Top Track 100

Founded in Edinburgh by Sir Tom Farmer in 1971, Kwik-Fit GB has more than 700 UK workshops supplying tyres, exhausts and other car parts. The pan-European chain, for which global consolidated figures are disclosed separately, runs more than 2,000 workshops. It also has an insurance broking arm. The brand has been built up through advertising and good customer service. Kwik-Fit’s worldwide operations were acquired by the motor giant Ford for £1 billion in 1999, but it has since sold 81% of the company to CVC Capital Partners for £330m. Kwik-Fit GB reported a £2m operating profit (after exceptional items of £15.3m) on sales of £350m in 2001, when it had 4,427 UK employees.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2003
Rank96
CompanyKwik-Fit GB
ActivityGarage services provider
LocationEdinburgh
Sales £m350
Profit £m2
Year endDec 01
Principal shareholdersCVC Capital Partners (81%), Ford (19%)
Staff4,427
Founded2002
Websitewww.kwik-fit.com

If applicable:

* Supplied by company † Annualised figure **Estimated