Micheldever Tyre Services Ltd, trading as Protyre, is primarily focused on the fast fitting of motor vehicles, specialising in tyres, brakes, exhausts and batteries. It also caters for MOT testing & servicing and air conditioning. The Protyre brand spawned from Micheldever Tyre and Auto Services Limited and in 2006 was acquired by venture capitalists,

Graphite Capital Graphite Capital is a private equity firm focused on mid-market leveraged buyout investments, primarily in the UK. The group manages around Pound sterling, £1.2 billion for institutional investors, with the most recent fund raising over £500 m ...

and

Royal Bank of Scotland The Royal Bank of Scotland Public Limited Company () is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Sco ...

. It was sold to

Sumitomo Rubber Industries is a global tire and rubber company based in Japan. It is part of the Sumitomo Group. The company makes a wide range of rubber based products, including automobile tires, golf balls and tennis balls. Sumitomo tire brands include Dunlop (in ce ...

in January 2017.

History

Micheldever Tyre Services Ltd was founded in 1972 by Tony Todd starting in a farm building off the A303 before moving a mile or so to the site at Micheldever Station (two miles to the north of Micheldever, Hampshire) which is now the headquarters for the company. It expanded to employ a work force of approximately 1,000. Following a buy out from

and

, it remained profitable and continued to expand. As well as retail, it operates a wholesale division, which supplies in excess of 6 million tyres a year to its 2,500 plus wholesale customers. Previous owner Tony Todd, since selling the company in 2006, was ranked 782nd in the Times Rich List, 2011. As at November 2023 Protyre operates more than 180 branches across the UK.

Ownership

Micheldever Tyre Services Ltd, trading as Protyre was founded by Tony Todd and run by him until 2006, when it was acquired by Graphite Capital and Royal Bank of Scotland. In January 2017, Micheldever Tyre Services (MTS) was sold to

for £215 million.

References

External links

Micheldever Tyre and Auto Services Limited

Protyre, online tyre retailer
British companies established in 1972 Retail companies established in 1972 Companies based in Hampshire Automotive repair shops {{UK-company-stub