Provider of Fuel for Agricultural and Commercial Applications

The company is a supplier of kerosene, gas oil, DERV, lubricants, and tanks, as well as providing general/bulk haulage across Scotland.

Through providing a personal service and rapid delivery, the company has developed an excellent reputation throughout its six decades in operation.

Our clients are now offering the business for sale to facilitate their retirement plans.

Offers invited.

Key Highlights

– Has built many long-standing customer relationships, with the longest spanning the six decades that the company has been in operation.

– Ideally situated to cater to demand in the area for commercial fuels, along with newer diesel replacement products and renewable liquid heating fuels.

– Low customer concentration with the largest customer contributing less than 4% of overall turnover.

– Could expand its product range to include hydrotreated vegetable oils and renewable liquid heating fuels to expand sales and remain up to date with industry advancements.

– Scope to expand geographically and begin offering products and services across the UK.

– Strong second-tier management team in place that can undertake many daily operations independently.

– A reputation for great service and response times, even in difficult to reach geographic regions.

Financial Highlights

– FY23 turnover of £33m and adjusted EBITDA of £1.8m.

– Forecast FY24 turnover of £34m.