The State Oil Group, founded in 2000, is one of the leading and fastest growing independent importers and suppliers of automotive and industrial fuels in the United Kingdom. The Group has been growing at an extremely impressive pace, achieving a revenue CAGR of 100% in the last two years and it is forecast to nearly double revenues again for the current financial year.
The Group’s expertise in commodities and derivatives trading, combined with its strong sales and customer service team, has allowed it to firmly establish itself as a leading presence in the UK wholesale market under the Prax Petroleum brand. In addition, in the retail sector, the Group is represented by State Oil which administers ten fuel service stations in the UK. State Oil’s aim is to provide a high quality retail experience on each of its forecourts, driven by a commitment to excellent customer service and the provision of value added services including convenience retail and fast food.
The Group’s impressive growth rate saw it featured as the 9th fastest growing private company in the 2010, Sunday Times Fast Track 100 (a league table that ranks Britain's 100 fastest growing private companies). In addition, the Group has recently featured in the 2010 ‘Top Track 250’ which ranks Britain’s leading mid-market private companies.