How much does North Devon Tyres Ltd. make?

North Devon Tyres Ltd. reported revenue of £12.7m and £467k profit in the year to 28 Feb 2025, according to its accounts filed at Companies House.

How many employees does North Devon Tyres Ltd. have?

North Devon Tyres Ltd. reported an average of 79 employees in the year to 28 Feb 2025.

Is North Devon Tyres Ltd. profitable?

Yes — North Devon Tyres Ltd. reported a profit of £467k in the year to 28 Feb 2025.

Company No. 04359879 · Incorporated 24 Jan 2002

North Devon Tyres Ltd.

Registered name: NORTH DEVON TYRES LTD.

North Devon Tyres Ltd. made £12.7m revenue and £467k profit in the year to 28 Feb 2025.

North Devon Tyres Ltd.’s revenue grew 3% to £12.7m in the year to 28 Feb 2025, with £467k profit and 79 employees. The company is classified under “maintenance and repair of motor vehicles” and is based in Tiverton; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45200Maintenance and repair of motor vehicles SIC 45310Wholesale trade of motor vehicle parts and accessories

Status: Active
Location: Tiverton, South West
Age: 24 yrs · since 2002
Type: Private Limited Company

Latest accounts · year to 28 Feb 2025

Key figures

IndependentCapital-lightBoring industryCash flow filed

Revenue

£12.7m

Growth ▲2.6%

Profit

£467k

Growth ▼6.3%

Profit margin

3.7%

Gross 13.2%

Employees

Change ▲5.3%

Profit / employee

£5.9k

Revenue/employee £161k

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	28 Feb 2022	28 Feb 2023	29 Feb 2024	28 Feb 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12.5m	£12.3m	£12.4m	£12.7m
Cost of sales	£10.9m	£10.6m	£10.7m	£11m
Gross profit	£1.6m	£1.7m	£1.7m	£1.7m
Operating profit	£732k	£823k	£669k	£599k
Profit before tax	£727k	£819k	£667k	£620k
Profit after tax	£595k	£651k	£498k	£467k
Profit (best available)	£595k	£651k	£498k	£467k
Staff costs	£2m	£1.9m	£2.2m	£2.5m
Employees (average)	75	69	75	79
Ratios
Profit margin	4.8%	5.3%	4%	3.7%
Gross margin	12.7%	13.6%	13.4%	13.2%
Revenue per employee	£166k	£178k	£165k	£161k
Profit per employee	£7.9k	£9.4k	£6.6k	£5.9k
Cash conversion	−33.5%	−109.9%	−43.4%	−131.8%
Growth (year on year)
Revenue growth	—	▼1.8%	▲1%	▲2.6%
Profit growth	—	▲9.3%	▼23.5%	▼6.3%
Headcount growth	—	▼8%	▲8.7%	▲5.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£822k	£978k	£960k	£1.3m
Net assets	£3.4m	£4m	£4.5m	£4.9m
Fixed assets	£321k	£267k	£357k	£510k
Current assets	£5.6m	£6.1m	£5.9m	£6.1m
Debtors	£1.5m	£1.6m	£1.5m	£1.4m
Cash from operations	−£245k	−£904k	−£290k	−£790k
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 3.7%; Profit ÷ revenue.
Gross margin: 13.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £161k; Revenue ÷ average employees.
Profit per employee: £5.9k; Profit ÷ average employees.
Cash conversion: −131.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.2%; 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: ▲10%; Now £4.9m
Cash at bank: ▲34%; Now £1.3m
Headcount: ▲5%; Now 79
Deferred income: —; Now —
Fixed assets: ▲43%; Now £510k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £467k), from the Companies House accounts bulk data published Nov 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.