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NASH BUSINESS CAPITAL ANNOUNCES AN INVESTMENT IN MUMBLES PETROL & CONVENIENCE HOLDINGS

MUMBLES PETROL & CONVENIENCE HOLDINGS

Nash Business Capital Ltd, in conjunction with investment arranged by Nash & Co Capital Ltd, has provided up to £10,500,000 of growth capital to Mumbles Petrol & Convenience Holdings Ltd (‘Mumbles’), a developer and owner of UK freehold petrol filling stations (‘PFS’) and standalone convenience stores. Mumbles, founded by Simon Arber and Dominic David, acquires existing trading PFS and convenience stores, redevelops the sites from the ground up and leases them to nationally recognised retailers such as Co-op and BP/M&S. The new funds will finance a development pipeline of sites across England and Wales.

Convenience stores have been one of the fastest growing areas of UK retail, demonstrating robust like-for-like growth throughout 2020 and early 2021 despite lockdown restrictions. With their expanded retail footprint and brand-new infrastructure, Mumbles’ sites are designed to serve both the convenience shopper and motorist alike with a broad range of facilities, such as electric charging points, click & collect, car valeting, food-to-go and premium branded groceries.

For more information, please contact:
Alex Buchanan: abuchanan@nashcg.com
Nash Business Capital Limited
Dominic David: dominicd@mumblesgroup.com
Mumbles Petrol & Convenience Holdings Limited

MUMBLES PETROL & CONVENIENCE HOLDINGS

Nash Business Capital Ltd, in conjunction with investment arranged by Nash & Co Capital Ltd, has provided up to £10,500,000 of growth capital to Mumbles Petrol & Convenience Holdings Ltd (‘Mumbles’), a developer and owner of UK freehold petrol filling stations (‘PFS’) and standalone convenience stores. Mumbles, founded by Simon Arber and Dominic David, acquires existing trading PFS and convenience stores, redevelops the sites from the ground up and leases them to nationally recognised retailers such as Co-op and BP/M&S. The new funds will finance a development pipeline of sites across England and Wales.

Convenience stores have been one of the fastest growing areas of UK retail, demonstrating robust like-for-like growth throughout 2020 and early 2021 despite lockdown restrictions. With their expanded retail footprint and brand-new infrastructure, Mumbles’ sites are designed to serve both the convenience shopper and motorist alike with a broad range of facilities, such as electric charging points, click & collect, car valeting, food-to-go and premium branded groceries.

For more information, please contact:
Alex Buchanan: abuchanan@nashcg.com
Nash Business Capital Limited
Dominic David: dominicd@mumblesgroup.com
Mumbles Petrol & Convenience Holdings Limited

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