Hot 100 2012 – 6: State Oil

The basics

Company name: State Oil
What they do: Oil importer and auto fuel supplier
Headquarters: St Albans
The boss: Sanjeev and Arani Soosaipillai

The financials

Latest turnover (£,000): 419,681
Four-year compound sales growth (%): 77
Latest Ebitda (£,000): 3,008

The details

Through its sub-brand Prax Petroleum, State Oil is one of the largest petrol and diesel blenders and distributors in the country. The Surrey firm then sells on the fuel to companies such as Stagecoach, National Express and Royal Mail. The Stagecoach contract alone is worth £30m a year over three years. State Oil also dabbles in the forecourt management business. 

Run by husband and wife team Sanjeev and Arani Soosaipillai, State has benefitted from rising fuel prices, and its expertise in blending biofuels into the fossil fuel mix. Sales are £419.7m. The Soosaipillais own 100 per cent of the firm.

The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.

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