How much does The Tyre Store Limited make?

The Tyre Store Limited reported revenue of £19.6m and £2.2m profit in the year to 30 Nov 2024, according to its accounts filed at Companies House.

How many employees does The Tyre Store Limited have?

The Tyre Store Limited reported an average of 125 employees in the year to 30 Nov 2024.

Is The Tyre Store Limited profitable?

Yes — The Tyre Store Limited reported a profit of £2.2m in the year to 30 Nov 2024.

Company No. 03704400 · Incorporated 29 Jan 1999

The Tyre Store Limited

Registered name: THE TYRE STORE LIMITED

Part of Malvern Tyres Holdings Limited group

The Tyre Store Limited made £19.6m revenue and £2.2m profit in the year to 30 Nov 2024.

The Tyre Store Limited’s revenue grew 18% to £19.6m in the year to 30 Nov 2024, with £2.2m profit and 125 employees. The company is classified under “retail trade of motor vehicle parts and accessories” and is based in Gloucester; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45320Retail trade of motor vehicle parts and accessories

Status: Active
Location: Gloucester, South West
Age: 27 yrs · since 1999
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Nov 2024

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£19.6m

Growth ▲17.6%

Profit

£2.2m

Growth ▲184.8%

Profit margin

11.2%

Gross 48.1%

Employees

125

Change ▲4.2%

Profit / employee

£17.6k

Revenue/employee £157k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	30 Nov 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.9m	£16.7m	£19.6m
Cost of sales	£7.1m	£8.8m	£10.2m
Gross profit	£6.9m	£7.8m	£9.4m
Operating profit	£332k	£1m	£637k
Profit before tax	£317k	£1m	£2.5m
Profit after tax	£246k	£773k	£2.2m
Profit (best available)	£246k	£773k	£2.2m
Staff costs	£3.1m	£3.4m	£4.3m
Employees (average)	120	120	125
Ratios
Profit margin	1.8%	4.6%	11.2%
Gross margin	49.3%	46.9%	48.1%
Revenue per employee	£116k	£139k	£157k
Profit per employee	£2.1k	£6.4k	£17.6k
Cash conversion	−125.8%	−142.9%	−510.5%
Growth (year on year)
Revenue growth	—	▲19.6%	▲17.6%
Profit growth	—	▲213.7%	▲184.8%
Headcount growth	—	0%	▲4.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£1.8m	£0
Net assets	£3m	£3.7m	£5.9m
Fixed assets	£2.4m	£2.7m	£412k
Current assets	£3.4m	£4.4m	£9.6m
Debtors	£239k	£232k	£447k
Deferred income	£110k	£93.7k	£55.4k
Cash from operations	−£418k	−£1.4m	−£3.3m
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 11.2%; Profit ÷ revenue.
Gross margin: 48.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £157k; Revenue ÷ average employees.
Profit per employee: £17.6k; Profit ÷ average employees.
Cash conversion: −510.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.3%; 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: ▲57%; Now £5.9m
Cash at bank: ▼100%; Now £0
Headcount: ▲4%; Now 125
Deferred income: ▼41%; Now £55.4k
Fixed assets: ▼85%; Now £412k

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

Corporate ownership

Group structure

Ownership chain

Malvern Tyres Holdings Limitedultimate parent75–100%
The Tyre Group Holdings Limited75–100%
The Tyre Store Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Just Mobile Tyres LtdFigures not disclosed
Just Tyres LimitedFigures not disclosed

Sister companies (5)

County Tyre (Holdings) Limited(The)Rev. £41.2m · Profit −£1.1m
Malvern Tyres (Wholesale) LimitedRev. £27.6m · Profit £162k
King David Tyres LimitedRev. £17.6m · Profit £439k
HC 1113 LimitedFigures not disclosed
Value Tyres.co.uk LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2024 (profit £2.2m), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.

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