How much does TRS Tyres Ltd make?

TRS Tyres Ltd reported revenue of £19.5m and £383k profit in the year to 30 Dec 2025, according to its accounts filed at Companies House.

How many employees does TRS Tyres Ltd have?

TRS Tyres Ltd reported an average of 67 employees in the year to 30 Dec 2025.

Is TRS Tyres Ltd profitable?

Yes — TRS Tyres Ltd reported a profit of £383k in the year to 30 Dec 2025.

Company No. 02428299 · Incorporated 2 Oct 1989

TRS Tyres Ltd

Registered name: TRS TYRES LTD

TRS Tyres Ltd made £19.5m revenue and £383k profit in the year to 30 Dec 2025. read from filing text

TRS Tyres Ltd’s revenue was £19.5m in the year to 30 Dec 2025, with £383k profit and 67 employees. The company is classified under “manufacture of motor vehicles” and is based in Morecambe; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 29100Manufacture of motor vehicles

Status: Active
Location: Morecambe, North West
Age: 37 yrs · since 1989
Type: Private Limited Company

Latest accounts · year to 30 Dec 2025

Key figures

IndependentDoing more with lessCash flow filed

Revenue

£19.5m

Growth ▲0.1%

Profit

£383k

Growth ▼35.8%

Profit margin

Gross 11.6%

Employees

Change ▼2.9%

Profit / employee

£5.7k

Revenue/employee £291k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	30 Dec 2023	30 Dec 2024	30 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£16.2m	£19.7m	£19.4m	£19.5m
Cost of sales	£13.3m	£16.9m	£16.8m	£17.2m
Gross profit	£2.9m	£2.7m	£2.7m	£2.3m
Operating profit	£1.4m	£1.2m	£736k	£520k
Profit before tax	£1.4m	£1.2m	£798k	£551k
Profit after tax	£1.1m	£881k	£597k	£383k
Profit (best available)	£1.1m	£881k	£597k	£383k
Staff costs	£2.3m	£2.5m	£2.9m	£3.2m
Employees (average)	61	57	69	67
Ratios
Profit margin	7.1%	4.5%	3.1%	2%
Gross margin	17.9%	13.8%	13.7%	11.6%
Revenue per employee	£265k	£345k	£282k	£291k
Profit per employee	£18.7k	£15.5k	£8.6k	£5.7k
Cash conversion	12.6%	−152.4%	−72.1%	−322.2%
Growth (year on year)
Revenue growth	—	▲21.5%	▼1.1%	▲0.1%
Profit growth	—	▼22.9%	▼32.3%	▼35.8%
Headcount growth	—	▼6.6%	▲21.1%	▼2.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.2m	£4.5m	£4.4m	£4.3m
Net assets	£6.9m	£7.7m	£8m	£8.1m
Fixed assets	£996k	£1.1m	£1m	£2m
Current assets	£7.6m	£9.3m	£9.1m	£8.8m
Debtors	£3.3m	£3.6m	£3.1m	£2.6m
Deferred income	£164k	£27.1k	£35.3k	£139k
Cash from operations	£176k	−£1.8m	−£531k	−£1.7m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 2%; Profit ÷ revenue.
Gross margin: 11.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £291k; Revenue ÷ average employees.
Profit per employee: £5.7k; Profit ÷ average employees.
Cash conversion: −322.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲2%; Now £8.1m
Cash at bank: ▼4%; Now £4.3m
Headcount: ▼3%; Now 67
Deferred income: ▲294%; Now £139k
Fixed assets: ▲99%; Now £2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Dec 2025 (profit £383k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 12 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.