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18 January, 2017

Advisers seek buyers for stricken Top 50 Indie

Business advisers to the stricken Top 50 Indie High Noon Stores are trying to find buyers for the company’s assets, but have said reports that the company has gone into administration are not strictly accurate.

Spar wholesaler and retailer James Hall & Co has extended its agreement with Valero to continue selling Texaco fuel across all its Texaco-branded sites, with a new site in Threshfield, Yorkshire, due to open in early 2017. This will bring the total number of sites that are Texaco-branded to 11.

Euro Garages has declined to comment on reports in The Sun that it is in advanced talks to buy the Little Chef chain of roadside restaurants.

A global initiative to drive use of hydrogen has been agreed at the World Economic Forum in Davos.

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LOCATION: My target, Verwood Motors, part of the Central Convenience Stores enterprise, is situated on the B3081 that runs through the town of Verwood, between the A31 and A354.

Going with the flow: Here's a happy new year tip from my regular tipster Steve Vaughan, Handbridge Services, Chester. He knows first hand that forecourt operators are more than happy to make any and all savings possible. And lately he's been looking at wait for it water. Sounds straightforward, simple, but it isn't.

Welcome to January, the bleakest of months what with the darkness and the bills arriving after that little self indulgence at Christmas. And that was just in the good times. Following the events of 2016 (think Brexit, Trump, US interest rate rise, etc), the economic outlook is the most uncertain since the financial crash of 2007/08 and the forecourt retail industry won't be immune to whatever happens to the wider economy.

A 3.15am alarm signals the start of my day as I aim to be through the gates of the Grangemouth depot by 4am. To avoid the queues that build towards Ineos Grangemouth, all of us tanker drivers arrive before 4.45am and, as we start our day, one thing is guaranteed; no two days will ever be the same.

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With so many forecourt acquisition and redevelopment stories in the news, do you have plans for any significant investment in your business this year?

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About the Forecourt Trader Group
Forecourt Trader continues to maintain its market-leading position as the major source of information for the petrol-retailing sector.

Targeted at independent retailers, all those connected to the industry seek out Forecourt Trader (magazine and website) for its strong mix of news, industry and retailer profiles, as well as scheduled features that cover all categories of a service station operation at length, on both the forecourt and shop side of the business. ...more »

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