Name: Oliver Morgan
Company: Universal fuels
Having raised £200,000 for his oil supply business Universal Fuels, 20-year-old Oliver Morgan has big ambitions
Oliver Morgan was a teenager when he founded Universal Fuels in 2009; today the firm supplies petrol, diesel, gas and kerosene to businesses and homes direct from refineries. Oliver has recently become the youngest entrepreneur to raise finance through crowdfunding platform Crowdcube, after securing £100,000 in equity funding.
This finance will help him realise his ambition to make Universal Fuels, which is on track to turn over more than £600,000 this year, the recognised “market leader in customer service across the downstream oil, gas and electricity industries,” as well as to take the business past the £100m turnover mark within the next few years. By which time, he adds, “I’d hope that I have a few million myself and will be ready to risk it all in a new venture”.