Pace

As many big oil companies quit the retail petrol sector, Pace’s founders have been picking up the pieces. The company was formed in 2004 when forecourt operator Malthurst teamed up with the property groups Winston and William Pears to buy Kuwait Petroleum’s 70 British Q8 stations for £52m and revived the Pace brand. The Staines company snapped up 60 outlets from Texaco a year later and supplies fuel to a further 210 forecourts. With sales of £287.8m in 2006, Pace reckons it is now Britain’s second-biggest independent petrol-station operator.

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Company details
Year2007
Rank52
CompanyPace
ActivityPetrol station operator
LocationStaines
Sales £m287.8
Operating profit £m8
Main shareholdersWilliam Pears Group (37.5%), Winston Group (37.5%), Malthurst (25%)
Staff384
Founded2004
Websitewww.pacepetroleum.com

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda