Petrol station firm drives on with triple takeover
A forecourt and convenience store firm has expanded with a multi-million-pound triple swoop.
Shinon Group has bought petrol stations in Liverpool, Preston and Lytham St Annes.
The moves were fuelled by a £4.6 million HSBC UK funding package, with bosses pledging to create six full-time and 14 part-time jobs.
They add the Chester-based business – which now operates seven petrol stations – will carry out a “complete refurbishment programme” to futureproof the sites.
Sajeev Gowrinathan, Shinon Holdings’ chief executive and managing director, said: “We are entering a new phase of business growth, with this funding allowing us to continue to invest in local communities.
“We are looking forward to the future, as we plan to expand further across the UK and reinforce our commitment to local communities.”
Liam Mitchell, HSBC UK relationship manager, added: “We have worked with Shinon Holdings since the beginning of this growth journey, and we are delighted to continue our support.
“It’s great to see the business leading the way in this industry for the North West.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Zero per cent - but maximum brand exposure
We don’t talk about money stress enough
A year of resilience, growth and collaboration
Apprenticeships: Lower standards risk safety
Keeping it reel: Creating video in an authenticity era
Budget: Creating a more vibrant market economy
Celebrating excellence and community support
The value of nurturing homegrown innovation
A dynamic, fair and innovative economy
Navigating the property investment market
Have stock markets peaked? Tune out the noise
Will the Employment Rights Bill cost too much?