Blueheath, which describes itself as the fastest growing convenience store grocery wholesaler has obtained a listing on the Alternative Investment Market, by way of a proposed placing of ordinary shares.
Douglas Gurr, chief executive of Blueheath – which is building its penetration of the petrol retailing sector, with contracts with Snax 24, Murco and Malthurst – said: “Our aim is to deliver a wholesale service at cash and carry prices and becoming a plc will provide us with the leverage to command even better rates from suppliers and drive sale. We are very excited about the future; the delivered wholesaler market to convenience stores is growing strongly and the big supermarket groups continue to invest and roll out smaller, more intimate stores. Blueheath is the only wholesaler to provide large-scale services to the smaller convenience stores.”
Blueheath was founded in 2000 by Gurr, ex-head of retail at McKinsey. Non executive chairman is Colin Smith, former CEO of Safeway. The company has more than 1,300 active customers.
Blueheath is proud of its forecourt promotions intitiatives. Every three weeks it offers its forecourt retailing customers eight different deals on soft drink, confectionery, crips and snacks, and beers and wines.
“We have had such a positive response from those forecourts who have taken up the promotions that they need no persuading to continue – the figures speak for themselves,” said Blueheath’s trading controller, Velda Fitzpatrick.