Forecourt Trader - 30 years at the heart of the fuel retailing community
Top 50 Indie Calanike in receivership and seeking potential buyers
Published:  16 January, 2012

Glasgow-based Top 50 Indie Calanike Retailing Ltd, founded by managing director Kenny Webster in 1998, is in receivership, and seeking interest from potential buyers.

Elizabeth Mackay, Ryan Grant and Anne O’Keefe, partners at corporate advisory and restructuring specialist Zolfo Cooper, were appointed joint receivers over Calanike Retailing Limited today (January 16, 2012).

Calanike operates 19 freehold petrol stations across mid-Scotland and Northern England, which trade under Esso, BP and other independent brands. Headquartered in Kirkintilloch, East Dunbartonshire, the company employs approximately 170 staff.

The receivers said they were appointed as – in a particularly challenging industry sector – the company was facing an unsustainable financial position. Following appointment, the joint receivers will continue to trade the business while exploring all possible options for the future of the business including a sale as a going concern.

Elizabeth Mackay, Partner at Zolfo Cooper, said: “Calanike Retailing has established a significant footprint across the central belt of Scotland and Northern England as a leading independent fuel retailer and we are confident we will receive significant interest from third parties for the business. To that end, we would welcome enquiries from potential buyers.

“In the interim we will continue to trade the business as normal and would like to thank all staff for their ongoing dedication and professionalism during this process.”




My Account

You are not logged in.
  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 18 September 2017
RegionDieselLPGSuper ULUL
East120.75128.55119.84
East Midlands120.29128.81119.63
London120.7558.57130.05119.82
North East120.2059.90129.98119.40
North West120.52128.62119.81
Northern Ireland119.2369.90126.85119.03
Scotland120.60128.18119.75
South East121.03130.63120.24
South West120.75129.31119.96
Wales120.35127.44119.57
West Midlands120.4262.90130.69119.84
Yorkshire & Humber120.1971.90128.67119.59

Most read

Are you relieved that as a consequence of the 2015 Modern Slavery Act, rogue hand car washing operations are now being targeted by the authorities as one of the prime sources of human trafficking and are being shut down?