State Oil

Husband and wife Sanjeev and Arani Soosaipillai began this business in 2000 as a bedroom start-up. State Oil, based in Weybridge, Surrey, imports liquid fuel from oil companies and sells it to British firms under the Prax Petroleum brand. The company stores and blends diesel at facilities in Dagenham and then sells it to British commercial clients, including Royal Mail and Stagecoach Bus. State Oil plans further expansion by increasing its petrol imports. In the retail sector, the group administers 22 fuel service stations in Britain. Some of these are owned while others are managed on behalf of the larger oil companies. Sales have grown by 144% a year, from £18m in 2007 to £261.6m in 2010.

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Company details
Year2010
Rank9
CompanyState Oil
ActivityFuel wholesaler
LocationWeybridge
Annual sales rise over 3 years144.08%
Latest sales £000s261,613
Staff76
Founded2000
Websitewww.stateoil.co.uk

If applicable:

* supplied by company † annualised figure