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HSS losses


HSS Hire Services made a £10.1 million loss in its first year of trading following a 3i-backed management buyout in 2004. The loss, up from £6.5 million the previous year, is attributed to exceptional restructuring costs. Turnover increased by 12 per cent to £151 million and gross profit was up 9 per cent to £113,000 in the same period.