UK forecourt operator secures $19m HSBC funding to double its network
Published on: May 17, 2026
Move aims to grow portfolio of convenience stores and stations from 64 to more than 100 sites by 2028.
UK-based Samy Group has secured $19 million in financing from HSBC UK to fund an expansion that aims to grow its portfolio of convenience stores and petrol filling stations from 64 to more than 100 sites by 2028.
The Teesside-headquartered operator runs locations across the Midlands and North East under brands including Londis, Morrisons Daily and Budgens. The funding will support acquisitions, the refinancing of intercompany loans, and improvements to existing stores following a period of rapid growth.
Mohan Palanisamy, owner of Samy Group, said the deal marks the company's first external investment. "This funding will significantly accelerate our ability to scale sustainably," he said. "With the support of HSBC UK, we now have the capital to pursue larger acquisitions and strengthen our position as a major convenience store and PFS operator."
Zareen Smith, global relationship director at HSBC UK, cited shifting consumer shopping habits as a key factor in the bank's decision to back the group. "We look forward to supporting the team as they pursue further acquisitions and build on their already impressive portfolio," she added.
The most recent accounts for Samy Limited show revenues of $50 million in the year ended June 2024, up from $44.9 million the prior year, with operating profits rising to $2.3 million.
