What Roadside Real Estate does

Roadside Real Estate plc is a London-listed (AIM: ROAD) real estate investment and development company headquartered in Abingdon, Oxfordshire. Formerly known as Barkby Group plc, it rebranded in December 2023 to reflect a strategic focus on acquiring, owning and operating multi-fuel roadside destinations with place-based retail infrastructure across the UK. Its portfolio comprises wholly-owned freehold and long-leasehold petrol filling station forecourts (currently 20 sites following the Hoch Group acquisition in April 2026), a separate joint venture with Meadow Partners LLP targeting a £250m+ portfolio of roadside and retail assets, and a legacy minority stake in Cambridge Sleep Sciences Ltd. Sites are tenanted by national fuel brands (BP, Texaco, Valero), convenience retailers (Budgens, Londis, Spar, Morrisons Daily), quick-service restaurant and coffee operators (Costa, Starbucks, Greggs, Burger King, Subway, Wendy's, Wagamama, Nandos, TGI Fridays), and supermarkets (Lidl on 25-year leases, Aldi), with EV charging infrastructure integrated via partnerships with Gridserve, PoGo Charge, Raw, Be Ev and Tesla.

The business model is a roll-up of fragmented UK forecourt and roadside retail real estate, funded through a combination of post-IPO equity placings (most recently £20.75m at 60p/share in February 2026), debt facilities (£35m from Tarncourt Properties and £25m revolving credit plus £10m accordion from HSBC), and asset-backed rental cash flow from long-term index-linked leases. Revenue mechanics combine rental income (managed services model) with operational fuel sales income at wholly-owned sites — recent acquisitions include Hoch Group (£68.8m revenue, £2.7m adjusted EBITDA, year to 31 March 2025) and Gardner Retail (£33.9m revenue, £2.1m adjusted EBITDA, year to 31 July 2025). Growth is execution-led through acquisitions rather than proprietary technology: there is no disclosed platform, AI/ML capability or software product, and competitive advantage is grounded in management expertise (ex-BP VP Europe Convenience, ex-CBRE Head of Strategic Asset Management), capital access, and the difficulty of replicating prime arterial roadside locations in a supply-constrained market.

Customers are split between two B2B tiers — enterprise tenants (national fuel, convenience, QSR and supermarket brands paying rent on multi-year leases) and, indirectly, motorists and commuters purchasing fuel, food and EV charging at sites — plus institutional investors accessed via AIM regulatory disclosures and RNS announcements. Pricing is not publicly disclosed because leases are negotiated individually, but the rental structure is predominantly recurring with index-linked escalators. The company is led by CEO Charles Dickson (also a 23.6% shareholder via the Dickson family office) and was recently strengthened by the appointment of David Phillpot, former BP VP Europe Convenience, as COO.

Name

Roadside Real Estate

Legal name

Roadside Real Estate plc

Website

https://roadsideplc.com

Company type

Public

Operating status

Operating

Headcount range

101–250 employees

Short description

Roadside Real Estate plc is an AIM-listed UK real estate company that acquires, owns and operates multi-fuel roadside destinations — petrol forecourts, convenience retail and EV charging hubs — serving national fuel brands, QSR operators and motorists across 20 wholly-owned sites plus a Meadow Partners joint venture.

Ownership category

akta.pro rank

Product category

Roadside Real Estate Investment

NAICS

Real Estate Property Managers (53131), Other Activities Related to Real Estate (531390)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Truck Terminals & Transportation Facilities Brokerage (BPAJACAG)

akta.pro secondary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Roadside real estate
• Petrol forecourt acquisition
• Convenience retail property
• Asset management services
• EV charging infrastructure

Headquarters

HQ city

Abingdon

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Property Rental and Asset Management: Roadside Real Estate generates revenue through owning and operating petrol filling stations and convenience retail sites. The company earns rental income from tenants operating convenience stores (Budgens, Londis, Spar, Morrisons Daily), fuel brands (BP, Texaco, Valero), and food service operators. Sites feature a mix of Drive Thru, convenience food, trade counter, and EV charging facilities. Revenue is primarily recurring through long-term leases with index-linked rent increases.
2. Fuel Sales Income: The company benefits from petrol station operations that generate fuel sales volumes. Sites like Ross Road handle approximately 4.5 million litres of fuel annually with profit before tax of £373,000. Revenue includes both rental income and operational contributions from wholly-owned sites.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Roadside Real Estate plc acquires, owns, and operates multi-fuel roadside destinations with place-based retail infrastructure, including petrol filling stations, convenience retail stores, food service outlets, and ultra-fast EV charging facilities. The company pursues an M&A-driven UK energy forecourt roll-up strategy, leasing space to convenience store operators (Budgens, Londis, Spar, Morrisons Daily), fuel brands (BP, Texaco, Valero), and food service tenants under long-term agreements. Asset management and development services are provided through both a wholly-owned portfolio of 19 sites and a Meadow Partners LLP joint venture targeting a portfolio worth over £250 million.

