Company type | Subsidiary |
---|---|
Industry | Automotive |
Founded | 1971Edinburgh | in
Headquarters | Letchworth, England, UK |
Area served | United Kingdom |
Key people | Paul Boulton (Company Director) Mark Lynott (Company Director) Mark Slade (Company Director) |
Services | |
Parent | Itochu Corporation |
Website | kwit-fit.com |
Kwik Fit is a car servicing and repair company in the United Kingdom. As of August2024, there are over six hundred Kwik Fit locations in the United Kingdom. [1] Kwik Fit also has locations in continental Europe. [2]
Sir Tom Farmer opened the first Kwik Fit location in McDonald Road, Edinburgh, Scotland, in 1971. In May 1995, Kwik Fit Insurance, part of Kwik Fit Financial Services, was formed, and has since grown to become one of the leading car insurance distributors in the United Kingdom. [3]
In October 1999, Kwik Fit had grown to over two thousand locations throughout Europe, and Farmer sold the company to the Ford Motor Company for US$1.6bn. [4] A decision by Ford to concentrate on its core business led to the sale of Kwik Fit in August 2002, to CVC Capital Partners. In June 2005, Kwik Fit was sold for £800m, to PAI Partners, a French-based private equity firm.
The Kwik Fit Financial Services arm of the business, was sold by PAI to Fortis Insurance UK, now Ageas (UK) Limited, for a figure of £215m in July 2010. [5] The tyre retailing and service centre business was bought by Itochu Corporation in March 2011. [6] [7]
First shown in 1984, the adverts “You Can't Get Better Than a Kwik Fit Fitter” were broadcast on the main television channels, in the United Kingdom. The “Kwik Fit Fitter” returned to television in August 2008, with the campaign "You'll Be Amazed at What We Do". [8]
Kwik Fit received its first national training award in 1990. In January 2009, Kwik Fit was awarded Beacon status from the Learning and Skills Improvement Service (LSIS) for its further education training programs. This was given following a successful inspection by Ofsted, in which programs were graded 'outstanding'. [9]
Pacific Century Group (PCG), chaired by Richard Li, is an Asia-based private investment group founded in 1993 with interests in technology, media and telecommunications, financial services, infrastructure, property and other investments. It operates mainly in the Asia-Pacific region, including Singapore, Hong Kong and Japan.
Somerfield (;) was a chain of small to medium-sized supermarkets operating in the United Kingdom. The business started life in the 19th century as grocers J. H. Mills, and after a series of buyouts and mergers, the company became known as Gateway. A major rebranding to the created Somerfield brand started in 1990, and in 1998 the company purchased the Kwik Save chain of discount food stores. The company was taken over by the Co-operative Group on 2 March 2009 in a £1.57 billion deal, creating the UK's fifth-largest food retailer. The Somerfield name was replaced by the Co-operative brand in a rolling programme of store conversions ending in summer 2011.
Kwik Save is a British convenience store chain. Prior to 2007, it was also a discount supermarket chain that had shops across the United Kingdom. It went into administration in July 2007, but was brought back in April 2012. Its shops were small to medium-sized high street supermarkets, mainly located in areas with below average incomes.
The Charoen Pokphand Group Company, Ltd. (CP) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and the largest privately held Royal Warrant holder of the Thai Royal Family. The company describes itself as having eight business lines covering 13 business groups. As of 2020, the group has investments in 21 countries.
Wesfarmers Limited is an Australian conglomerate, headquartered in Perth, Western Australia. It has interests predominantly in Australia and New Zealand, operating in retail, chemical, fertiliser, industrial and safety products. With revenue of A$43.5 billion in the 2023 financial year, it is one of Australia's largest companies by revenue. Wesfarmers is also one of the largest private employers in Australia, with approximately 107,000 employees.
Sir Thomas Farmer, is a Scottish entrepreneur.
Automotive tires are described by an alphanumeric tire code or tyre code, which is generally molded into the sidewall of the tire. This code specifies the dimensions of the tire, and some of its key limitations, such as load-bearing ability, and maximum speed. Sometimes the inner sidewall contains information not included on the outer sidewall, and vice versa.
Assurant, Inc. is a global provider of risk management products and services with headquarters in Atlanta. Its businesses provide a diverse set of specialty, niche-market insurance products in the property, casualty, extended device protection, and preneed insurance sectors. The company's main operating segments are Global Housing and Global Lifestyle.
BGL Group is a financial services company based in Orton Southgate, Peterborough, England. Its main lines of business are vehicle and home insurance, with a range of supplementary products such as breakdown cover, legal protection and personal accident cover.
Perrys Motor Sales is a franchised automobile dealer in the United Kingdom, with its head office in Northampton, United Kingdom.
Halfords Autocentre is a car servicing and repair company in the United Kingdom, specialising in car servicing, MOT testing, brakes, tyres, Exhausts, and air conditioning services/repairs. As of 2018, there are 314 autocentres in the United Kingdom.
Ageas is a Belgian multinational insurance company co-headquartered in Brussels. Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
Stephen Eckersley Boler was an English entrepreneur who founded a business dynasty and in later life became a conservationist in South Africa.
Auto Windscreens is a United Kingdom automotive glazing company specialising in windscreen repair and replacement. It is owned by Auto Windscreens Services Limited, and is headquartered in Chesterfield, Derbyshire. Working predominantly with insurers, brokers and fleet management customers, the company operates a nationwide fitting centre network that utilises a mobile fleet of trained technicians.
Event Mobile Tyres was an online tyre retailer in the United Kingdom and the first mobile online tyre retailer to use chip and pin mobile devices in the UK. They were members of the National Tyre Distributors Association.
Direct Line Insurance Group plc is a British insurance company based in the United Kingdom, formed in 2012 by the divestment of The Royal Bank of Scotland Group's (RBS) insurance division, through an initial public offering. The company owns a number of insurance subsidiaries, providing various insurance products, including Direct Line and Churchill, Darwin as well as the roadside assistance and vehicle recovery provider Green Flag.
Motor Trend Group, LLC, formerly known as Source Interlink Media and TEN: The Enthusiast Network, is a media company that specializes in enthusiast brands, such as Motor Trend, Hot Rod, and Roadkill. Headquartered in El Segundo, California, it is a subsidiary of the TNT Sports division of Warner Bros. Discovery (WBD).
MobiKwik is an Indian payment service provider founded in 2009 that provides a mobile phone-based payment system and digital wallet. Customers can add money to an online wallet that can be used for payments. In 2013 the Reserve Bank of India authorized the company's use of the MobiKwik wallet, and in May 2016 the company began providing small loans to consumers as part of its service.
The National Tyre Distributors Association (NTDA). is a trade association based in the United Kingdom.
{{cite web}}
: Cite uses generic title (help)