MAGOWAN TYRES (N.I.) LIMITED
Get an alert when MAGOWAN TYRES (N.I.) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£2.5m
+64.8% vs 2024
Net assets
£20m
+7.8% highest in 5 filed years
Employees
97
+5.4% highest in 5 filed years
Profit before tax
£2.7m
-3.7% vs 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £30,481,240 | £30,019,085 | £34,588,187 | £36,433,097 | £37,456,488 | +2.8% | |
| Operating profit | — | — | £2,518,413 | £3,133,576 | £2,973,693 | -5.1% | |
| Profit before tax | £1,930,412 | £2,210,818 | £2,119,838 | £2,834,183 | £2,730,580 | -3.7% | |
| Net profit | £1,581,155 | £1,831,904 | £1,663,744 | £2,108,166 | £2,031,793 | -3.6% | |
| Cash | £871,932 | £2,748,083 | £1,605,111 | £1,521,802 | £2,507,504 | +64.8% | |
| Total assets less current liabilities | £20,513,354 | £21,408,741 | £21,613,689 | £23,261,210 | £23,466,466 | +0.9% | |
| Net assets | £13,460,507 | £14,917,411 | £16,783,315 | £18,491,481 | £19,939,274 | +7.8% | |
| Equity | £13,460,507 | £14,917,411 | £16,783,315 | £18,491,481 | £19,939,274 | +7.8% | |
| Average employees | 77 | 71 | 87 | 92 | 97 | +5.4% | |
| Wages | £2,121,657 | £2,092,359 | £3,057,796 | £3,490,239 | £3,898,135 | +11.7% | |
| Directors' remuneration | £26,986 | £26,987 | £127,357 | £147,841 | £169,249 | +14.5% |
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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | 7.3% | 8.6% | 7.9% | |
| Net margin | 5.2% | 6.1% | 4.8% | 5.8% | 5.4% | |
| Return on capital employed | — | — | 11.7% | 13.5% | 12.7% | |
| Gearing (liabilities / total assets) | 42.5% | 37.9% | 34.6% | 30.2% | 26.7% | |
| Current ratio | — | — | 3.23x | 4.22x | 3.94x | |
| Interest cover | — | — | 6.21x | 10.15x | 11.72x |
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
- C.D. Diamond & Company
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis.”
Group structure
- MAGOWAN TYRES (N.I.) LIMITED · parent
- North-West Tyre & Battery Centre Limited 100%
Significant events
- “Brexit has brought with it some uncertainties and comes alongside unprescedented fluctuations in shipping costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAGOWAN, Georgina Ruth | Secretary | 1986-09-22 | — | — |
| DICKSON, Adam Samuel Ervin | Director | 2026-04-17 | Apr 1972 | British |
| MAGOWAN, Darryl Dennison | Director | 2026-04-17 | Mar 1977 | British |
| MAGOWAN, Darryl George | Director | 1986-09-22 | Jun 1945 | British |
| MAGOWAN, David George | Director | 2021-12-31 | Dec 1988 | British |
| MAGOWAN, Georgina Ruth | Director | 1986-09-22 | Apr 1961 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DICKSON, Adam Samuel Ervin | Director | 2014-02-01 | 2026-04-17 |
| MAGOWAN, Darryl Dennison | Director | 1986-09-22 | 2026-04-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Darryl George Magowan | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type group | |
| 2026-07-01 | SH08 | capital | Capital name of class of shares | |
| 2026-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-09-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-08 | AA | accounts | Accounts with accounts type full | |
| 2021-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 2
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.