You are here: / Alan | Revie

Posts

Halfords buys National Tyres and Autocare in £62 million deal

Halfords is paying £62 million for National, the tyre and automotive servicing, maintenance and repair business, which operates under the National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper brands. As a result, Halfords’ garage estate will grow by more than 60 per cent (from 372 to 604 garages), offering MOT, servicing, fitting and repair services. According to Halfords, this deal makes it “the largest vehicle service, maintenance and repair business in the UK, with the majority of UK households within a 20-minute drive of a Halfords garage.” However, Tyres & Accessories data suggests European Tyre Enterprises Ltd (ETEL), which incorporates 650 Kwik Fits in its portfolio, is still the largest in the UK with a total estate of 740 at the last count.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Axle Group investing £12 million in acquisition strategy
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Halfords buys Universal Tyres and Autocentres for £15 million
/by

Axle Group investing £12 million in acquisition strategy

,

The Executive Board of Axle Group Holdings Limited have ratified a £12 million, three-year inward investment strategy to help drive its business forward. Further announcements specifically relating to the firm’s acquisition strategy are expected.

Read more

Related news:

  1. National Tyres and Autocare aiming for 300 branches
  2. UK tyre retailers continue right-sizing
  3. National Tyres and Autocare board approves leases for 10 new branches
  4. Yanchang/Duraturn set their sights on European assets
/by

National Tyres and Autocare board approves leases for 10 new branches

, ,

National Tyres and Autocare will expand its network by 10 branches over the next year. Launching at the start of July, and projected to finish in early 2017, this expansion phase will include new branches in London, Yorkshire, Northamptonshire, South Wales and the South West. These branches will join the existing network of 241 branch locations operating throughout the UK. National added that 14 further sites are currently “in the pipeline”. The network is the UK’s third largest; the latest expansion will demonstrate its sharpest growth in locations for five years.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. National Tyres and Autocare aiming for 300 branches
  2. Blackcircles on expansion, investment and going international
  3. Ready for take-off: is Dunlop Aircraft Tyre Ltd (DATL) up for sale?
  4. Kirkby Tyres’ 80,000sqft central distribution centre expansion nears completion
/by

National Tyres and Autocare aiming for 300 branches

,

On 28 July Scotland’s Herald newspaper reported that Axle Group Holdings, the holding company behind the National Tyres and Autocare tyre retail chain and the Viking wholesale business, had reported a £2.1 million loss in its full-year 2013 figures. The headline figures were that group sales dipped from £166.3 million in 2012 to £161.5 million in 2013. And that while costs fell, 2012 profits of £3.85 million had become a £2.1 million pre-tax loss for 2013. However the complicated nature of holding company accounts suggests that this doesn’t necessarily tell the whole story. Having read accounts filed at company’s house and contacted executives at Axle Group, Tyres & Accessories spoke with company founder, chairman and 60 per cent shareholder Alan Revie who spoke of strong operating results and branch expansion – even a rough goal of 300 branches.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. National Tyres and Autocare board approves leases for 10 new branches
  2. Sailun develops European tyre lines as Asian acquisitions continue
  3. Axle Group investing £12 million in acquisition strategy
  4. UK tyre retailers continue right-sizing
/by