December 21, 2011
LEADING Hull fuel company Rix Petroleum has ranked 59th in this year’s Sunday Times HSBC Top Track 250 – four places higher than when it last featured in 2009.
The fifth-generation family business, based on Spyvee Street, east Hull, turned over in the last financial year, making it the highest ranking East Yorkshire firm to make the list. Managing Director, Rory Clarke, said he was delighted with the news, which saw the company move up from 63rd place in 2009.
“Rix Petroleum has been trading steadily throughout the year and we have opened a number of new depots across the country to extend our geographical reach,” he said. “Despite challenging economic conditions, we are pleased with the performance of the business and expect this to continue into 2012.”
Rix Petroleum is the largest of the J.R. Rix & Sons Ltd group of companies, which range from ship building and shipping to caravan manufacturing, fuel and car sales. The company retails petroleum products through Yorkshire, Lincolnshire, the Midlands, the east coast of Scotland and East Anglia.
The Sunday Times HSBC Top Track 250 ranks Britain’s top 250 mid-market privately owned companies in order of sales revenue. Owners and directors learned of their position in the league table at an awards dinner held at London’s Jumeirah Carlton Tower Hotel on October 13th. Speakers on the night included Rupert Soames, Group Chief Executive Officer of Glasgow-based power equipment company Aggreko PLC, and a Q&A with Johnnie Boden, founder and Chairman of fashion retailer Boden.
Despite difficult trading conditions 215 out of the 250 companies in the league table increased their sales, and 170 improved their operating margins over the last financial year, according to Top Track. Companies included in the list generated profits of £4.8bn from sales of £71.2bn over that period – the equivalent to 5% of GDP.