In a petrol market that is said to have contracted by 25% over the past five years, this operator has still managed to grow, achieving annualised sales of £274m in 2004. Buying fuel from oil giants such as Shell, Texaco and BP, and operating under these brands, it now has 130 outlets. Last year, Malthurst’s private shareholders bought the British subsidiary of Q8 national oil company, now renamed Pace Petroleum, in a £60m joint venture with the property managers Winston Group and William Pears Group. Pace trades separately from Malthurst.
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