Top 50 Indies forecourt operator Motor Fuel Group (MFG) has been ranked 9th in a league table of British private companies with the fastest-growing profits, in the 16th annual Sunday Times BDO Profit Track 100.
The league table published on 12 April ranks companies according to growth in profits over the last three years of available accounts. The 100 companies in the table grew their profits over the last three years by an average of 68% a year to combined total of more than £1.4bn. Together they employ 76,200 staff, having added 24,500 employees to their workforce over the period, some as a result of acquisitions.
Jeremy Clarke, MFG’s managing director said: “Our top ten position in Profit Track 100 is yet another sign of our success in achieving our commitment to become one of the most dynamic and profitable independent forecourt operators in the UK.”
The Profit Track 100 league table and awards programme is sponsored by BDO, Lloyds Bank Commercial Banking, and UBS Wealth Management. It is compiled by Fast Track, the Oxford-based research and networking events firm.