Speedy hails progress as profits jump

TOOL and equipment hire group Speedy Hire has achieved revenue of £375m, a rise of 7.2% (2014: £349.7m) and a 50% increase profits to £21.9m (2014: £14.6m).

However, that performance was delivered before the impact of a £17.1m bill for exceptional items as the Newton-le-Willows-based group has continued to restructure its UK depot network and exit from the Middle East ahead of schedule.

The reconfiguration of the home depot network was accelerated during the year and onerous lease provisions cost the comp... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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