Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Equipment rental boosts Speedy Hire

Tool hirer Speedy Hire reaped the rewards of its burgeoning equipment hire businesses as profits and turnover leapt again at the firm.
Chief executive Steve Corocan said that the four businesses - Space, Power, Lifting and Survey - produced record results and accounted for 38 per cent of Speedy Hire's turnover.

Mr Corocan said: 'Last year saw a step change in the performance of the equipment rental businesses.'

Group sales increased 21 per cent from £170.2 million to £206.5 million in the year to March. Pre-tax profits rose to £23.8 million, up 12.4 per cent from last year's £21.2 million.

The equipment rental businesses specialise in accommodation and storage, portable generation, lightweight lifting and specialist surveying and measurement instrumentation.

Speedy said that the businesses have 'very attractive prospects' and operate in markets worth around £2 billion.

The board announced a final dividend of 8p - making 12.3p for the year and 17 per cent up on 2004.

Related links:

Latest News index

Contact the newsdesk