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  • Victor Holdings Ltd t/a Tyres on The Drive (TOTD)

Victor Holdings Ltd

31 October 2019



Business description

TOTD is one of the leading independent mobile tyre-fitters in UK


Due to high marketing and operational cost base, TOTD was loss-making for a number of years, resulting in consistent cash flow pressure. A last minute dispute with a potential investor resulted in an urgent new money funding requirement. The sponsor was not willing to provide additional capital to TOTD given its significant investment to date and TOTD was placed into administration.

BDO Role

BDO’s Special Situations M&A Team was introduced to run an accelerated M&A process. The accelerated timeline for the transaction was driven by cash runway, meaning a deal needed to be concluded in short order.


Following an extensive sales process BDO delivered a pre-packaged sale to car parts retail and service group, Halfords.