MICHELDEVER TYRE SERVICES LIMITED
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Cash
£8k
-23.3% lowest in 3 filed years
Net assets
£57k
-20.5% lowest in 3 filed years
Employees
2,441
+1% vs 2024
Profit before tax
-£17k
-465.2% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £574,637,000 | £578,684 | £561,139 | -3% | |
| Operating profit | £16,849,000 | £7,814 | -£4,863 | -162.2% | |
| Profit before tax | £12,095,000 | -£2,997 | -£16,939 | -465.2% | |
| Net profit | £9,991,000 | -£2,379 | -£14,639 | -515.3% | |
| Cash | £12,522,000 | £10,473 | £8,028 | -23.3% | |
| Total assets less current liabilities | £126,015,000 | £137,694 | £132,488 | -3.8% | |
| Net assets | £73,646,000 | £71,267 | £56,628 | -20.5% | |
| Equity | £73,646,000 | £71,267 | £56,628 | -20.5% | |
| Average employees | — | 2,418 | 2,441 | +1% | |
| Wages | £84,737,000 | £89,401 | £92,637 | +3.6% | |
| Directors' remuneration | £889,000 | £779 | £585 | -24.9% | |
| Directors' pension contributions | £14,000 | £9 | £16 | +77.8% | |
| Highest paid director | £503,354 | £332,921 | £258,940 | -22.2% |
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 | 2.9% | 1.4% | -0.9% | |
| Net margin | 1.7% | -0.4% | -2.6% | |
| Return on capital employed | 13.4% | 5.7% | -3.7% | |
| Gearing (liabilities / total assets) | 76.5% | 80.4% | 86.8% | |
| Current ratio | 0.93x | 0.83x | 0.79x | |
| Interest cover | 3.54x | 0.72x | -0.40x |
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.
Name history
Renamed 2 times since incorporation
- MICHELDEVER TYRE SERVICES LIMITED 2006-01-26 → present
- MICHELDEVER TYRE SERVICES PLC 1984-08-06 → 2006-01-26
- SURFCANE LIMITED 1984-05-18 → 1984-08-06
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate for the following reasons:”
Group structure
- MICHELDEVER TYRE SERVICES LIMITED · parent
- 4x4 Tyres Limited 100%
- Fleet Tyre Network Limited 100%
- Southam Tyres Limited 100%
- Walker's Tyre Service Limited 100%
- Tires 4 Less Limited 100%
- Alba Tyres Limited 100%
- Harolds Tyres Limited 100%
- Welwyn Tyre & MOT Centre Limited 100%
- TW Tyres Autocentre Limited 100%
- Hawleys (Tyre Services) Limited 100%
- Bell Silencer Services Limited 100%
- P & R Autocentres Limited 100%
- Denton Tyre Centre Limited 100%
- Treadmark Tyres Limited 100%
- Coombe Garage Tyres Limited 100%
- Elmbridge Tyre Services Limited 100%
- Bathwick Tyres Limited 100%
- Celtic Tyre Services (Bridgend) Limited 100%
- Celtic Tyre Services (Cardiff) Limited 100%
- Celtic Tyre Services (Holdings) Limited 100%
- Celtic Tyre Services (Maesteg) Limited 100%
- Bridgwater Tyre & Exhaust Limited 100%
- Wheels & Tyres Direct Limited 100%
- New Milton Tyre Company Limited 100%
- Christchurch Tyres Limited 100%
- Prestige Tyres Limited 100%
- Tyremark Limited 100%
- Bury Tyre Centre Limited 100%
- Bridgnorth Tyre Centre Ltd 100%
- A44 Tyre Shop Limited 100%
- Abbotsinch Tyres & Exhausts Ltd 100%
- Buckley Two Wheel Centre Limited 100%
- Budget Motorist Centres Limited 100%
- Corby Tyres and Exhausts Limited 100%
- RTB Tyres Ltd 100%
- Teiars Huw Lewis Cyf 100%
- Wellingborough Tyres Limited 100%
- Mid Devon Tyres Limited 100%
- Darcys Garage Limited 100%
- Selecta Tyre Limited 100%
- Cribb Tyre & Battery Ltd 100%
Significant events
- “In 2026 the Company will conclude its multi-million-pound investment in its digital transformation ("DX") programme.”
