Motor Fuel Group
TypePrivate
IndustryOil and gas
PredecessorMRH
Headquarters
St Albans
,
UK
Area served
UK
ProductsPetrol and diesel
Websitemotorfuelgroup.com

Motor Fuel Group (styled as mfg, officially Motor Fuel Limited) is the largest independent operator of petrol stations in the United Kingdom with 911 sites.[1] The company is based in St Albans and owned outright by Clayton, Dubilier & Rice.

History

The former Q8 brand in Yorkshire

The company formed via a series of mergers of smaller operators. Malthurst acquired 75 sites branded Q8 from Kuwait Petroleum Corporation in 2004.[2] Malthurst and Refined Holdings (which used the Pace brand)[3] merged into MRH.[4] MFG acquired MRH with its 500 sites in 2018.

The former Pace brand in Warwickshire.

Brands and services

Most MFG sites all use third party brands, namely BP, Shell, Esso, Texaco, JET and Murco.

MFG has also opened electric vehicle charging forecourts at its Putney and Stretford sites.[5] The rollout has been viewed as a considerable success by EV drivers, and was named joint best UK charging network by Zap-Map users in December 2022. [6] By September 2023, MFG had opened over 500 Rapid and Ultra Rapid Electric Vehicle chargers across its network, with an aspiration to install 3000 across its 900 forecourt sites by 2030. [7]

Finances

In 2020 MFG company had revenue of £3,308 million with an operating profit of £249 million.[8]

In June 2021 MFG's fungible add-on was set at £65 million with a margin of SONIA+CAS+475 bit/s and a 99.75 OID.[9]

References

  1. ↑ "Shell agrees to sell 185 petrol stations to independent operators". The Guardian. 2015-04-13. Retrieved 2022-11-11.
  2. ↑ "Kuwait sells Q8 petrol stations". The Guardian. 2004-09-02. Retrieved 2022-11-11.
  3. ↑ "MRH - motorway services". Motorway Services Online. Retrieved 2022-11-11.
  4. ↑ "UK's Motor Fuel Group acquires rival MRH for £1.5bn". www.petrolplaza.com. Retrieved 2022-11-11.
  5. ↑ Current News https://www.current-news.co.uk/news/mfg-opens-flagship-150kw-ev-charging-station
  6. ↑ https://www.fleetnews.co.uk/news/latest-fleet-news/electric-fleet-news/2022/12/20/fastned-and-mfg-ev-power-named-best-charging-networks-in-zap-map-survey
  7. ↑ https://forecourttrader.co.uk/latest-news/mfg-passes-milestone-of-500-ultra-rapid-ev-charger-installations-/683353.article
  8. ↑ Firefly Annual Report https://www.motorfuelgroup.com/wp-content/uploads/2016/10/CDR-Firefly-Holdco-Financial-Statements-2020.pdf
  9. ↑ "Update 2: Motor Fuel Group Fungible Add-On Set at £65M".
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