Established in 1985 with its HQ in Guernsey and with offices and distribution facilities in the UK, and an office in China, Compass Group Ltd expanded to become one of Europe’s leading tyre wholesale and distribution companies, and it is one of the largest and longest established trading companies operating out of the Channel Islands. By 2010 Compass Group was recording annual turnover in excess of £50m.
The expansion of Compass Group Ltd was built on the company sourcing a number of previously unknown car, truck and trailer tyre brands manufactured mainly in China and the Far East, and then over many years taking these tyre brands successfully from obscurity to mainstream brands in Europe, with market leading positions in the UK and wider European tyre industry.
In 2010 with Compass Group car tyre sales at around 3m units p.a. in the UK, representing approximately 12% of the UK annual car tyre replacement market, Compass Group Ltd sold the exclusive distribution rights to the two largest (by unit sales) car tyre brands in the Group’s tyre brand portfolio to one of Europe’s largest tyre companies.
After that significant disposal Compass Group Ltd was restructured into a smaller entity, and it continues today as a prominent company in the European tyre industry with a slimmed down portfolio of tyre brands that includes its own well established and trade mark registered ‘Compass’ brand range of specialist high speed trailer and caravan tyres, which are sold into all major European markets through Compass Group’s country dealer network. Manufactured off Compass Group owned machinery in one of China’s most respected tyre factories, ‘Compass’ brand tyres have, over the past 20 years, become the Original Equipment fitment of choice for many of Europe’s leading trailer and caravan manufacturers.
Compass Group Ltd and its subsidiary companies have a diverse asset and investment base that includes an extensive residential property portfolio covering the UK, Guernsey, Jersey, Gibraltar, Spain and Germany.
Compass Group Ltd is also an investor in company start ups with a focus on those that are technology related.