Sir Tom Farmer
|Born||10 July 1940 (age 80)|
Leith, Edinburgh, Scotland
|Net worth||£126 million (Sunday Times Rich List 2020)|
|Title||CEO of Kwik Fit (1971–2002)|
Non-executive director of
MyTravel Group PLC (1994–2007)
Director of Scottish Power (2009–2017)
|Spouse(s)||Anne, Lady Farmer|
Sir Thomas Farmer, Scottish entrepreneur.(born 10 July 1940) is a
One of seven siblings in a devoutly Catholic family, in 1964 Farmer founded his own tyre retailing business which he sold in 1969 for £450,000. Farmer retired to the United States, but became bored and decided to find a new challenge.
He returned to Edinburgh to found the Kwik Fit chain of garages in 1971. The firm grew quickly, mainly through acquisition, including opening in the Netherlands in 1975. Farmer was named Scottish Businessman of the Year in 1989. After building the chain to become the world's largest independent tyre and automotive repair specialists with over 2,000 centres operating in 18 different countries, Farmer sold the firm to Ford in 1999 for more than £1 billion. He is the first Scot to be awarded the prestigious Andrew Carnegie Medal for philanthropy. Farmer owned 90% of Hibernian, a professional football club based in Edinburgh in 2003. He invested nearly £3 million to rescue the club from receivership and he continued to fund developments of Easter Road and financial losses made by the club. Before his intervention, the club had been threatened during 1990 by an attempted takeover by Wallace Mercer, the owner of their Edinburgh derby rivals Hearts. Farmer has admitted that he has no great love of football, and he rarely attends matches. He felt it was important to the local community that Hibs should continue to exist, as he was informed by campaigners that his grandfather had saved the club from bankruptcy approximately 100 years earlier. Farmer delegated control of Hibs to other figures, such as Rod Petrie. He sold the majority ownership of Hibernian FC to American businessman Ronald Gordon in July 2019.
In 2006, he donated £100,000 to the Scottish National Party to help fund their campaign for the 2007 Scottish Parliament general election. Farmer commented at the time that it was not an indication of his political allegiance but that he wanted the SNP to be able to compete financially with their better-funded political opponents. Farmer repeated his endorsement for the SNP in the 2011 election.
Awards and accolades
Farmer was appointed Commander of the Royal Victorian Order (CVO) in the 2009 New Year Honours for his work as chairman of the Board of Trustees of the Duke of Edinburgh's Award. Farmer was made a Knight Commander with Star of the Order of St. Gregory the Great, and he was also knighted by Queen Elizabeth in 1997.
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- My Travel Group Limited; Farmer, Tom, Sir Companies House, Retrieved 5 August 2017
- (2017) - Tom Farmer CBE, KCGS - Scottish Power Limited Companies House, Retrieved 5 August 2017
- "Kwik-Fit founder shares his knowledge at RGU"
- "Kwik Fit founder named Scotland's top businessman"
- The Entrepreneurial Exchange
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- Lugton, A. (1999) Ch. 14 'Down but not Out: 1891–1893'. In 'The Making of Hibernian Vol. I' (pp. 189–204). John Donald Publishers Limited.
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- "Farmer backs ground decision". BBC Sport. 29 October 2003. Retrieved 2 May 2011.
- "Hibernian: Ronald Gordon takes ownership from Sir Tom Farmer". BBC Sport. 2 July 2019. Retrieved 2 July 2019.
- Times, The Sunday. "Rich List 2020: profiles 906‑982=". ISSN 0140-0460. Retrieved 23 September 2020.
- "Sir Tom donates £100,000 to SNP". BBC News. 7 October 2006. Retrieved 24 March 2010.
- Barnes, Eddie (1 May 2011). "Scottish Election 2011: Kwik-Fit founder backs SNP". Scotland on Sunday. Edinburgh. Retrieved 2 May 2011.
- "UK: THE DAVIDSON INTERVIEW - TOM FARMER". Management Today. Retrieved 14 April 2015.
- "No. 58929". The London Gazette (Supplement). 31 December 2008. p. 3.