- “The Company acquired the 100% share capital of Tyre Spot Limited (02854187) on 27 June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GORING, Will | Secretary | 2020-05-01 | — | — |
| ADACHI, Takeshi | Director | 2025-09-01 | Oct 1969 | Japanese |
| AWAZU, Kei | Director | 2022-06-01 | Sep 1975 | Japanese |
| GORING, Will James Frederick | Director | 2020-05-01 | May 1983 | British |
| HAMADA, Hiroshi | Director | 2025-03-27 | May 1968 | Japanese |
| MITCHELL, Graham | Director | 2024-05-01 | Sep 1977 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWLES, Jonathan | Secretary | 2012-07-05 | 2020-05-01 |
| NOBLE, Eric John | Secretary | 1996-02-19 | 2006-12-27 |
| SAWNEY, Richard Murray | Secretary | 2006-12-27 | 2012-07-05 |
| TODD, Anna | Secretary | — | 1996-02-15 |
| ADACHI, Takeshi | Director | 2024-01-01 | 2025-03-27 |
| AOKI, Takafumi | Director | 2020-03-29 | 2024-06-30 |
| ARAI, Masashi | Director | 2019-12-17 | 2022-06-01 |
| BALDWIN, Alan George | Director | 2002-04-22 | 2017-03-16 |
| BOXFORD, Michael John | Director | 2006-02-03 | 2017-02-03 |
| BROOKES, Philip Paul | Director | 2002-04-22 | 2008-05-31 |
| COWLES, Jonathan Robert | Director | 2007-05-24 | 2024-10-01 |
| CROFT, Ashley Paul | Director | 2004-01-21 | 2007-01-31 |
| FLOOD, Michael John | Director | 1993-10-12 | 2012-12-31 |
| FOX, Paul | Director | 2006-02-03 | 2015-07-17 |
| HADDOCK, David Alexander | Director | 2008-09-30 | 2017-03-16 |
| HIORNS, Simon | Director | 2007-11-27 | 2017-03-16 |
| HOHANA, Akio | Director | 2017-03-16 | 2019-12-17 |
| ISHIDA, Isamu | Director | 2017-03-16 | 2020-03-29 |
| KERSWELL, Brian Roy | Director | 1996-04-01 | 2007-03-05 |
| KURODA, Yutaka | Director | 2017-03-16 | 2021-03-26 |
| MASUTA, Tomohiko | Director | 2021-03-26 | 2023-12-31 |
| MITCHELL, James John | Director | 1996-04-01 | 2000-02-28 |
| NOBLE, Eric John | Director | 2006-02-03 | 2006-12-27 |
| SAITO, Toru | Director | 2024-06-30 | 2025-01-01 |
| SAWNEY, Richard Murray | Director | 2006-02-03 | 2012-09-28 |
| SMITH, Angus | Director | 2012-06-19 | 2017-03-16 |
| STILES, Martin John | Director | 1996-04-01 | 1997-01-06 |
| TODD, Anna | Director | — | 1996-02-15 |
| TODD, Antony James | Director | — | 2006-02-03 |
| WADA, Kentaro | Director | 2024-05-01 | 2025-09-01 |
| WILKES, Duncan Stewart | Director | 2013-12-02 | 2020-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Micheldever Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Appoints directors (as firm) | 2017-02-10 | Active |
| Graphite Capital Gp Llp | Corporate entity | Significant influence, Significant influence (as trust), Significant influence (as firm) | 2016-04-06 | Ceased 2017-02-10 |
| Graphite Capital Management Llp | Corporate entity | Voting 50–75%, Appoints directors, Appoints directors (as trust), Appoints directors (as firm), Significant influence (as trust), Significant influence (as firm) | 2016-04-06 | Ceased 2017-02-10 |
Filing timeline
Last 20 of 224 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-02 | AA | accounts | Accounts with accounts type full | |
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | CH01 | officers | Change person director company with change date | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.