Forecourt Trader - 30 years at the heart of the fuel retailing community

Prax Group adds HKS to growing forecourt estate

John Wood ·
HKS Sandringham
HKS Sandringham
  (Photo:  )

Harvest Energy’s parent company Prax Group has bought the sixth ranked company in the Top 50 Indies, HKS, for an undisclosed sum.

In the 2018 Top 50 Indies, Leicester-based HKS had 68 sites and claimed a turnover of £250m.

A spokesperson for Prax said: “Prax has confirmed the acquisition of HKS Retail, a leading retail petrol station business. The acquisition reflects the group’s strategic objective to move into a new stage of accelerated investment, growth and development.”

Documents posted at Companies House show the founders of HKS, Hasukumar, Kamlesh and Shailesh Thakrar resigned as directors of the company on October 30 and were replace by Arani Soosaipillai, Don Camillo Emilio Borneo, and Winston Sanjeevkumar Soosaipillai.

At the end of last year Prax Group bought Retail Fuels Limited, which was ranked 35 in the 2017 Top 50 Indies listing with nine sites.

At that time, Sanjeev Kumar, co-founder and chief executive officer of the Prax Group, told Forecourt Trader: “We look forward to working together to become one of the UK forecourt sector’s most successful operators.”

Keywords:

My Account

You are not logged in.
  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 4 November 2019
RegionDieselLPGSuper ULUL
East130.9367.90138.13126.75
East Midlands130.73139.73126.64
London130.73139.60127.04
North East129.5562.90137.10125.31
North West129.9963.90138.40126.48
Northern Ireland128.05133.57124.33
Scotland130.6059.30137.24126.23
South East131.4566.90139.66127.42
South West130.7674.90137.94126.68
Wales129.84136.06125.42
West Midlands130.4059.90137.63126.57
Yorkshire & Humber130.02139.47126.29

Most read

When a major car manufacturer like Ford predicts that sales of its electrified cars will outnumber petrol and diesel models by 2022, does that ring alarm bells about the possible speed of change for forecourts?

Digital Edition