Roadside Real Estate

Roadside Real Estate plc has a clear ambition: to build a large-scale portfolio of modern energy forecourt and roadside retail assets across the UK. In the six months to June 2026, it announced four acquisitions. That pace of execution reflects both the opportunity in a fragmented market and a management team that knows how to move.

The UK forecourt sector is large and consolidating. Worth £23.2bn, it comprises over 8,300 sites – but outside the largest nine operators, no single business runs more than 50. For many smaller operators, the capital required to deploy EV infrastructure and realise the benefits of scale remains out of reach. That is the consolidation opportunity Roadside is built to capture.

Roadside is listed on AIM and has undergone a significant strategic transformation in recent years, disposing of non-core assets to concentrate entirely on the forecourt opportunity. With a stated target of 200+ sites, the business has assembled a management team with deep sector experience – including Chief Operating Officer David Phillpot, who joins from BP where he led the Convenience business across eight markets and over 3,500 stores, having previously held senior roles at M&S.

Over six months, Cavendish supported Roadside across the full range of its corporate activity. On the acquisitions side, that meant advising on four transactions – Gardner Retail Ltd, D.A. Roberts Fuels Ltd, Hoch Group Ltd and a further freehold petrol filling station – with a combined value of £61.2m. Alongside this, Cavendish raised £20.75m in new equity and our Debt Advisory team arranged £35m of new facilities, including a £25m HSBC revolving credit facility with a £10m accordion, providing the funding structure to sustain the next phase of growth.

Matt Goode, Head of Consumer at Cavendish commented:

“Roadside is a very ambitious client, with a stated aim of building a portfolio of 200+ energy forecourt retail assets. We are delighted to have helped them start that journey and look forward to supporting the team as they continue to execute on their growth strategy.”