BANGOR TYRE SERVICE LTD Financials
- Company number
- 06542141CopyCopy
- Registered office
- Bangor Tyre Service Ltd, Caernarfon Road, Bangor LL57 4SU
- Incorporated
- 25/03/2008
Company snapshot
- Status
- Active
- Employees
- 13 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
39.21%vs 20232023: £580.34K
Total Assets
7.00%vs 20232023: £2.31M
Cash in Bank
67.85%vs 20232023: £143.13K
Total Liabilities
-8.92%vs 20232023: £768.34K
Employees
-2vs 20232023: 15
In 2024, BANGOR TYRE SERVICE LTD reported net assets of £807.90K. The same filing shows total assets of £2.47M, cash in bank of £240.25K and total liabilities of £699.81K. Reported headcount was 13 in 2024. Net Assets rose from £580.34K in 2023 to £807.90K in 2024 (39.21%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
39.21%from £580.34K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures BANGOR TYRE SERVICE LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+105%vs 2022+43.3% a year compound (CAGR)
Cash in Bank
+53.9%vs 2022+24.1% a year compound (CAGR)
Total Assets
+20.5%vs 2022+9.8% a year compound (CAGR)
Total Liabilities
-7.8%vs 2022-4% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+105%
£393.29K in 2022 to £807.90K in 2024
Biggest decrease
Total Liabilities-7.8%
£759.01K in 2022 to £699.81K in 2024
BANGOR TYRE SERVICE LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from BANGOR TYRE SERVICE LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 32.73%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 28.35%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 34.33%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 9.73%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for BANGOR TYRE SERVICE LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 238.15K | 393.29K | 580.34K | 807.90K |
| Total Assets£ | 1.92M | 2.05M | 2.31M | 2.47M |
| Cash in Bank£ | 108.60K | 156.10K | 143.13K | 240.25K |
| Total Liabilities£ | 819.28K | 759.01K | 768.34K | 699.81K |
| Employees | 10 | 13 | 15 | 13 |
BANGOR TYRE SERVICE LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for BANGOR TYRE SERVICE LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
BANGOR TYRE SERVICE LTD reported net assets of £807.90K for 2024. That compares with £580.34K in 2023, a change of 39.21%.
BANGOR TYRE SERVICE LTD reported total assets of £2.47M for 2024. That compares with £2.31M in 2023, a change of 7.00%.
BANGOR TYRE SERVICE LTD reported cash in bank of £240.25K for 2024. That compares with £143.13K in 2023, a change of 67.85%.
BANGOR TYRE SERVICE LTD reported 13 employees in 2024, compared with 15 in 2023.
Between 2022 and 2024, BANGOR TYRE SERVICE LTD's net assets rose by 105%, cash in bank rose by 53.9%, total assets rose by 20.5% and total liabilities fell by 7.8%. Net assets compounded at 43.3% a year across the two years to 2024, from £393.29K to £807.90K. Reported headcount went from 13 in 2022 to 13 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.