PARTNER CONTENT
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Continuing a family legacy
Following a management buyout( MBO) in 2019, Reg’ s sons, Charlie and Greg, now own and manage the business, occupying the roles of CEO and CPO, respectively. The buyout was fully supported and signed off by Reg, who wanted to see the business he had built continue a strong growth plan. We sit down with Charlie to learn more about how Bond has become the UK’ s largest independent tire wholesaler and his plans for continued growth.
“ Bond is a somewhat simple business; we import tires and distribute them to the motor trade, dealing with customers from small independent garages to major UK chains, fleet companies, and online businesses,” Charlie begins.“ We also store and distribute tires for manufacturers through our network of delivery vans. Using our fleet of 350 vehicles, we can supply 92 percent of UK garages on a same-day delivery basis and have an on-time, in-full( OTIF) delivery rate of 99.5 percent.
“ As in you find in many family businesses, I started working here from a very young age. My first role was in the warehouse as an operative, and I have covered many roles over the years. This experience has been priceless, as it allows me to fully understand what is required, and what I can expect from the team.
“ The business has grown significantly over the last 50 years, including in the last five following the MBO, which saw the creation of a new Board of Directors. I promoted internal employees to the board, as well as recruiting fresh talent I
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