Hot 100 2013 – 22: Forelle Estates Holdings

The basics

Company name: Forelle Estates Holdings
What they do: Property developer and petrol station operator
Headquarters: Glasgow
The Boss: Mike Price

The financials

Latest turnover (£,000): 12,536
Four-year compound sales growth (%): 48
Latest Ebitda (£,000): 2,956

The details

Forelle Estates has grown very quickly, from £3.9m to £12.5m of sales in four years, thanks to its two-pronged investment strategy. The company is split between an impressive property portfolio and the company’s petrol station operations, under the Peregrine Retail brand.

In the last year, Forelle’s property portfolio benefited from the economic downturn, as the company’s chairman, Robert O’Connell, explains: “The virtual absence of significant new building and lack of finance for speculative development did, to some extent, help support the letting of existing properties. But new potential tenants were very aware of their strong bargaining position when it came to negotiating contracts.”

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