MRH has recorded a substantial rise in turnover and profits in its final set of results before the takeover by its rival MFG. The company, which was number one in Forecourt Trader’s Top 50 Indies with 491 sites, made a pre-tax profit of £73.4m in the year to October 1 2017, up 28.8% from £57m the previous year.
Turnover was up 10.4% to £2.3bn, compared with £2.1bn the previous year.
The accounts reveal financial details for the four businesses that were acquired as subsidiaries during the year Zain Investments (Spring Petroleum), Mitha Forecourts, Chartman Holdings and Peregrine Retail for £117m.
As part of the Peregrine deal MRH is committed to £8.5m of lease premiums for new-to-industry sites.