Samy Group fuels growth with HSBC backing

A convenience store and forecourt operator is accelerating its national growth strategy after securing multi-million-pound backing to expand its portfolio.

The Samy Group has secured £15 million in funding from HSBC UK to support the growth of its convenience stores and petrol filling stations across the Midlands and North East.

The company operates sites for brands including Londis, Morrisons and Budgens and currently manages 64 locations nationwide.

Bosses say the latest funding package will help the company expand to more than 100 sites by 2028 through further acquisitions and investment.

The deal will also support the refinancing of intercompany loans and improvements to existing stores following a period of rapid growth.

Mohan Palanisamy, owner of Samy Group, said: “This is our first external investment, and while the business has been growing strongly, this funding will significantly accelerate our ability to scale sustainably. 

“It will also allow us to enhance the efficiency of our existing operations through a programme of store upgrades. 

“With the support of HSBC UK, we now have the capital to pursue larger acquisitions and strengthen our position as a major convenience store and PFS operator.”

Zareen Smith, global relationship director at HSBC UK, added: “This funding represents a fantastic opportunity for Samy Group at a time when consumer shopping habits continue to evolve. 

We look forward to supporting the team as they pursue further acquisitions and build on their already impressive portfolio.”

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