Business Irish

Tuesday 25 July 2017

Micksgarage.com gets €1.5m boost

MicksGarage.com has annual revenues of over €11m and recently opened a distribution centre in Poland. Stock image
MicksGarage.com has annual revenues of over €11m and recently opened a distribution centre in Poland. Stock image
Adrian Weckler

Adrian Weckler

Online car parts retailer MicksGarage.com has raised an extra €1.5m in private funding to help push its business in the UK market.

The Dublin-based company - founded by Mayo brothers Ciaran and Michael Crean - has now raised over €4m in private capital since its first fundraising round in 2009.

It has annual revenues of over €11m and recently opened a distribution centre in Poland.

It delivers over 1,000 products a day.

The €1.5m was raised by Investec Wealth & Investment through the employment and investment incentive scheme.

"As a business it has demonstrated at each stage of its development the ability to grow significantly and the prospects for growth remain strong," said Nigel Poynton, a director at Investec Wealth and Investment. "This is particularly so as it moves to larger markets with greater scope to build an international business of scale."

The move comes as Clare County Council begins the rollout of free public wifi to Ennis town centre as part of a wider plan to introduce open internet access to several other Clare towns.

Clare County Council, which is funding the initiative, said that it was working with local businesses to install the wifi hotspots in an effort to draw shoppers and businesspeople to the town.

"This is a brilliant initiative that will further enhance the experience of visitors to the town," said the Mayor of Ennis, Ann Norton.

Open wifi access was recently introduced to the Upper Market area of Ennis, with plans to extend the free service.

Irish Independent

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