Essex Life - - RICHEST 50 -

Fuel Re­tail­ing 2018: £200m 2017: £200m (17th=)

Gra­ham Pea­cock has moved into buses hav­ing made his for­tune in petrol sta­tions. He sits on the board of Ro­tala, a stock mar­ket listed com­pany that pro­vides bus ser­vices for lo­cal au­thor­i­ties, busi­nesses and other or­gan­i­sa­tions. He also has a £1.5m stake there. But this is small beer be­side his petrol re­tail­ing for­tune. Pea­cock started work­ing in petrol sta­tions in his late teens, but it was not un­til his late 40s that he started his own business. He and his business part­ner Su­san Tobbell set up their petrol sta­tion op­er­a­tion in 1997 with just £1,000 of sav­ings. By the time they sold MRH (GB) in early 2016, the Ep­ping-based business had 450 out­lets gen­er­at­ing an­nual sales of more than £2bn. Most of these out­lets were branded as BP, Esso or Torq fill­ing sta­tions. Pea­cock served as chief ex­ec­u­tive and owned a 22% stake in the business. In 2016 a US pri­vate eq­uity op­er­a­tion bought the business for around £1bn and Pea­cock re­tired. Tak­ing ac­count of pre­vi­ous earn­ings, the sale price of his stake and tax, he should eas­ily still be worth £200m.

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