Company name: Tetrosyl Group
What they do: Manufacturer of car care products
The boss: Peter Schofield
Latest turnover (£,000): 163,760
Four-year compound sales growth (%): 30
Latest Ebitda (£,000): 16,325
Car lovers who have whiled away Sunday mornings with a bottle of T-Cut will be familiar with this company.
Tetrosyl is the largest manufacturer of car care products (including T-Cut and Blue Col – the brand behind antifreeze) in Europe. It has operations in France and Poland, and a manufacturing site in Bury, Lancashire, from where products are made and shipped out to 76 countries.
In 2010 it acquired a distribution and retail store business with 14 retail locations across the country and a fleet of 125 vans.
In addition to its brand strategy, Tetrosyl has a technical department trying “to create carcare products of the future,” says CEO Peter Schofield. “For example, Demonshine is a product you pour into a bucket and then over the car. You don’t have to do anything else. It’s great for time starved people,” he says.
Schofield states that the latest results just filed will be roughly in line with last year’s turnover figure of £163.8m. “There hasn’t been much growth, because there has been no winter.” The previous winter, Tetrosyl sold 10 million cans of de-icer. Unlike the rest of us, Schofield longs for the Big Freeze.
The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.
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