Tool hire firm powers back into the black to the tune of £14.4m
Merseyside-based Speedy Hire is celebrating a spectacular turnaround with year-end pre-tax profits up to £14.4m – reversing a loss of £57.6m in 2016.
Revenue has also risen 12% to £369.4m in the 12 months to March 31. In addition, the Newton-le-Willows company’s net debt has fallen from £102.6m to 71.4m.
The listed company has highlighted an “emphasis on customer service, innovation and relationships” as part of the reasons for the success.
Meanwhile, its hire fleet was reduced by 11.4% to £194.8m, and there was ... 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...
