Times are hard for everyone at the moment and at etyres we are focussing on securing the lowest possible tyres prices for our customers.
Our sales are up nearly 40% year on year, because we are committed to keeping our overheads low and passing savings on to consumers.
This means our customers can afford brand name tyres without having to pay premium prices – and with our mobile fitting service, we go to them to replace the tyres.
Meanwhile, high street tyres and exhaust firm Kwik Fit have just awarded their chief executive a bumper 40% pay rise – despite the company’s profits remaining static.
Accounts for the trading operations of Kwik Fit filed at Companies House show that the total pay of the highest-paid director increased by £200,000 to £700,000 in the year to December.
The company’s turnover grew, because of moves to offer a wider range of services including MOT checks, according to The Herald, Scotland’s leading quality newspaper.
However, stripping out the effect of opening new branches and expanding existing outlets, like-for-like sales rose by just 0.5%, the article reported.
The official report noted that Kwik-Fit faces a challenging year. However, its report to accounts directors said it expected demand to hold up well because to a large extent its turnover related to spending which is “non-discretionary and subject to regulatory requirements”.
Kwik Fit is also burdened with a net debt increase of £96.6 million to £822.1 million in 2008.