GITI TIRE HOLDINGS (UK) LIMITED
The company acts as the British holding entity for the Singapore-headquartered Giti Tire group, a global manufacturer and distributor of passenger and commercial vehicle tyres under brands such as GT Radial, Primewell, and Dextero.
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Cash
£3M
USD 4,027,000
-19.6% vs 2023
Net assets
£286M
USD 381,907,000
+16.3% vs 2023
Employees
874
+32.6% vs 2023
Profit before tax
-£31M
USD -41,916,000
+3.1% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £90,506,064 | £102,185,956 | +12.9% | |
| Operating profit | -£18,991,616 | -£21,506,962 | -13.2% | |
| Profit before tax | -£32,384,339 | -£31,378,949 | +3.1% | |
| Net profit | -£25,306,932 | -£24,786,645 | +2.1% | |
| Cash | £3,749,813 | £3,014,673 | -19.6% | |
| Total assets less current liabilities | £373,205,570 | £365,833,209 | -2% | |
| Net assets | £245,927,534 | £285,901,333 | +16.3% | |
| Equity | £245,927,534 | £285,901,333 | +16.3% | |
| Average employees | 659 | 874 | +32.6% | |
| Wages | £34,761,940 | £43,565,654 | +25.3% | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|
| Operating margin | -21.0% | -21.0% | |
| Net margin | -28.0% | -24.3% | |
| Return on capital employed | -5.1% | -5.9% | |
| Current ratio | 0.57x | 0.62x | |
| Interest cover | -1.42x | -2.18x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Mitchell Charlesworth (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“A letter of support has been received from the directors of Giti Tire Global Enterprise Pte Ltd indicating that Giti Tire Global Enterprise Pte Ltd will provide any support necessary to enable the Group to meet its liabilities as they fall due for a period of at least 12 months from the date of signing of the financial statements.”
Group structure
- GITI TIRE HOLDINGS (UK) LIMITED · parent
- Giti Tire Holdings (USA) Limited 100%
- Giti Tire Manufacturing (USA) Limited 100%
Significant events
- “The contributing factor [to loss after tax] is due to labour shortage leading to production capacity not operating at its optimal level.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAN, Chia Hoong | Secretary | 2014-05-08 | — | — |
| LEI, Huai Chin | Director | 2014-05-08 | Aug 1964 | Chinese |
| TAN, Chia Hoong | Director | 2014-05-08 | Feb 1972 | Malaysian |
| TAN, Enk Ee | Director | 2014-05-08 | Mar 1968 | Malaysian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LYONS, Richard Andrew | Director | 2014-05-08 | 2015-09-15 |
| WU, Zhimin | Director | 2014-05-08 | 2018-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Giti Tire Global Enterprise Pte. Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
| Ms Mei Fung Michelle Liem | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-14 | SH01 | capital | Capital allotment shares | |
| 2026-02-11 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | SH01 | capital | Capital allotment shares | |
| 2025-10-10 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | AA | accounts | Accounts with accounts type group | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-07 | SH01 | capital | Capital allotment shares | |
| 2024-12-30 | SH01 | capital | Capital allotment shares | |
| 2024-12-11 | SH01 | capital | Capital allotment shares | |
| 2024-10-14 | AA | accounts | Accounts with accounts type group | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-21 | SH01 | capital | Capital allotment shares | |
| 2023-12-28 | SH01 | capital | Capital allotment shares | |
| 2023-12-28 | SH01 | capital | Capital allotment shares | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2023-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-30 | SH01 | capital | Capital allotment shares | |
| 2022-12-30 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 8
- 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.