National’s Revie Speaks of a Strong 2007, Confirms Expansion Plans
Healthy annual figures for National Tyres and Autocare were hinted at on April 22, along with a confirmation of the company’s intention to invest in expansion. Although the full year 2007 results are as yet available from Companies House, executive chairman Alan Revie disclosed that turnover in 2007 increased 15.8 per cent, from £87.7million to £101.6 million, and operating profit shot up 128 per cent, from £1.45m to £3.3m.
Commenting on the results, Revie said “2007 marked another year of significant progress for the company, and this creates a wonderful platform to launch our ambitious growth plans.” These growth plans, he reiterated, include investing more than £12 million in new outlets over the next five years. Mr. Revie said that although nationwide growth was anticipated, an emphasis on a number of key regions was planned. These areas include the London, the Home Counties, and the West Midlands.