MODERN TYRES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-11 (in 4mo)
Last made up 2025-08-28
Watchouts
None on the register
Cash
£753K
-9.2% lowest in 3 filed years
Net assets
£29M
+12.7% highest in 3 filed years
Employees
308
+3.4% highest in 3 filed years
Profit before tax
£5M
+34.3% vs 2023
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £56,850,550 | £59,938,428 | |
| Operating profit | — | — | — | £5,104,116 | £6,421,134 | |
| Profit before tax | — | — | — | £4,091,112 | £5,494,029 | |
| Net profit | — | £618,903 | — | £3,129,287 | £4,282,640 | |
| Cash | — | £843,151 | — | £828,823 | £752,898 | |
| Total assets less current liabilities | — | £22,709,277 | — | £36,766,968 | £39,204,967 | |
| Net assets | — | £11,632,752 | — | £25,617,157 | £28,864,415 | |
| Equity | £11,413,849 | £11,632,752 | £11,632,752 | £25,617,157 | £28,864,415 | |
| Average employees | — | 0 | — | 298 | 308 | |
| Wages | — | — | — | £8,451,429 | £9,494,436 | |
| Directors' remuneration | — | — | — | £350,983 | £328,587 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+5.4%
£56,850,550 £59,938,428
-
Cash
-9.2%
£828,823 £752,898
lowest in 3 filed years
-
Net assets
+12.7%
£25,617,157 £28,864,415
highest in 3 filed years
-
Employees
+3.4%
298 308
highest in 3 filed years
-
Operating profit
+25.8%
£5,104,116 £6,421,134
-
Profit before tax
+34.3%
£4,091,112 £5,494,029
-
Wages
+12.3%
£8,451,429 £9,494,436
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 9.0% | 10.7% | |
| Net margin | — | — | — | 5.5% | 7.1% | |
| Return on capital employed | — | — | — | 13.9% | 16.4% | |
| Gearing (liabilities / total assets) | — | — | — | 30.3% | 26.4% | |
| Current ratio | — | — | — | 1.64x | 1.86x | |
| Interest cover | — | — | — | 5.04x | 6.93x |
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
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.”
Group structure
- MODERN TYRES LIMITED · parent
- D26 Tire Company Limited 100%
- Moynchall Property Co. Limited 100%
- Mountainhill Limited 100%
Significant events
- “Post year end the group acquired Best Buy Ireland by Continental Global Holding Netherlands BV.”
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 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2020-09-21 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2020-09-10 | CS01 | confirmation-statement | Confirmation statement with updates |
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.