CHALLENGE TYRES LIMITED Financials
- Company number
- 08286850CopyCopy
- Registered office
- 19 Manor Park, Up Hatherley, Cheltenham GL51 3HU
- Incorporated
- 08/11/2012
Company snapshot
- Status
- Active
- Employees
- 3 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-6.53%vs 20232023: £20.23K
Total Assets
36.84%vs 20232023: £107.73K
Total Liabilities
178.01%vs 20232023: £46.23K
Employees
0vs 20232023: 3
In 2024, CHALLENGE TYRES LIMITED reported net assets of £18.91K. The same filing shows total assets of £147.42K and total liabilities of £128.51K. Reported headcount was 3 in 2024. Total Liabilities rose from £46.23K in 2023 to £128.51K in 2024 (178.01%). 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
-6.53%from £20.23K 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 CHALLENGE TYRES LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+1654%vs 2022+319% a year compound (CAGR)
Total Assets
+29.1%vs 2022+13.6% a year compound (CAGR)
Total Liabilities
+330%vs 2022+107% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+1654%
£1.08K in 2022 to £18.91K in 2024
Every measure that changed in CHALLENGE TYRES LIMITED's filings between 2022 and 2024 rose. The steepest rise came in net assets, pointing to a strengthening balance sheet, with total assets and total liabilities climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from CHALLENGE TYRES LIMITED'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
- 12.83%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
- 87.17%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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for CHALLENGE TYRES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 748.00 | 1.08K | 20.23K | 18.91K |
| Total Assets£ | 96.81K | 114.20K | 107.73K | 147.42K |
| Cash in Bank£ | – | – | – | – |
| Total Liabilities£ | 27.02K | 29.87K | 46.23K | 128.51K |
| Employees | 3 | 3 | 3 | 3 |
CHALLENGE TYRES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for CHALLENGE TYRES LIMITED covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
CHALLENGE TYRES LIMITED reported net assets of £18.91K for 2024. That compares with £20.23K in 2023, a change of -6.53%.
CHALLENGE TYRES LIMITED reported total assets of £147.42K for 2024. That compares with £107.73K in 2023, a change of 36.84%.
CHALLENGE TYRES LIMITED reported total liabilities of £128.51K for 2024. That compares with £46.23K in 2023, a change of 178.01%.
CHALLENGE TYRES LIMITED reported 3 employees in 2024, compared with 3 in 2023.
Between 2022 and 2024, CHALLENGE TYRES LIMITED's net assets rose by 1654%, total assets rose by 29.1%, total liabilities rose by 330% and employee numbers was unchanged. Net assets compounded at 319% a year across the two years to 2024, from £1.08K to £18.91K. Reported headcount went from 3 in 2022 to 3 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.