MODERN TYRES LIMITED
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Cash
£7.8m
+930.4% highest in 3 filed years
Net assets
£34m
+18.8% highest in 3 filed years
Employees
394
+27.9% highest in 3 filed years
Profit before tax
£6.5m
+18.5% highest 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 | £56,850,550 | £59,938,428 | £70,864,799 | +18.2% | |
| Operating profit | £5,104,116 | £6,421,134 | £7,430,486 | +15.7% | |
| Profit before tax | £4,091,112 | £5,494,029 | £6,509,951 | +18.5% | |
| Net profit | £3,129,287 | £4,282,640 | £5,243,915 | +22.4% | |
| Cash | £828,823 | £752,898 | £7,758,071 | +930.4% | |
| Total assets less current liabilities | £36,766,968 | £39,204,967 | £51,396,759 | +31.1% | |
| Net assets | £25,617,157 | £28,864,415 | £34,284,105 | +18.8% | |
| Equity | £25,617,157 | £28,864,415 | £34,284,105 | +18.8% | |
| Average employees | 298 | 308 | 394 | +27.9% | |
| Wages | £8,451,429 | £9,452,864 | £13,256,715 | +40.2% | |
| Directors' remuneration | £350,983 | £328,587 | £360,575 | +9.7% | |
| Directors' pension contributions | £36,321 | £41,572 | £47,572 | +14.4% | |
| Highest paid director | £80,000 | £80,000 | £80,000 | 0% |
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 | 9.0% | 10.7% | 10.5% | |
| Net margin | 5.5% | 7.1% | 7.4% | |
| Return on capital employed | 13.9% | 16.4% | 14.5% | |
| Gearing (liabilities / total assets) | 30.3% | 46.3% | 50.9% | |
| Current ratio | 1.64x | 1.86x | 2.17x | |
| Interest cover | 5.04x | 6.93x | 8.07x |
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
- MODERN TYRES LIMITED 2018-10-29 → present
- ARDS TYRE SERVICE LIMITED 1996-09-13 → 2018-10-29
- MONOG LIMITED 1996-08-28 → 1996-09-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the Group's forecasts and projections, the directors have a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- MODERN TYRES LIMITED · parent
- D26 Tyre Company Limited 100%
- Moynehall Property Co. Limited 100%
- Mountainhill Limited 100%
- Modern Tyres Ireland (Retail) Limited 100%
- Irish Tyre Centres Limited 100%
Significant events
- “On 1st September 2025, D26 Tire Company Limited, a subsidiary of Modern Tyres Limited purchased 100% of the shares in BestDrive Ireland Limited. Details of the purchase consideration and the net assets acquired are below.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCKEE, James Patrick | Secretary | 2004-12-29 | — | Irish |
| BYRNE, Connor | Director | 1998-12-31 | Aug 1972 | Irish |
| BYRNE, Niall | Director | 1998-12-31 | Mar 1964 | Irish |
| BYRNE, Rory | Director | 1998-12-31 | May 1966 | Irish |
| BYRNE, Shane | Director | 1998-12-31 | Apr 1971 | Irish |
| MCKEE, James Patrick | Director | 2004-12-29 | Mar 1966 | Irish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BYRNE, Margaret Ann | Secretary | 1996-08-28 | 2004-12-29 |
| BYRNE, James Charles | Director | 1996-08-28 | 2017-12-22 |
| BYRNE, Margaret Ann | Director | 1996-08-28 | 2009-11-23 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 143 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-04 | SH06 | capital | Capital cancellation shares | |
| 2024-03-04 | SH03 | capital | Capital return purchase own shares | |
| 2023-10-06 | AA | accounts | Accounts with accounts type group | |
| 2023-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-26 | AA | accounts | Accounts with accounts type group | |
| 2022-09-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-10-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-10-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-29 | AA | accounts | Accounts with accounts type group | |
| 2021-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-03-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-12-23 | AA | accounts | Accounts with accounts type group |
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.