Slump in Revenues & Rising Debts Hit Equipment Hire Firm in 'Challenging Conditions'

Slump in revenues & rising debts hit equipment hire firm in 'challenging conditions'

Speedy Hire has cautioned over “challenging” conditions due to Government spending delays, after shutting eight depots in the face of heightened…

Speedy Hire warns over ‘challenging’ conditions amid depot closures

The equipment hire firm said it shut eight of its depots, leading to a reduction in staff numbers.

Speedy Hire revenue slips amid ‘challenging markets’ – Northern Financial Review

Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, said its group revenue fell 1.2% to £416.6 million in the year ended March 31, 2025, “impacted by the challenging markets and slower than anticipated expansion of Trade and Retail.” This resulted in lower adjusted profit before tax of £8.7 million (FY2024: £14.7m) due to “high operational gearing and the continued investment in people and transformation, which is providi…

Oil higher as Middle East tensions escalate, Fed meeting in focus, Ocado extends partnership with Spanish grocer, AO balances good and bad news and Speedy Hire goes into reverse

Speedy Hire falls to a loss as it closes depots after Chancellor's tax hike

Speedy Hire - which provides equipment and support services to construction, infrastructure and industrial projects - has announced a pre-tax loss of £1.5 million in the year ended 31 March 2025