MICHELIN TYRE PUBLIC LIMITED COMPANY
Operating as the UK subsidiary of the French multinational Michelin Group, the company manufactures and distributes rubber tyres under brands including Michelin, BFGoodrich, and Kleber.
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Cash
£241K
+1.3% vs 2024
Net assets
£154M
+10.4% vs 2024
Employees
679
-6% lowest in 3 filed years
Profit before tax
£17M
+5.1% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £530,013,000 | £497,649,000 | £489,588,000 | -1.6% | |
| Operating profit | £10,422,000 | £6,057,000 | £12,851,000 | +112.2% | |
| Profit before tax | £15,847,000 | £16,455,000 | £17,302,000 | +5.1% | |
| Net profit | £12,252,000 | £9,247,000 | £15,153,000 | +63.9% | |
| Cash | £1,732,000 | £238,000 | £241,000 | +1.3% | |
| Total assets less current liabilities | £290,769,000 | £173,807,000 | £179,830,000 | +3.5% | |
| Net assets | £243,352,000 | £139,107,000 | £153,577,000 | +10.4% | |
| Equity | £243,352,000 | £139,107,000 | £153,577,000 | +10.4% | |
| Average employees | 743 | 722 | 679 | -6% | |
| Wages | £37,506,000 | £35,832,000 | £34,626,000 | -3.4% | |
| Directors' remuneration | £207,000 | £741,622 | £834,952 | +12.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.0% | 1.2% | 2.6% | |
| Net margin | 2.3% | 1.9% | 3.1% | |
| Return on capital employed | 3.6% | 3.5% | 7.1% | |
| Gearing (liabilities / total assets) | 59.9% | 58.1% | — | |
| Current ratio | 1.22x | 1.50x | 1.49x | |
| Interest cover | 1.01x | 1.23x | 5.42x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Constantin
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In compiling the Annual Report and Financial Statements the directors have used the going concern basis of preparation. The company has positive net assets at 31 December 2025 and the company made a profit before tax in 2025 and forecasts show that it will continue to be profitable. Cash flow forecasts have been prepared and the company expects to be able to meet its liabilities as they fall due.”
Group structure
- MICHELIN TYRE PUBLIC LIMITED COMPANY · parent
- Michelin Development Limited 100%
- Michelin Pensions Trust Limited 100%
- Michelin Tyre Services Co Limited 5.6%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OCKLETON, Nicola | Secretary | 2019-11-01 | — | — |
| PELOQUIN, Christina Marie | Director | 2024-08-20 | Apr 1983 | American |
| RÖTTGER, Maria Gabriela | Director | 2021-01-19 | May 1977 | German |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOOTH, Jane Lesley | Secretary | 2005-12-01 | 2011-06-01 |
| CHEVALLIER, Eric | Secretary | — | 1996-05-15 |
| DE VAUGUERIN, Bernard | Secretary | 2004-02-02 | 2005-12-01 |
| DUDDY, Gillian Lesley | Secretary | 2011-06-01 | 2019-11-01 |
| FAIDY, Eric | Secretary | 2001-04-04 | 2004-02-02 |
| GRIFFITHS, John Wyndham | Secretary | 1996-05-15 | 2001-04-04 |
| ALDERMAN, Geoffrey James | Director | 2009-03-16 | 2019-07-31 |
| AMIS, Richard Henry | Director | — | 2000-03-28 |
| BEAU, Cyrille Gregoire | Director | 2019-04-15 | 2021-01-19 |
| BERTHER, Philippe, Mr. | Director | 2005-07-01 | 2026-02-04 |
| BLOOR, Christopher James | Director | 2005-06-01 | 2009-04-17 |
| CALLIES, Jacques Pierre | Director | — | 1996-05-15 |
| CARON, Michel Jacques | Director | 1995-05-09 | 2005-06-02 |
| CULBERTSON, Wayne | Director | 2013-08-01 | 2016-10-01 |
| D'AVOUT D'AUERSTAEDT, François Anne-Marie, Bernard, Ignace | Director | 2012-08-01 | 2017-06-14 |
| DAWES, George Christopher Joseph | Director | 2002-01-31 | 2004-06-02 |
| DE BERMONDET DE CROMIERES, Eric Guy Marie Leonard | Director | 2006-02-01 | 2008-02-22 |
| DE LOGERES, Marc Joseph De Fontaine | Director | — | 1995-05-09 |
| FERGUSON, Thomas Kennedy | Director | — | 1997-10-02 |
| GRIDEL, Vincent | Director | 2021-11-01 | 2024-08-19 |
| HAINES, Trevor Rudolphe Gerardus | Director | 2009-03-16 | 2012-03-01 |
| HEYWOOD, Guy Samuel | Director | 2016-05-01 | 2018-01-31 |
| HOWE, John Vernon | Director | 2022-01-02 | 2022-01-02 |
| JOHN, Juergen | Director | 2018-04-01 | 2019-04-15 |
| LE CORRE, Eric Jean-Marie | Director | 2010-09-01 | 2013-08-01 |
| LEPERCQ, Patrick Francois Marie | Director | 1996-05-15 | 2005-06-02 |
| LEVERT, Francois Gilbert Roger | Director | 2019-11-01 | 2021-11-01 |
| REID, John William | Director | 2012-03-01 | 2019-11-01 |
| RICKARD, James Courtney, Mr. | Director | 2004-06-01 | 2010-09-01 |
| SCOVELL, Malcolm John | Director | 2009-05-20 | 2016-05-01 |
| SHEPHERD, Keith Andrew | Director | 2009-03-16 | 2019-09-30 |
| SIRVEN, Claude Jean-Marie Felix | Director | — | 2000-06-28 |
| SMITH, Christopher Andrew | Director | 2018-04-01 | 2022-01-02 |
| TSCHANN, Christian Aime | Director | 2005-06-01 | 2006-02-01 |
| VERNEUIL, Philippe Bernard Jacques Gustave, Mr. | Director | 2008-02-22 | 2012-08-01 |
| YOUNG, John | Director | 2016-10-01 | 2018-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Compagnie Generale Des Establissements Michelin | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 241 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-10 | AA | accounts | Accounts with accounts type full | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-06-29 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-21 | SH01 | capital | Capital allotment shares | |
| 2023-05-27 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-05-23 | SH01 | capital | Capital allotment shares | |
| 2022-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-11 | AA | accounts | Accounts with accounts type full | |
| 2022-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.