Timothy Allan (Tim) CBE DL FRSE
Tim Allan is a private equity and property entrepreneur with many outside philanthropic interests. He is a founder and shareholder of MFG, the UK’s largest forecourt operator and he owns Tricorn Capital Ltd, a diversified private investment company with venture capital, private equity and commercial property interests. Tim is the Chair of the V&A Museum in Dundee and a former President of Scottish Chambers of Commerce. He has just retired as a member of Court at the University of St Andrews but holds a number of voluntary posts in the University, notably chairing the University Fundraising Campaign, and the new University Business School.
Graduating from St Andrews in 1988, he attended the Royal Military Academy Sandhurst and served in the British Army for 10 years. On leaving the Army, Tim spent 7 years in private wealth management working for first for Citigroup and then UBS with some of the UK’s most prominent entrepreneurs.
He set up Unicorn Property Group in 2006, developing the Dundee waterfront before in 2008, Tim and partners became involved in the fuel forecourt sector and in 2012, they founded Motor Fuel Group (MFG), which has become the largest independent fuel retailer in the UK with a turnover more of over £7bn. Tim is an active shareholder and non-executive director of MFG.
Outside his business, Tim served as a member of the Scotland Committee of the BIG Lottery Fund for 7 years, and was formerly the Chair of Young Enterprise Scotland, the leading business and enterprise education charity in Scotland. He served as President of Dundee and Angus Chamber of Commerce from 2014 to 2016, and president of Scottish Chambers of Commerce from 2017 to 2021.
In April 2010, Tim was awarded The Queen’s Award for Enterprise Promotion and was appointed as a Deputy Lieutenant for Clackmannanshire in 2017. Tim was awarded a CBE in the 2022 New Year’s Honours list. He is a member of The Queen’s Bodyguard for Scotland, the Royal Company of Archers. In 2023, Tim was appointed as Honorary Colonel, C Squadron, the Scottish and Northern Irish Yeomanry. Tim was elected as a Fellow to the Royal Society of Edinburgh in 2025.
Tim is a major donor to a number of Scottish Charities including the National Trust for Scotland, the V&A Dundee, St Andrews University, Dundee University, the National Theatre of Scotland amongst many.
Tim is an active direct investor in 18 different early stage Scottish Technology companies, and a range of other private equity investments including Snappy Shopper and the Eden Mill Distillery in St Andrews, where he is a main board director.




