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Hot 100 2013 – 15: State Oil

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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): 540,560
Four-year compound sales growth (%): 54
Latest Ebitda (£,000): 5,944

The details

Since setting up the business in 2000, husband and wife team Sanjeev and Arani Soosaipillai’s company State Oil has become one of the largest petrol and diesel blenders and distributors in the country, selling fuel to firms including Stagecoach, National Express and Royal Mail.

In addition to doing business through its sub-brand Prax Petroleum, Surrey-based State Oil also does business in the forecourt-management business, administering ten fuel service stations in the UK. Over the last four years, pre-tax profits have nearly tripled, from £2.1m in 2009 to £5.9m last year on a turnover of £540.1m.

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