Acquisition and growth capital to fund the ownership and development of UK freehold petrol filling stations and standalone convenience stores

Nash Business Capital Ltd is pleased to announce the full exit of its financing of Mumbles Petrol & Convenience Holdings Ltd (‘Mumbles’) in December 2021, having successfully financed the acquisition and redevelopment of 3 petrol forecourts and accompanying convenience retail outlets.

Nash Business Capital Ltd, in conjunction with funding arranged by Nash & Co Capital Ltd, previously entered into a £10,500,000 growth capital financing commitment with 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.

Convenience stores have been one of the fastest growing areas of UK retail, demonstrating robust like-for-like growth throughout 2020 and 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.