During November one member of Grouptyre entered administration and four more formed a joint venture to maintain supply to national customers. Now that the joint venture is poised to make another acquisition, this time of WJ Wood & Sons, Tyres & Accessories exclusively interviewed Grouptyre managing director Karl Naylor in order find out more about the reasons behind the recent events. Needless to say a lot has been happening within Grouptyre over the last few weeks, with what Naylor diplomatically described as “unforeseen problems at one of its larger member companies…resulting in rapid changes having to be put in place to maintain its national coverage and service to customers.”

However, while the market officially got wind of the story in November, it appears Grouptyre’s members had been making every effort to secure Broadway’s future as far back as the summer. At this point plans were being discussed to address concerns that Broadway’s financial performance was weaker than Grouptyre was comfortable with.