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Broadway Tyres Enters Administration

Company News, News, UK News

High Wycombe-based wholesaler Broadway Tyres entered administration yesterday (4 November) after being officially declared insolvent the day before. The company is understood to have faced cashflow problems related to significant debts. Bearing in mind the fact that Broadway is a member of the 13-company Grouptyre operation, what affect is the move is likely to be on Grouptyre in general and Broadway’s customers in particular? A source close to Grouptyre told Tyres & Accessories that customers won’t notice any disruption in either service or supply as the collective is working closely with both Broadway and the administrators to ensure it is “business as usual” for customers. The source also suggested that Grouptyre will be continue to honour its supply agreements post-administration whatever the outcome of this period is.

5th November 2010/by Tyrepress Editors

NTDA Chairman: Labelling, Legislation and Technology are ‘Challenges to Conquer’

Shortly before the surreal comic quips of this year’s after dinner speaker (popular TV and Radio comedian Milton Jones), the hundreds of industry opinion makers gathered for the 2010 TAFF Awards and NTDA annual dinner heard the customary speech from association chairman David White. In it he succinctly observed recent changes in market condition and suggested that if the business is ready to embrace change with necessary attitude and enthusiasm “success will surely follow.”

29th October 2010/by Tyrepress Editors

Toyo Tires Enjoys “Successful” Goodwood Revival

Having attended Goodwood events in the past Toyo Tires has reported another “successful” year at the Goodwood Revival, at which it was the exclusive Tyre Partner for the first time. To mark the occasion, VIP Toyo customers previewed two brand new road tyres in the Proxes range, the ultra high performance Proxes T1 Sport and the Proxes C1S, tyres built for performance and ride comfort respectively. Both tyres will be made available from 2011. Toyo said that it was looking forward to continuing its deal with the event in 2011.

27th October 2010/by Tyrepress Editors

Stapleton’s: TAFF Award is Huge Vote of Confidence

Stapleton’s beat off stiff competition to be named as Tyre Wholesaler of the Year at the NTDA Tyre and Fast Fit Awards 2010, which was held at Manchester’s Hilton Deansgate alongside the Brityrex International exhibition in the Manchester Central conference centre on 6 October 2010. The title tops a positive year for the company, which has seen it acquire previously Pirelli-owned wholesale operation CPK and achieve total sales of over £300 million.

27th October 2010/by Tyrepress Editors

Grouptyre/Federal’s Red Letter Day Prizes still up for Grabs

The first of the new promotions by Grouptyre and its value brand Federal is nearing its conclusion, but the wholesaler says retailers still have time to sign up and win a Red Letter Day experience. Focussed on Federal high performance, light truck, 4×4 and SUV tyres, for which Grouptyre is the exclusive UK distributor, the 2010 incentive runs as two consecutive promotions that the company says have already attracted “a great deal of interest”.

20th October 2010/by Tyrepress Editors

NETA Supports Yorkshire Air Ambulance With Charity Efforts

The Yorkshire Air Ambulance (YAA), which provides a life saving emergency service to the five million people across the county, has today received a cheque at their base at Leeds Bradford Airport worth £1000 from Deborah Horton of North Eastern Tyre and Autocare (NETA). The cheque was handed over following a string of fundraising efforts undertaken by the vehicle care specialists.

Deborah Horton is area retail manager for NETA, which has seven retail centres, 15 HiQ Fast Fit centres operated under franchise, as well as five wholesale depots across the North East and Yorkshire. She explains why the charity is so close to NETA’s heart: “The YAA works across the entire region covering rural landscape, major cities as well as motorways and thanks to its rapid response to emergencies it is responsible for rescuing hundreds of lives, many of which are the result of road accidents.”

19th October 2010/by Tyrepress Editors

Halifax Duo Shares Grouptyre/Dunlop Luxury, Motorsport Prize

Managers at Northern Accident Repair Centre in Halifax shared a luxury car and VIP motorsport package at Silverstone after winning the top prize in Grouptyre’s ‘Feel the Passion’ national promotion, organised in conjunction with premier tyre manufacturer and British Touring Car Championship (BTCC) sponsor Dunlop.

