3 Matthews Way
Seaview
Isle of Wight
PO34 5LU
Solent Fuels, established in 2020 following the legacy of Isle of Wight Fuels, is a vital fuel supplier serving the island’s 18 million litre market with heating oil, farm diesel, and commercial diesel. With a peak turnover of £2.63 million in 2022 and net margins rising to 8.5% in 2024 despite a dip to £1.54 million, we’ve proven our resilience and commitment to the community. However, we face significant challenges: liquidity constraints and restrictive supplier credit policies threaten our operations, risking a Certas Energy monopoly that could increase fuel prices by £180,000 annually, impacting local industries like farming, civil engineering, and transport. We seek the Chamber’s support through networking opportunities, promotional outreach, and potential advocacy to connect us with investors or funding, ensuring we maintain competition, preserve jobs, and drive AI innovation with Solent AI to future-proof our island’s economy.