A new investment firm set up by, Jeremy Robson, former principal finance chief at the Royal Bank of Scotland has emerged as the frontrunner in the £100m auction of National Tyres and Autocare. The Times

Robson Asset Management is believed to have teamed up with a big tyre manufacturer to seize pole position in the sale of National’s parent, Axle Group.

Nationwide Autos, backed by Phoenix Equity Partners; Kwik-Fit, controlled by PAI Partners; and Micheldever Tyre Services, backed by Graphite Capital, have also expressed interest.