The RAC has been providing roadside assistance since 1897. Today, it also provides breakdown cover and insurance to 10.6m motorists and can count more than 25% of all British drivers as members. Under the leadership of chief executive Dave Hobday, 50, RAC patrols attended 2.4m breakdowns in 2018 and new contracts were won with Hastings, HSBC and First Direct. In 2019 innovations including an all-wheels-up recovery service, electric vehicle charging van and heavy-duty petrol van, were launched. The Walsall-based firm is owned by private equity firm CVC and Singapore’s GIC.

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
Year2019
Rank10
CompanyRAC
ActivityBreakdown and motoring services
LocationWalsall
Sales £m592.4
Operating profit £m83
Main shareholders

CVC, GIC and senior management (100%)

Staff3,658
Founded1928
Websitewww.rac.co.uk

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda