Magowan Tyres (N.i.) Limited
Registered name: MAGOWAN TYRES (N.I.) LIMITED
Magowan Tyres (N.i.) Limited made £37.5m revenue and £2.1m profit in the year to 31 Dec 2025.
Magowan Tyres (N.i.) Limited’s revenue grew 3% to £37.5m in the year to 31 Dec 2025, with £2.1m profit and 97 employees. The company is classified under “wholesale trade of motor vehicle parts and accessories” and is based in Newtownabbey; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Newtownabbey, Northern Ireland
- Age
- 40 yrs · since 1986
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £30.6m | £34.6m | £36.4m | £37.5m |
| Cost of sales | £23.8m | £26m | £26.7m | £27.1m |
| Gross profit | £6.8m | £8.6m | £9.8m | £10.3m |
| Operating profit | £1.6m | £2.5m | £3.1m | £3m |
| Profit before tax | £1.5m | £2.1m | £2.8m | £2.7m |
| Profit after tax | £1m | £1.7m | £2.3m | £2.1m |
| Profit (best available) | £1m | £1.7m | £2.3m | £2.1m |
| Staff costs | £3.3m | £4.1m | £4.7m | £5.1m |
| Employees (average) | 81 | 87 | 92 | 97 |
| Ratios | ||||
| Profit margin | 3.4% | 5% | 6.2% | 5.6% |
| Gross margin | 22.1% | 25% | 26.8% | 27.5% |
| Revenue per employee | £378k | £398k | £396k | £386k |
| Profit per employee | £12.7k | £20k | £24.7k | £21.8k |
| Cash conversion | 15.7% | 147.8% | 72.1% | 119.9% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲13.1% | ▲5.3% | ▲2.8% |
| Profit growth | — | ▲69.3% | ▲31% | ▼7.2% |
| Headcount growth | — | ▲7.4% | ▲5.8% | ▲5.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £340k | £1.5m | £1.5m | £2.4m |
| Net assets | £15.6m | £16.9m | £18.7m | £20.3m |
| Fixed assets | £12.9m | £12.6m | £12.9m | £12.7m |
| Current assets | £11.4m | £12.8m | £13.5m | £14.4m |
| Debtors | £4m | £4.1m | £4m | £4.4m |
| Cash from operations | £250k | £3.7m | £2.3m | £3.6m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 5.6%
- Profit ÷ revenue.
- Gross margin
- 27.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £386k
- Revenue ÷ average employees.
- Profit per employee
- £21.8k
- Profit ÷ average employees.
- Cash conversion
- 119.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 33.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.6%
- Money owed by customers. Low = customers pay quickly.
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
- ▲8%
- Now £20.3m
- Cash at bank
- ▲63%
- Now £2.4m
- Headcount
- ▲5%
- Now 97
- Deferred income
- —
- Now —
- Fixed assets
- ▼1%
- Now £12.7m
Similar profitable businesses
- Group Tyre Wholesale LimitedAylesbury · Wholesale trade of motor vehicle parts and accessories
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- Profit
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- Staff
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- Tia Tyres LimitedTelford · Wholesale trade of motor vehicle parts and accessories
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- £40.8m
- Profit
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- The Tibbetts Group LimitedBanbury · Wholesale trade of motor vehicle parts and accessories
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- £34.3m
- Profit
- £1.9m
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- Freeman Automotive (UK) LtdNorthampton · Wholesale trade of motor vehicle parts and accessories
- Revenue
- £34m
- Profit
- £4.2m
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- Picksons PLCChipping Sodbury · Wholesale trade of motor vehicle parts and accessories
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- £33.8m
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- Aquila Truck Centres LimitedSandbach · Wholesale trade of motor vehicle parts and accessories
- Revenue
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £2.1m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 24 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.