20= GRAHAM PEACOCK
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.