Morpeth based Khizer Ltd, a firm with a portfolio of petrol stations across the North East led by local entrepreneur Khizer Khan, is to expand further with the purchase of a third petrol retail unit following £560,000 in funding from Santander Corporate & Commercial.
A family owned business that currently runs two successful petrol stations in Nedderton, Northumberland and Moor Lane, South Shields, Khizer works in partnership with leading global energy brands Esso and Gulf. The business is actively looking to increase its portfolio, and is to expand with the acquisition of a third petrol retail unit in Wallsend, Tyne and Wear. This latest acquisition will see the creation of at least five new jobs.
Khizer Ltd has a target of increasing its portfolio to a minimum of five stations across the North East over the next two years, and this new funding and latest procurement has helped the firm on its mission to become a leading competitor in the North East.
Khizer Khan, Managing Director, Khizer Ltd, said “Our business has developed real momentum and we are excited about our plans to expand further. We are grateful for the support from Santander which has been extremely helpful in understanding our ambitions and taking into account our individual needs.”
Mark Dolphin, Relationship Director, Santander Corporate & Commercial, said “Khizer Ltd has plans to expand and out compete in its chosen sector. It is a great local success story and we are delighted to be able to support its growth. We have been impressed by the business plan and strategy from the management, and are confident the business will meet its aspirations.”
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors
For media enquiries regarding Khizer Ltd, please contact Khizer Khan on 07507 870356
For Santander Corporate & Commercial media enquiries, please contact:
Bijal Tanna 020 7756 4189 Mobile: 07860 259 217
Andy Smith 020 7756 4212 Mobile: 07824 473 338
The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.
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