The low-cost tyre fitter shaking up an old and tired industry
Founder: Dominic Clarke
Founded: May 2011
Coming in at number 24 on our 2013 list, former Michelin Tyres employee Dom Clarke’s start-up Tyresonthedrive has continued to shake up the tyre fitting industry with its unique model, which uses a technology-driven method to constantly source the cheapest replacement tyres for its customers. It is an offering that clearly works for customers, who save significantly on the cost of replacement tyres, and Tyresonthedrive itself – by only ordering what it needs and never keeping spare tyres in stock, overheads are drastically reduced. 30,000 people have used the service so far and it seems to be a hit with users, the business is ranked 1st on Trust Pilot in the tyre category with over 4,000 reviews.
Revenues are also strong, in 2013 turnover reached £2.9m, with this figure expected to grow to £6m in 2014. The Digital Business of the Year finalist has big plans to partner up with a national retailer in the next 12 months, bringing its low prices and commitment to customer service to as many customers as possible.