Product overview

Roadside Real Estate is a London-listed roadside retail property investor and developer focused on acquiring, owning, and operating multi-fuel roadside destinations with place-based retail infrastructure. The company operates two main portfolio types: wholly owned petrol filling stations (including BP, Texaco, and Valero brands with convenience stores such as Budgens, Londis, Spar, and Morrisons Daily) and a joint venture with Meadow Partners LLP for larger-scale development opportunities. Services include asset management and development of roadside schemes. The company also holds a legacy investment in Cambridge Sleep Sciences Ltd. EV charging infrastructure (via partners Gridserve, PoGo Charge, Raw, Be Ev, and Tesla) is integrated into the portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Fuel Roadside Destinations Acquisition, ownership, and operation of multi-fuel roadside destinations with place-based retail infrastructure, including petrol filling stations, convenience retail, food service, and modern EV charging facilities. Targeted at UK motorists, commuters, and corporate tenants including fuel brands and convenience retailers.
• Wholly Owned Petrol Filling Station Portfolio Directly owned petrol filling station sites across the UK leased to fuel brand operators (BP, Texaco, Valero) and convenience store operators (Budgens, Londis, Spar, Morrisons Daily). Portfolio includes sites such as Austin Drive (Coventry), Cheltenham Service Station, East End Services (Cheltenham), Huntley Services (Gloucester), Trowbridge Lodge Services, and multiple Cumbria-based locations.
• Asset Management Services Professional asset management services engaging with tenants and occupiers to understand growth plans and deliver high-quality, high-amenity developments. Services cover investment management, occupier engagement, and value creation across wholly owned and JV roadside portfolios.
• Development Services Sourcing and developing roadside schemes delivering a high-quality mix of convenience-orientated trade and retail uses, including quick food service, retail warehouses, logistics, leisure, and industrial developments for corporate tenants and occupiers.
• Meadow Partners Joint Venture Portfolio Co-investment vehicle with Meadow Partners LLP targeting a modern roadside and retail portfolio worth over £250 million through acquisition, asset management, and development including EV charging infrastructure opportunities. Holdings include a 12-store Lidl portfolio on 25-year leases, Etruria Mills in Stoke-on-Trent, Forton Road in Gosport, Brampton Hut in Huntingdon, and Aldi Rheims Way in Canterbury.

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and supporting.

• Meadow Partners LLPcoreStrategic or Co-development PartnerFormation of a well-capitalized joint venture vehicle with Meadow Partners LLP capable of rapidly deploying investment in target roadside and retail assets. The JV intends to create a modern portfolio worth over £250 million through acquisition, asset management and development, including EV charging infrastructure opportunities across the portfolio.
• GridservesupportingTechnology or IntegrationEV charging partner providing ultra-fast electric vehicle charging infrastructure at Roadside sites. Listed as one of the company's EV charging partners on the services page.
• PoGo ChargesupportingTechnology or IntegrationEV charging partner providing electric vehicle charging infrastructure. Listed as one of the company's EV charging partners.
• Raw (Raw Electric)supportingTechnology or IntegrationEV charging partner providing electric vehicle charging solutions. Listed as one of the company's EV charging partners.
• Be EvsupportingTechnology or IntegrationEV charging partner. Listed as one of the company's EV charging partners on the services page.
• TeslasupportingTechnology or IntegrationEV charging partner providing Tesla Supercharger infrastructure or compatible charging solutions. Listed as one of the company's EV charging partners.

Scale indicators10 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• Tesco (UK petrol stations): Operates one of the largest UK supermarket-anchored petrol station networks; broad incumbent peer given Morrisons Daily and similar convenience-anchored forecourt formats at Roadside sites.
• Shell UK Retail: Major fuel brand and forecourt operator in the UK; comparable as an incumbent tenant/counterparty on many of Roadside's sites and as a broad operator in the same roadside real estate category.
• BP Retail (bp pulse): One of Roadside's anchor fuel-brand tenants and the source of the COO's pedigree; operates thousands of branded UK sites and is investing heavily in EV charging (bp pulse), making it a direct strategic counterparty and broad incumbent peer.
• Sainsbury's (forecourt operations): Operates a UK supermarket and petrol forecourt estate; comparable to Roadside as a major UK food and fuel retailer with roadside real estate exposure.

Direct peers

• Motor Fuel Group (MFG): Largest independent forecourt operator in the UK with ~900 sites; directly comparable to Roadside as a multi-brand petrol and convenience retail platform pursuing a roll-up strategy with EV charging integration.
• Extra MSA Group: Owner-operator of UK motorway service areas; comparable to Roadside's roadside real estate investment model with long-lease food and fuel brands.
• Welcome Break: UK motorway service area operator with multiple food and retail brands; comparable to Roadside's JV site at Brampton Hut which features a similar mix of Costa, Starbucks, Greggs, Burger King, Subway and Wendy's.
• EG Group: Major UK and global forecourt and convenience retail operator; comparable as a private/PE-backed roadside real estate and fuel retail consolidator with branded foodservice and EV charging.
• Applegreen plc: UK and Irish roadside retail and fuel operator with a focus on motorway service areas and forecourts; closest pure-play listed comparables for roadside property investment with multi-format retail.
• Moto Hospitality: UK's largest motorway services operator, recently acquired by Transport for Wales and forward-sold; directly comparable to Roadside's roadside destination model with food, retail and EV charging at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/roadsideplc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Roadside Real Estate