The Micheldever story
From humble beginnings...
Micheldever Tyre Services Ltd (MTS) was founded in 1972 by Tony Todd, a qualified Marine Engineer from Torquay. In its infancy, Micheldever Tyre & Auto Services focused on car repairs and sales, before developing into a specialist tyre supplier to car drivers and agricultural customers in 1979.
Disaster into opportunity...
The original site burned down in 1983, however this disaster was turned into an opportunity. Micheldever rose from the ashes, when the 'new' purpose built tyre fitting site was opened. In 1986, further development at Micheldever saw an expansion in the services offered to its customers on the current site. This included exhaust, brakes and suspension.
From strength to strength...
The original site went from strength to strength and began to acquire retail sites across the UK.
In 2006 a new management team lead by Paul Fox, CEO and Richard Sawney, Financial Director took over. This team are backed by an investment group Graphite Capital and Royal Bank of Scotland (RBS). At this point the company consisted of 16 retail sites and 7 warehouses.
Micheldever today...
MTS has continued its growth through acquisition, opening new sites and developing exclusive distribution arrangements and now has 59 retail sites and 15 warehouses.
MTS currently employ approximately 1028 employees (521 retail, 64 central functions, 404 logistics and 90 sales). When the business was sold in 2006 turnover was £156m. As at March 2011 turnover was approx £300m.
2011: MTS has gained recognition from its growth through the Times Top Track 250, currently placed 92nd.
