North Eastern Tyre & Exhausts to Turnover £52 million in 2009
After achieving sales of £43 million in full-year 2008 results, North Eastern Tyre & Exhausts (NETE) is on track to achieve a £52 million turnover in 2009. A significant part of this growth can be put down the company’s purchase of 15 HiQ centres late last year in a move that saw the company’s retail footprint grow from eight to 23 depots overnight.
The NETE-owned HiQ stores are now benefiting from a two-year programme of investment, refurbishment and development, with a £2 million rebuild of the Leeds store. Local news reports said the Leeds HiQ store will now “set the new industry standard for Fast Fit centres with a state of the art workshop and customer waiting environment” when it opens its doors to the public on 1 December.
Managing director Gavin Marshall commented: “We are very pleased with the continued growth and are delighted with our people for rising to the challenge and helping us achieve our ambitious plans. This year our focus is on training and personal development so all of our 400-plus staff have the confidence in their skills to deliver the company’s exacting standards to our customers.”
Other projects on NETE’s horizon reportedly include the launch of a new e-commerce website, allowing customers to purchase tyres online and book a convenient fitting time at any of its stores. And the company’s Newcastle store, based on the Silverlink, is apparently looking forward to developing its status as a motorcycle tyre specialist.