Euro Garages doubles site count with new finance package

Euro Garages, the independent forecourt retailer, has agreed a new finance package to support its acquisition of 172 new sites.

Lloyds Bank Commercial Banking’s Manchester-based Mid Markets team has supplied revolving credit facilities and term loans, along with one-third of a two-year term loan bridge facility.

The business reported revenues for the 2014 financial year of £646m, and holds the preferred roadside partner agreement with Starbucks in the UK to operate its drive-through sites, as well as enjoying strategic partnerships with Subway, Greggs and Burger King to offer forecourt retail space.

“With the support of Lloyds Bank and our other banking partners, we are set to become the second largest independent forecourt retailer in the UK, bringing our best-in-class convenience offer and brand partnerships to more customers across the UK while they fill up at the pump.”

"This is in part down to the growth in the number of vehicles on the road and the consolidation of the petrol forecourt sector, as well as the increased demand from consumers for retail convenience for groceries and food-to-go, which the management team has capitalised on by developed partnerships with premium brands to encourage footfall and sales. “We have worked closely with Euro Garages for almost a decade, and leading the charge in this new funding deal reaffirms our commitment to their future success.”

Enjoyed this? Read more from Lancashire Business View

Latest news

1

County council chief executive set to depart Angie Ridgwell

County council chief executive set to depart

12 Jun 2024

2

Acquisitions bolster Chorley investor's neuro rehab offering Handl Group

Acquisitions bolster Chorley investor's neuro rehab offering

12 Jun 2024

3

Root Fifty-Two welcomes fresh talent to its web development team IMG_2400.jpg.jpg

Root Fifty-Two welcomes fresh talent to its web development team

13 Jun 2024

4

Leading video production company rebrands proper-logo-white-purple-BG.png.png

Leading video production company rebrands

13 Jun 2024

5

Bowker technician Mick retires after 47 years PXL_20240517_150318098.MP (1)-1024x771.jpg.jpg

Bowker technician Mick retires after 47 years

13 Jun 2024

Lbv116 Ltb Strip980
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

The Business Network Central & East Lancashire
LBV Header (9).png.png
LBV Hub Networking
13 Jun 2024

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

How to Meet the Requirements of the Women's Health Strategy
LBV Hub Webinar
13 Jun 2024

How to Meet the Requirements of the Women's Health Strategy

x, Online, x

12:30 - 13:15

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
13 Jun 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
13 Jun 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
14 Jun 2024

Business Networking in Preston - BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

Chamber Annual Dinner
Chamber Logo1.png.png
LBV Hub Social
14 Jun 2024 - 14 Jun 2024

Chamber Annual Dinner

Morecambe Football Club, Morecambe, LA4 4TB

19:30 - 00:00

Liverpool City Region Business Expo
LCR 22 EXPO IMAGE.jpg.jpg
LBV Hub Exhibitions
14 Jun 2024

Liverpool City Region Business Expo

Exhibition Centre, Liverpool, L3 4DQ

09:00 - 15:00

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
14 Jun 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
18 Jun 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
18 Jun 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
19 Jun 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin