Gleaner Oils defies tough market conditions

Gleaner Oils defies tough market conditions

Elgin-based Gleaner Oils, a family owned oil and fuels distribution business, has shrugged off the challenges of the struggling oil and gas industry after a year of solid growth.

Despite the challenging market conditions, the company, a major employer in the north of Scotland, invested heavily in its sites, tanker fleet, IT systems and staffing last year as it began to implement a new five year growth strategy.

The changes saw turnover rise to nearly £173m and operating profit approach £1m in 2015 with the number of staff it employs rising to 190.

Founded in 1954 by Robin Young, and devolving on his death to his two sons, the business was bought outright by his grand-daughter, Jane Scott, and her husband Stephen in July 2014.

The new owners, together with managing director David Todd, have focused on building the foundations for long term sustainable growth of the business and have ambitious expansion plans.

Todd said: “Our business is growing, and we want to grow into new rural areas where there is a need for fuel and oil, and to help those local economies by employing local people. 

“Contributing to local economies and the well-being of their communities was at the heart of the values of the business founded in 1954, and these values still drive the business today.”

Jane Scott added: “We are pleased with the progress made since we took ownership and the direction in which the company is now heading. 

“We receive a lot of support from our suppliers and particularly value the hard work and loyalty of our staff.”

Gleaner Oils owns 10 fuel supply and retail locations stretching from Mull in the West to Cowdenbeath in the East, Aberdeen and Skiach in the North, and supplies many more.

In addition to retail forecourts, it supplies a wide range of products across different business markets – including agricultural, domestic, industrial, marine, petrol and LPG - and has around 16,000 regular business customers.