Protyre
 | |
| Type | Private |
|---|---|
| Industry | Tyres and Servicing |
| Founded | 1972 |
| Headquarters | Micheldever, Winchester, Hampshire, England |
Key people | Graham Mitchell, CEO |
Number of employees | 2400+ |
| Parent | Sumitomo Rubber Industries |
| Website | protyre |
Micheldever Tyre Services Ltd, trading as Protyre, is primarily focused on the fast fitting of motor vehicles, specialising in tyres, brakes, exhausts and batteries. It also caters for MOT testing & servicing and air conditioning. The Protyre brand spawned from Micheldever Tyre and Auto Services Limited and in 2006 was acquired by venture capitalists, Graphite Capital and Royal Bank of Scotland.[1] It was sold to Sumitomo Rubber Industries in January 2017.
History
[edit]Micheldever Tyre Services Ltd was founded in 1972 by Tony Todd[2] starting in a farm building off the A303 before moving a mile or so to the site at Micheldever Station (two miles to the north of Micheldever, Hampshire) which is now the headquarters for the company.[3] It expanded to employ a work force of approximately 1,000. Following a buy out from Graphite Capital and Royal Bank of Scotland, it remained profitable and continued to expand. As well as retail, it operates a wholesale division, which supplies in excess of 6 million tyres a year[4] to its 2,500 plus wholesale customers. Previous owner Tony Todd, since selling the company in 2006, was ranked 782nd in the Times Rich List, 2011.[5]
As at November 2023 Protyre operates more than 180 branches across the UK.[6]
Ownership
[edit]Micheldever Tyre Services Ltd, trading as Protyre was founded by Tony Todd and run by him until 2006, when it was acquired by Graphite Capital and Royal Bank of Scotland.[7]
In January 2017, Micheldever Tyre Services (MTS) was sold to Sumitomo Rubber Industries for £215 million.[8]
References
[edit]- ↑ "Pumped up for even more growth". Hampshire Chronicle. 23 April 2009.
- ↑ "Tyre tycoon sells up after 34 years". Daily Echo. 9 February 2006. Retrieved 28 November 2023.
- ↑ "Tony Todd". www.thetimes.com. 27 April 2008.
- ↑ "About Us". Micheldever Group. 31 March 2015. Retrieved 5 January 2017.
- ↑ "Sunday times rich list, bodyshop, automotive, insurer". Archived from the original on 2 April 2012. Retrieved 14 September 2011.
- ↑ "Find Your Local Car Garage | Protyre". www.protyre.co.uk. Retrieved 28 November 2023.
- ↑ "Graphite Capital Management LLP - A leading independent private equity group investing in mid-market UK companies - Authorised and regulated by the Financial Services Authority". Archived from the original on 30 January 2010. Retrieved 24 September 2009.
- ↑ Rob Davies. "Japanese company to buy UK's second biggest tyre supplier for £215m | Business". The Guardian. Retrieved 5 January 2017.
External links
[edit]51°10′54″N 1°15′39″W / 51.18167°N 1.26083°W
 | This article about a company of the UK is a stub. You can help Wikipedia by adding missing information. |