tiprankstipranks
Advertisement
Advertisement

Roadside Real Estate accelerates forecourt expansion with £28.6m Hoch acquisition

Story Highlights
  • Roadside Real Estate will buy Hoch Group for £28.6 million, adding 12 forecourts and boosting earnings.
  • The deal is funded through new HSBC debt and amended Tarncourt facilities, with asset sale proceeds set to cut leverage.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Roadside Real Estate accelerates forecourt expansion with £28.6m Hoch acquisition

Meet Samuel – Your Personal Investing Prophet

An update from The Barkby Group PLC ( (GB:ROAD) ) is now available.

Roadside Real Estate PLC has agreed a £28.6 million net purchase of Hoch Group Limited, adding 12 petrol forecourts and a standalone convenience store in Northwest England and lifting its estate to 20 sites. The Hoch assets, which sold about 41 million litres of fuel and generated £68.8 million in revenue and £2.7 million in adjusted EBITDA in FY25, are expected to be immediately earnings-accretive and support Roadside’s strategy of scaling a cash-generative, premium forecourt platform.

The acquisition will be funded via a new £25 million revolving credit facility, plus a £10 million accordion, from HSBC alongside additional drawings on an existing Tarncourt facility, with some HSBC proceeds used to refinance a Barclays loan. Amendments to the Tarncourt facility and related secured loan notes, both connected to CEO-controlled Tarncourt, constitute related-party transactions that independent directors have deemed fair and reasonable, while staged proceeds from the sale of Cambridge Sleep Silences Limited are earmarked to reduce net debt and finance further acquisitions.

Spark’s Take on ROAD Stock

According to Spark, TipRanks’ AI Analyst, ROAD is a Neutral.

The score is primarily constrained by weak financial performance (zero revenue in 2025, operating losses, and multi-year negative operating/free cash flow) and bearish technical momentum (below key moving averages with negative MACD). With no P/E or dividend yield provided, valuation contributes a neutral impact.

To see Spark’s full report on ROAD stock, click here.

More about The Barkby Group PLC

Roadside Real Estate PLC is a UK-based energy forecourt real estate business focused on petrol station forecourts and associated convenience retail. Listed on AIM under the ticker ROAD, the company is pursuing a buy-and-build strategy to assemble a premium, largely freehold forecourt portfolio that generates resilient, long-term income and benefits from operational and procurement efficiencies.

Average Trading Volume: 79,335

Technical Sentiment Signal: Buy

Current Market Cap: £105.2M

Find detailed analytics on ROAD stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1