Black Circles, the Borders-based online tyre retailer established by well-connected young entrepreneur Michael Welch, eked out a retained profit of £2295 last year, according to accounts filed with Companies House.
Mr Welch, who became a tyre-fitter after leaving school, established the business in Peebles in 2001 having previously worked for Sir Tom Farmer's Kwik-Fit until it was acquired by Ford.
Black Circle's chairman is Graeme Bissett, a former senior partner with accountant Arthur Andersen who became finance director of Kwik-Fit for three years before its takeover.
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