Wales’ leading independent fuel supplier is celebrating a record-breaking year after announcing a 10per cent rise in turnover in its latest financial results.

Oil 4 Wales saw turnover rise to £113.9m in 2017/18, up from £103.3m the previous year.

The family-run business also recorded a pre-tax profit of over £600k.

The national oil company, run by a family team including father Colin Owens his wife and two children, continues to successfully supply 70,000 domestic and commercial customers throughout Wales.

Oil 4 Wales, which has seven depots across Wales and owns four filling stations, is currently developing its Carmarthen HQ and investing £400,000 in its petrol station in Nantycaws.

A new café and tourist shop is being built at the station on the A48, one of the busiest stretches of road in west Wales.

When fully opened later this year, the new development for locals and tourists will stock a wide range of local Welsh produce.

Managing director Colin Owens said: “We are pleased with the latest financial figures that reflect the hard work and commitment we have put in over that 12-month period.

“We’re a proud Welsh business with the local community at the heart of what we do. That will only be strengthened by these latest financial results,” he added.

Mr Owens also clarified the situation in Tenby where Oil 4 Wales was forced to close a station last year.

“Due to planning being given to a large supermarket chain directly behind the station, we saw a drop in sales by 30 per cent” he said.

“Coupled with high rent costs, we had no choice but to close the site. We were very disappointed by the difficult decision we had to make, but remain committed to supporting the community in Tenby with a range of our services.”