Bank pumps in cash help as truck tyre firm seals pounds 320,000 buyout deal.BUSINESSMAN Mike Carroll Mike Carroll (born 1975) is a professional skateboarder from San Francisco who skated for H-Street and then formed the super team, Plan B Skateboards. In a mass defection, Mike started Girl Skateboards with fellow Plan B rider Rick Howard. Carroll is often sarcastic towards people. has completed a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. of the Deeside-based commercial tyre division of Rhyl Tyre & Battery, in a pounds 320,000 deal funded by the Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba . The business will trade as Tyremaster, operating from sites at the Deeside Industrial Estate and Gaerwen on Anglesey. The new company has 12 employees. It provides a commercial tyre breakdown service breakdown service n (Brit) → service m de dépannage breakdown service (Brit) n → Pannendienst m along the A55 Corridor and North Wales coast, particularly for trucks using Holyhead. Its clients include several major haulage chains. Tyremaster will also provide a tyre replacement service for companies in Deeside and North Wales in the construction and agricultural sectors. Mr Carroll said: "Having worked at Rhyl Tyre & Battery for several years, I was aware of the good reputation the commercial tyre division had in the market. "By creating a new company based on the skills and knowledge that exist within the division, I am confident that we can grow turnover and increase our market share." CAPTION(S): From left, Simon Gill, RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) ; Colin Andreassen, RBS; and Mike Carroll, managing director of Tyremaster |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion