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Motor Fuel Group

Motor Fuel Limited
Company typePrivate
Founded2004
FounderSharad Mohanlal Raja and Sailesh Ranchhoddas Sejpal
Headquarters
St Albans
OwnerClayton, Dubilier and Rice
ParentMorrisons (20%)[1]
Websitemotorfuelgroup.com

Motor Fuel Limited (trading as Motor Fuel Group and MFG) is a British operator of filling stations, convenience stores and food service providers in the United Kingdom, founded by Sharad Mohanlal Raja and Sailesh Ranchhoddas Sejpal in 2004.[2]

As of March 2024, the group is the UK's largest independent forecourt provider.[3] The company is currently based in St Albans and is owned by Clayton, Dubilier & Rice, who also own the Morrisons supermarket chain.[4]

History

The former Q8 brand in Yorkshire.

The company formed via a series of mergers of smaller operators. Malthurst acquired 75 sites branded Q8 from Kuwait Petroleum Corporation in 2004.[5] Malthurst and Refined Holdings (which used the Pace brand) merged into MRH.[6] MFG acquired MRH with its 500 sites in 2018.

In 2020, the group had revenue of £3,308 million, with an operating profit of £249 million.[7]

The former Pace brand in Warwickshire.

In September 2021, the group opened electric vehicle charging forecourts at its Putney and Stretford sites.[8] In December 2022, the group was awarded joint-best UK charging network by Zap-Map users.[9] By September 2023, the group had opened over 500 electric vehicle chargers across its network.[10]

As of March 2024, the group's food service provider deals include McDonald's, Burger King, Starbucks, Costa Coffee, Subway, Greggs, and Pret a Manger.[11] The group also has deals with BP, Esso, Shell, Texaco, JET, Murco and EV Power.[12]

In 30th April 2024, MFG acquired the fuel business of Morrisons for £2.5bn, Morrisons also took on a 20% stake in MFG as part of a partnership.[13]

See also

References

  1. ^ https://www.retailgazette.co.uk/blog/2024/04/morrisons-petrol-forecourts-2/
  2. ^ "MOTOR FUEL LIMITED overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2024-03-30.
  3. ^ TechMarketView. "TechMarketView". www.techmarketview.com. Retrieved 2024-03-30.
  4. ^ Makortoff, Kalyeena (2021-10-02). "Morrisons sale: US firm CD&R wins £7bn auction for supermarket". The Observer. ISSN 0029-7712. Retrieved 2024-03-30.
  5. ^ "Kuwait sells Q8 petrol stations". The Guardian. 2004-09-02. Retrieved 2022-11-11.
  6. ^ "UK's Motor Fuel Group acquires rival MRH for £1.5bn". www.petrolplaza.com. Retrieved 2022-11-11.
  7. ^ Firefly Annual Report https://www.motorfuelgroup.com/wp-content/uploads/2016/10/CDR-Firefly-Holdco-Financial-Statements-2020.pdf
  8. ^ Current News https://www.current-news.co.uk/news/mfg-opens-flagship-150kw-ev-charging-station
  9. ^ https://www.fleetnews.co.uk/news/latest-fleet-news/electric-fleet-news/2022/12/20/fastned-and-mfg-ev-power-named-best-charging-networks-in-zap-map-survey
  10. ^ https://forecourttrader.co.uk/latest-news/mfg-passes-milestone-of-500-ultra-rapid-ev-charger-installations-/683353.article
  11. ^ "Partners & Brands - Motor Fuel Group". www.motorfuelgroup.com. Retrieved 2024-03-30.
  12. ^ "Partners & Brands - Motor Fuel Group". www.motorfuelgroup.com. Retrieved 2024-03-30.
  13. ^ Morgan, Aoife (2024-04-30). "Morrisons completes £2.5bn MFG petrol forecourts sale - Retail Gazette". Retrieved 2025-01-12.
Quelle: https://en.wikipedia.org/wiki/Motor_Fuel_Group