The Protyre brand spawned from Micheldever Tyre and Auto Services Limited and in 2006 was acquired by venture capitalists, Graphite Capital and Royal Bank of Scotland.

Following a buy out from Graphite Capital and Royal Bank of Scotland, it remained profitable and continued to expand.

Previous owner Tony Todd, since selling the company in 2006, was ranked 782nd in the Times Rich List, 2011.

[4] Micheldever Tyre Services Ltd, trading as Protyre was founded by Tony Todd and run by him until 2006, when it was acquired by Graphite Capital and Royal Bank of Scotland.

[5] In January 2017, Micheldever Tyre Services (MTS) was sold to Sumitomo Rubber Industries for £215 million.