Tom Farmer facts for kids
Quick facts for kids
Sir Tom Farmer
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| Born | 10 July 1940 (age 83) Leith, Edinburgh, Scotland
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| Nationality | British |
| Occupation | Entrepreneur |
| Years active | 1964–present |
| Title | CEO of Kwik Fit (1971–2002) Non-executive director of MyTravel Group (1994–2007) Director of Scottish Power (2009–2017) |
| Spouse(s) | Anne, Lady Farmer |
| Children | 1 daughter 1 son |
Sir Thomas Farmer, CVO, CBE, KC*SG, FRSE, DL (born 10 July 1940) is a Scottish entrepreneur.
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Early life
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.
Business career
According to the Sunday Times Rich List in 2020, Farmer is worth an estimated £126 million.
Kwik Fit
Farmer founded 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.
Hibernian FC
Farmer owned 90% of Hibernian, a professional football club based in Edinburgh, between the early 1990s and 2019. 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 admitted in 2006 that he has no great love of football, and he rarely attended 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 the club to American businessman Ronald Gordon in July 2019.
Political activism
In 2006, Farmer 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.
Personal life
Farmer was married to Anne (née Scott) and lives in Edinburgh. They have one daughter, one son and four grandchildren. Lady Farmer died in 2023.
Farmer also owns the island of Inchkeith in the Firth of Forth.
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. He was appointed as the founding Chancellor of Edinburgh’s Queen Margaret University in 2007 taking over from Princess Alice, Duchess of Gloucester who had been the institution’s Patron. Sir Tom served in that role until 2016.
