Forecourt empire surges in value over pandemic

The Rontec petrol station business has seen the value of its forecourts surge by nearly £155m to £908m over the last financial year. Before the pandemic, the portfolio was valued at around £720m, according to Companies House filings from Rontec's parent company GMR Capital. The filings show that the business, owned by property tycoon Gerald Ronson, made revenue of £1.2bn and pre-tax profits of £64.2m in the 12 months to the end of September 2021, up from £1.1bn and £42.2m the previous year. In 2019 GMR reported revenue of £1.3bn and a pre-tax profit of £73.5m.

The Times