Crown Oil set to achieve £200m revenues
Crown Oil, which is based in Bury, is on track for revenues of £200m in the year to August. The family firm, which was established over 65 years ago, supplies homes and businesses with oil and energy. Income has jumped from £157m last year when the company filed pre-tax profits of £3.8m, down 7%. It has not given a profit forecast for the past year’s trading. Increased revenue reflects a period of expansion for the group which saw it open a depot in Doncaster in 2011 and its first depot in the south earlier last year to service London. It has since opened another in east London and is planning more. Managing director Matthew Greensmith said: “What is encouraging is that the growth has been mostly organic. We did acquire the brand and key intellectual property of the Burnley fuel and lubricant distributor Samuel Cooke & Co last year, but this has been just one element in the picture. “All our divisions are performing well and this is a tribute to our staff and the service ethic that drives the business. We are really a service business that just happens to sell oil.” Staff numbers have grown from 130 to 200 since last year.
This was posted in Bdaily's Members' News section by Simon Malia .