In 2001 managing director Zuber Issa started buying run-down petrol stations from oil companies and upgrading them. Now Euro Garages owns and runs 50 petrol stations and associated shops in northwest England and is buying eight more. Most of the stores are Spa-branded and bring in 35% of the revenue, while the petrol is branded BP, Shell, Total or Texaco. Station purchases are funded with loans from Lloyds TSB but the refits are paid for with retained profits. Capital spending on new and existing assets, soaring petrol prices and additional retail services have helped to take sales up 66% a year from £17.3m in 2002 to £78.9m in 2005.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyEuro Garages
ActivityFuel forecourt operator
Annual sales rise over 3 years65.78%
Latest sales £000s78,890

If applicable:

* supplied by company † annualised figure