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.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future