Micheldever Group Climbs the Sunday Times Corporate League Table
Micheldever, the UK’s largest independent tyre wholesaler, distributor and retailer, has jumped 49 places to 154th position in the annual Sunday Times HSBC Top Track 250 league table of the best performing mid-market private companies, after achieving annual sales total of more than £224 million in the last financial year, an increase of almost 33 per cent on the previous year’s performance. According to Micheldever, it is only tyre firm to appear in this year’s list.
The league table, co-sponsored by PricewaterhouseCoopers LLP, ranks Britain’s 250 biggest mid-market private companies by their latest sales, which range between £167 million and £536 million.
Elated at this year’s ranking in the Top Track 250 League Table, Micheldever chief executive Paul Fox explains: “The Micheldever Group’s prominence in this year’s Sunday Times HSBC Top Track 250 underlines our position as the UK’s largest and most profitable tyre distribution business, achieved by providing our customers with unbeatable quality, service and value.” The company’s growth has come from both wholesale and retail operations. New warehouses have been opened in Walsall and Warrington, bringing the total to ten, with more to come. A new logistics director, previously the director of logistics for the Kingfisher/B&Q operations, is, reports Micheldever, developing greater efficiencies and even better customer service. The group is on track to distribute six million tyres this year.
Retail operations have been doubled in size through the acquisition of existing wholesale customer businesses. The company says each acquisition has been carefully planned so as not to conflict with other Micheldever wholesale customers. There are, Micheldever adds, further funds in place to continue this strategy.
Micheldever says it will continue to fly the flag for the larger UK independent tyre dealer, providing the very best service with the highest levels of availability and most competitive pricing. Equally important, it says it will not compete with its own customers by opening new retail sites or supplying local car dealer businesses, best serviced by local independents.