Losses climb for HSS Hire Group
Losses have increased dramatically for HSS Hire Group, the tool hire company with the majority of its workforce based at Manchester’s Trafford Park.
In the six months to July 1 the listed company's adjusted loss before tax grew from £2.2m in 2016 to £14.2m.
Meanwhile, turnover fell from £166.2m to £160.5m.
Chief executive Steve Ashmore said that while "significant operational change" was achieved during the first half of 2017, “both rental revenue growth and its cost base were temporarily impacted leading to reduced p... 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...
