Customer focus driving return of good times to Speedy

Merseyside tool hire specialist Speedy Hire, which underwent a £180m refinancing process two weeks ago, is benefiting from its recent restructure which have included a better focus on customer satisfaction.

Adjusted profit before tax for the six months to September 30 climbed 58.8% to £10.8m (2016: £6.8m) and revenue, excluding disposals, rose 6.9% to £183.2m (2016: £171.4m).

The listed Newton-le-Willows company said its UK and Ireland business had improved to “better align with the customer proposition and provide improved opportunities for cross selling and operational efficiencies”.

Chief executive Russell Down said: “These results are confirmation of the sustainable progress we continue to make following implementation of our customer focused strategy and a rigorous approach to capital allocation and cost control.

“Our end markets are diverse and remain competitive. The improvements we have made to our operations have enabled us to more effectively manage the business and meet market challenges.

“We are confident of delivering a result for the year above current expectations and that the group has a strong future ahead of it.”

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