The company is a well-established tyre-fitting firm based in the South East. Founded in the early 2010s, the company has built a strong reputation in the local market, offering an extensive range of premium, mid-range, and budget tyres from leading manufacturers such as Nexen, Continental, Pirelli, and Hankook.
In addition to its core tyre business, which accounts for 85% of its turnover, the company also provides other ancillary repair services, including batteries, exhausts, brakes & suspension.
The company sets itself apart from competitors by offering a vast range of tyres, ad-hoc appointments without the need for prior booking, and a mobile call-out service that generates significant revenue. The company's competitive pricing, diverse stock, and mobile service give it a distinct advantage over its main competitors.
Since its establishment, the business has experienced significant growth, expanding from one building to two between 2015 and 2017 to accommodate its increasing stock. The company's financial performance has been impressive, with year-over-year growth from £482,118 in 2021 to £865,064 in 2023, and a projected revenue of £917,000 for 2024.
Key investment highlights include:
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2021 (Actual) | 482,118 | 34,204 |
| 2022 (Actual) | 596,434 | 45,164 |
| 2023 (Actual) | 865,064 | 142,698 |
| 2024 (Forecast) | 917,000 | 162,694 |
The current directors are selling to facilitate their retirement plans
Rented property available, pending agreement.
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