All PRA articles – Page 12
-
Analysis
Brian Madderson: PRA chairman
Many industry watchers thought that the very high values achieved by dealers (up to 12 x EBITDA) for their assets would soon start to wane. They had been exiting the market to sell to fast-growing groups backed by private equity funds where there was keen competition for rapid expansion. The ...
-
News
Prax Group buys Top 50 Indie firm HKS
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: "The acquisition reflects the group’s strategic ...
-
News
Environment Agency adopts new decision-making tool as a best practice guide
A decision-making tool for forecourt companies wanting to develop or refurbish sites has been adopted by the Environment Agency (EA) as a best practice guide. Last year Cambridge-based geo-environmental consultants EPS issued the decision-making tool, which helps to assess different fuel infrastructure requirements at new or refurbished petrol filling stations, ...
-
Analysis
Ray Blake: PRA technical director
The unmanned operation of petrol filling stations is growing across the UK, sometimes because it is the only feasible way for vehicle fuel to be accessible in remote areas. But also where companies have evaluated the cost of installing and monitoring technical solutions against the ever-rising cost of employing personnel ...
-
NewsPRA arranges Business Breakout in the West Midlands
The PRA has arranged a Business Breakout in the West Midlands at Lea Martson Hotel Haunch Lane, Lea Marston, Sutton Coldfield, on Wednesday November 21. Presentations will include: PRA – latest market update; Edge Petrol – visualising your forecourt; Christie & Co – outlook on the value ...
-
NewsPolice ’victim-blaming’ petrol retailers over crime, says PRA
Police should be honest that they are struggling to deliver their commitment to reduce crime, instead of ‘victim blaming’ petrol retailers, according to PRA chairman Brian Madderson. He was responding to comments made by Simon Cole of the National Police Chiefs’ Council (NPCC) that petrol retailers are inviting criminality by ...
-
NewsPrax Group adds HKS to growing forecourt estate
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 ...
-
NewsPRA wins confirmation that rates relief applies to sector
The PRA has obtained written confirmation from the Treasury that petrol filling stations are covered by the Small Business Rates Relief scheme announced by the Chancellor in the Budget earlier this week. Philip Hammond announced that the business rates bill for companies with a rateable value of £51,000 or less ...
-
NewsPRA seeks confirmation on rates relief cuts announced in Budget
The PRA is seeking urgent confirmation from the Treasury that petrol filling stations will be eligible for Small Business Rates Relief. In this afternoon’s Budget, the Chancellor Philip Hammond confirmed that the business rates bill for companies with a rateable value of £51,000 or less would be cut by ...
-
NewsPRA and CWA call for HMRC crackdown on tax dodgers
The PRA and CWA (Car Wash Association) have made a joint submission ahead of this autumn’s budget, calling for a crackdown by HM Revenue & Customs (HMRC) on businesses not paying their taxes. Brian Madderson, chairman of the PRA and CWA said: “The Chancellor must use the upcoming budget to ...
-
NewsPRA chairman explains reason for petrol/diesel price disparity
A combination of factors have led to the growing disparity between petrol and diesel prices, according to the PRA chairman Brian Madderson. He said: “Following the steep rise in diesel prices, drivers are now paying 5ppl more to fill up, as a gap opens up at the pump between unleaded ...
-
NewsPRA arranges Scottish business breakout event in Stirling
The PRA has arranged a Business Breakout in Scotland at Stirling Court Hotel, University of Stirling, Airthrey Road, Stirling, on Thursday October 25. Presentations will include: PRA – market update; Edge Petrol – visualising your forecourt; Christie & Co – outlook on the value of petrol filling ...
-
News
Fuel duty freeze annoucenment welcomed by PRA
Associations representing the forecourt trade and drivers have welcomed the announcement that duty on fuel will be frozen for a further year. Speaking at the Conservative Party Conference in Birmingham, the Prime Minister said: "Some have wondered if there would be a thaw in our fuel duty freeze this year. ...
-
NewsPRA welcomes decision to freeze fuel duty for another year
Associations representing the forecourt trade and drivers have welcomed the announcement that duty on fuel will be frozen for a further year. Speaking at the Conservative Party Conference in Birmingham, the Prime Minister said: “Some have wondered if there would be a thaw in our fuel duty freeze this year. ...
-
NewsStaff and police praised after Sewell on the go robbery
Patrick Sewell, director of Top 50 Indie Sewell on the go, has praised staff and police over the way they have dealt with a robbery. A Humberside Police spokeswoman said a call was received at 2.45am on Monday September 17 reporting there had been a robbery at a petrol service ...
-
NewsPRA arranges business breakout event at Haydock Park
The PRA is staging a Business Breakout at Haydock Park Racecourse, Newton-le-Willows, Merseyside, on Wednesday October 10.Presentations will include: Petrol Retailers Association – market update; Edge Petrol – visualising your forecourt; Christie & Co – outlook on the value of petrol filling stations; Global MSI – forecourt structures, installation and ...
-
Analysis
Brian Madderson: PRA chairman
If the Road to Zero plan finally published by the Department for Transport (DfT), the Clean Air Strategy published by the Department for Food, Rural Affairs and Environment (DEFRA) together with the demonisation of diesel were not sufficient worries for the UK fuels retailing industry, the proposed £12bn merger of ...
-
NewsPRA arranges business breakout event in Harpenden
The PRA is staging a Business Breakout at The Hive Conference Centre, Rothamsted Manor, Harpenden, on Thursday September 20. Presentations will include: Petrol Retailers Association – market update; EdgePetrol – visualising your forecourt; Christie & Co – outlook on the value of petrol filling stations; Instavolt ...
-
News
PRA’s anger over E10
The PRA has reacted angrily to a new government consultation on whether E10 fuel should be introduced.PRA chairman Brian Madderson said: "PRA has been entirely consistent throughout previous dialogue with government in consultation submissions, roundtable meetings with ministers including Jesse Norman MP, correspondence with ministers including Jesse Norman MP ...
-
Analysis
Ray Blake: PRA technical director
A question about EV charging was raised recently at the Petroleum Enforcement Liaison Group (PELG) where I have just been made the first chairman to be appointed from ’industry’ rather than from ’enforcement’. The question was ’Who would enforce EV charging and how would they know if any had been ...