Kwik Fit
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Kwik Fit - overview
Established
1971
Location
Broxburn, -, UK
Primary Industry
Retail
About
Kwik Fit is a leading automotive service provider in the UK that specializes in tyre retail, vehicle servicing, and MOT testing, ensuring vehicle safety and reliability for consumers and businesses alike. Founded in 1971 in Broxburn, UK, Kwik Fit operates as an automotive service company offering various services. It underwent a significant ownership change when it was acquired by Ageas SA/NV for GBP 215 million from PAI Partners in July 2010 and was then sold to ITOCHU Corporation for GBP 637 million in March 2011. The company has engaged in a total of 4 deals, with the most recent deal occurring on March 1, 2011.
Kwik Fit specializes in automotive services, primarily focusing on tyre retail, MOT testing, and vehicle servicing. The company offers a comprehensive range of tyres from leading manufacturers such as Pirelli, Goodyear, Michelin, and Bridgestone, catering to various vehicle types, including 4x4s and electric vehicles. In addition to tyre services, Kwik Fit provides battery checks, brake inspections, air conditioning services, exhaust repairs, and general vehicle maintenance. The company aims to enhance the safety and reliability of vehicles for drivers across the UK and beyond, with a client base that includes individual motorists and businesses with vehicle fleets.
Kwik Fit operates over 600 centres in the UK, the Netherlands, and Northern Ireland. Kwik Fit generated a revenue of GBP 795,838,932. 4 in 2024, with an EBITDA of GBP 88,569,435. 1 for the same year.
The company's revenue generation stems from a transaction-based model that includes direct-to-consumer sales and B2B partnerships. Each service incurs specific charges based on customer needs, ensuring transparency in costs associated with their flagship services. The company plans to introduce new product lines and service offerings to enhance its market presence. Kwik Fit is also looking to expand its operations into new markets, particularly in Europe, to increase its geographical footprint.
Recent funding from the GBP 637 million acquisition will be utilized to support these growth initiatives, alongside enhancing existing service capabilities and improving customer experience.
Primary Industry
Retail
Sub Industries
Automobile Repair
Website
www.kwik-fit.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Kwik Fit - timeline of key events
Kwik Fit - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 526,865,000 | - | 639,453,000 | 515,161,000 | 519,087,000 | 472,480,000 | 467,340,000 | 454,846,000 | 481,661,000 | 482,043,000 | 497,173,000 | 440,032,000 | 507,866,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | 0.8% | (9.0%) | (1.1%) | (2.7%) | 5.9% | 0.1% | 3.1% | (11.5%) | 15.4% | - | - | - |
| EBITDA (USD) | 273,662,000 | - | 1,827,000 | 22,722,000 | 34,488,000 | 35,566,000 | 40,594,000 | 38,623,000 | 91,208,000 | 35,183,000 | 76,197,000 | 48,929,000 | 32,950,000 | - | - | - |
| Operating Income (USD) | 262,499,000 | - | (17,219,000) | 11,918,000 | 21,922,000 | 21,548,000 | 25,020,000 | 22,276,000 | 74,619,000 | 18,849,000 | 33,725,000 | 7,578,000 | 28,069,000 | - | - | - |
| Operating Margin | 49.8% | - | (2.7%) | 2.3% | 4.2% | 4.6% | 5.4% | 4.9% | 15.5% | 3.9% | 6.8% | 1.7% | 5.5% | - | - | - |
| % EBITDA Margin | 51.9% | - | 0.3% | 4.4% | 6.6% | 7.5% | 8.7% | 8.5% | 18.9% | 7.3% | 15.3% | 11.1% | 6.5% | - | - | - |
| NET Income (USD) | 268,260,000 | - | (10,942,000) | 9,921,000 | 24,402,000 | 13,656,000 | 16,323,000 | 14,010,000 | 48,106,000 | (14,098,000) | 21,669,000 | (7,640,000) | 11,664,000 | - | - | - |
| % Net Margin | 50.9% | - | (1.7%) | 1.9% | 4.7% | 2.9% | 3.5% | 3.1% | 10.0% | (2.9%) | 4.4% | (1.7%) | 2.3% | - | - | - |
Kwik Fit - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Kwik Fit | - | ||||||||
| Trade Sale | Completed | Kwik Fit | - | ||||||||
| Buyout | Completed | Pit Stop | - | ||||||||
| Secondary Buyout | Completed | Kwik Fit | - | ||||||||
| Buyout | Completed | Kwik Fit | - |
Displaying 1 - 5 of 5
Kwik Fit - employee data
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