Euro Garages has grown sales by nearly 50% by further expanding its UK footprint and attracting new customers to its existing network.
In results for the year to July 31, 2014, the Blackburn-based company saw turnover climb to £646m, a rise of 47% compared with 2013 (£439m), and profit was up 67% to £30m.
Sales were boosted by the acquisition of 48 existing petrol forecourt sites in the Midlands and East of England, which was completed in May with the help of a new finance package agreed with a syndicate of backers. The deal means Euro Garages now has almost 200 petrol forecourts across the UK.
The company achieved organic growth during the year, helped by rises in like-for-like fuel and non-fuel sales. During the year, the company added 12 Greggs stores to its forecourts. It plans to have 30 of the fresh bakery outlets across the Euro Garages estate by the end of this year, along with 100 Subway and Starbucks outlets.
In the current financial year, Euro Garages forecasts revenue of more than £850m and profits approaching £50m.
Zuber Issa, chief executive of Euro Garages, said: "This has been another milestone year for us. The latest acquisition of sites has significantly grown our national presence and even more people now have the chance to enjoy and access our forecourts."