ALAN REVIE is the unsung Scottish entrepreneur who joined National Tyre Services as a fitter, and 25 years later, bought the loss-making company in what he now reveals was the deal of the decade.
ALAN REVIE is the unsung Scottish entrepreneur who joined National Tyre Services as a fitter, and 25 years later, bought the loss-making company in what he now reveals was the deal of the decade.
NATIONAl HERO: Entrepreneur Alan Revie managed to turn around loss-making National Tyre Service, transforming the culture at the company. Picture: Steve Cox
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Saturday interview SIMON BAIN
Mr Revie, 53, turned it around in two years, then built an auto chain based in Scotland, the UK's only major independent with 250 outlets.
Talking in the boutique hotel 21212 in Edinburgh he acquired a few years ago, Mr Revie said he effectively paid £9 million, with only £2m up front, for a business losing £20m a year but with almost £80m of assets, and which still has £25m of tax losses on its books.
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