2023
Net assets
£283M
+16.3% vs 2023
Employees
874
+32.6% vs 2023
Profit before tax
-£31M
+3.1% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £89,620,460 | £101,186,064 | |
| Operating profit | -£18,805,782 | -£21,296,516 | |
| Profit before tax | -£32,067,457 | -£31,071,905 | |
| Net profit | -£25,059,303 | -£24,544,107 | |
| Cash | £3,713,121 | £2,985,174 | |
| Total assets less current liabilities | £369,553,744 | £362,253,521 | |
| Net assets | £243,521,127 | £283,103,781 | |
| Equity | £243,521,127 | £283,103,781 | |
| Average employees | 659 | 874 | |
| Wages | £34,421,794 | £43,139,362 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -21.0% | -21.0% | |
| Net margin | -28.0% | -24.3% | |
| Return on capital employed | -5.1% | -5.9% | |
| Current ratio | 0.57x | 0.62x | |
| Interest cover | -1.42x | -2.18x |
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
- Consolidated group
- Auditor
- Mitchell Charlesworth (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“A letter of support has been received from the directors of Giti Tire Global Enterprise Pte Ltd indicating that Giti Tire Global Enterprise Pte Ltd will provide any support necessary to enable the Group to meet its liabilities as they fall due for a period of at least 12 months from the date of signing of the financial statements.”
Group structure
- GITI TIRE HOLDINGS (UK) LIMITED · parent
- Giti Tire Holdings (USA) Limited 100%
- Giti Tire Manufacturing (USA) Limited 100%
Significant events
- “The contributing factor [to loss after tax] is due to labour shortage leading to production capacity not operating at its optimal level.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAN, Chia Hoong | Secretary | 2014-05-08 | — | — |
| LEI, Huai Chin | Director | 2014-05-08 | Aug 1964 | Chinese |
| TAN, Chia Hoong | Director | 2014-05-08 | Feb 1972 | Malaysian |
| TAN, Enk Ee | Director | 2014-05-08 | Mar 1968 | Malaysian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LYONS, Richard Andrew | Director | 2014-05-08 | 2015-09-15 |
| WU, Zhimin | Director | 2014-05-08 | 2018-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Giti Tire Global Enterprise Pte. Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
| Ms Mei Fung Michelle Liem | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-14 | SH01 | capital | Capital allotment shares | |
| 2026-02-11 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | SH01 | capital | Capital allotment shares | |
| 2025-10-10 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | AA | accounts | Accounts with accounts type group | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-07 | SH01 | capital | Capital allotment shares | |
| 2024-12-30 | SH01 | capital | Capital allotment shares | |
| 2024-12-11 | SH01 | capital | Capital allotment shares | |
| 2024-10-14 | AA | accounts | Accounts with accounts type group | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-21 | SH01 | capital | Capital allotment shares | |
| 2023-12-28 | SH01 | capital | Capital allotment shares | |
| 2023-12-28 | SH01 | capital | Capital allotment shares | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2023-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-30 | SH01 | capital | Capital allotment shares | |
| 2022-12-30 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 9
- 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
+12.9%
£89,620,460 £101,186,064
-
Cash
-19.6%
£3,713,121 £2,985,174
-
Net assets
+16.3%
£243,521,127 £283,103,781
-
Employees
+32.6%
659 874
-
Operating profit
-13.2%
-£18,805,782 -£21,296,516
-
Profit before tax
+3.1%
-£32,067,457 -£31,071,905
-
Wages
+25.3%
£34,421,794 £43,139,362
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