100 New Jobs At C-Tyres

Colway Tyres has been re-incarnated as C-Tyres in a management buy out backed by the Royal Bank of Scotland. The deal was created through Tait Walker Chartered Accountants and Hay and Kilner solicitors. Colway Tyres was the market leader for passenger tyre retreads, boasting sales of around 600,000 and Motorway Retreads were the third largest premium truck retread producer.

The two firms together under the C-Tyres banner should have “excellent prospects”, said Allan Kelly of Tait Walker Corporate Finance. Managing Director Garry Oliver, Finance Director Peter Morris and Operations Director John Harrison announced that future business has already been secured with Kwik-Fit, ATS, National Tyres and Motorway/Hi-Q. The firm expects to take on in excess of 100 new employees in 2002 – including many of the skilled staff laid of when Colway closed its doors.