19th October 2010/by Tyrepress Editors

Micheldever Jumps to 90th in Sunday Times Top Track 250

Recent growth at the Micheldever Group has driven the firm up to 90th place in the prestigious Sunday Times Top Track 250 list of the most successful mid-market privately owned companies. With just the Top Track 100 of the biggest private companies in the UK above it, this puts progress in the business into context. Micheldever first entered the Sunday Times list in 2006 in 184th position and in the intervening three years has jumped an amazing 94 places with the group’s sales in the last financial year reaching over £275 million.

18th October 2010/by Tyrepress Editors

ATD Plans Massive Expansion in Northeast US

After opening new distribution centers in Ohio and Indiana – new markets for its vast operations – American Tire Distributors is now eying expansion into New York, New Jersey, eastern Pennsylvania and the entire New England area, reports Tire Review.

13th October 2010/by Tyrepress Editors

Viking International in "Efficiency Drive"; 24hr Facility to Open

Viking International’s group managing director Kevin Parker says that the company has “embarked on a period of change within Viking that is unparalleled in its history” during the last 12 months. Parker has implemented a number of initiatives designed to streamline efficiency and improve customer service. He is also the head of Viking’s sister company National Fleet and he believes the best way to drive the business forward includes the partnership of these companies, providing a more complete service to customers; this would include wholesale tyres and automotive parts alongside fleet solutions for dealers and independent partners.

12th October 2010/by Tyrepress Editors

MAI and Heuver Sign European Distribution Deal

In a major initiative, the MAI Group has appointed Netherlands-based wholesaler Heuver Bandengroothandel as the exclusive distributor of its MAXAM range of OTR and earthmover tyres in no fewer than 18 European countries. Speaking from the company's Verona headquarters, MAI Group’s European Sales manager Kevin Buckley described the agreement as "a fantastic deal for both parties".

11th October 2010/by Tyrepress Editors

Maxxis Shows Grassroots Support With Latest Football Sponsorship

What do the Under-9 teams at Sprowston Football Club have in common with Premier League greats Liverpool and Aston Villa? The answer, you may or may not have already suspected, is tyre related. The Norwich based team has become the latest football club to gain sponsorship from Maxxis. The tyre maker is sponsoring the boys in conjunction local Grouptyre member We Sell Tyres (Wholesale) – a member of Grouptyre, which distributes Maxxis tyres throughout Norfolk.

6th October 2010/by Tyrepress Editors

De Klok Reporting “Enormous Increase” in Nankang, GT Radial Sales

International-orientated wholesaler De Klok Banden knows the importance of private and exclusive brands; the company is the exclusive importer of Nankang for Germany and the Benelux countries, a brand it says provides a “high quality”, extensive product range, including popular sizes in the tuning segment. De Klok is also the exclusive Benelux importer of another strong mid-range brand, GT Radial. The Dutch wholesaler says it is experiencing “an enormous increase in Nankang and GT Radial sales and sees great potential for more from these mid-range products; a segment that latest figures suggest is – and has been for some time – on the rise (see this section’s lead article).

4th October 2010/by Tyrepress Editors

Van den Ban Moves into New Headquarters

Dutch wholesaler Van den Ban moves into its new administrative headquarters on 18 October. Its new address will be: Ravenseweg 13M, 3223 LM Hellevoetsluis. The move comes in the same year that Van den Ban opened the Logistic Tyre Centre on the same site, which Tyres & Accessories reported in detail in its March edition (pp 44-6).

4th October 2010/by Tyrepress Editors

Micheldever Continues Growth Despite Turbulent Market

Leading tyre wholesale operation Micheldever Tyres Services reports that it has increased unit sales despite the difficulties of selling in a market beset with recessionary pressures. This year the company expects sales of 6 million tyres – equivalent to just under 20 per cent of the total UK market – with an annual turnover of over £300 million. Not bad for a company that was bought from its founder Tony Todd in a reported £85 million deal just four years ago. When Tyres & Accessories spoke to wholesale director Alan Baldwin he revealed that these unit sales are set to include 1.2 million Kumho tyres. So does this figure reflect a market move to the mid-range as other sources suggest?

30th September 2010/by Tyrepress Editors