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Online tyre retailer reports surge in sales

Blackcircles, the online tyre retailer, has seen revenues growth 30% to £23.2m in the last year.

The company, which uses a network of 1,700 independent tyre workshops and also operates Tesco Tyres for the supermarket group, also doubled its earnings to £600,000.

The BBC reports that it may extend its association with Tesco by piloting a tyre fitting service in its supermarket car parks. 

Michael Welch, managing director of Blackcircles, said: "Our success comes down to understanding what our customers want and delivering it, it's as simple as that."

He added: "30% of our customers each month are returning customers - that's a legacy of what we have been building painstakingly for 10 years and the reason we are prospering in the worst three-year period the tyre market has ever seen."

He added: "Across the group as a whole, the aim is to get to £100m of sales over the next five years, which represents 10% of the UK market. 


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