This page contains a Flash digital edition of a book.
SPEEDY HIRE PLC Chief Executive


Head Office


Telephone Number Website


Hire activities


Geographical coverage Status


Steve Corcoran


Unit 1, The Parks, Newton-le-Willows, Merseyside, WA12 0JQ 01942 720000


www.speedyhire.plc.uk


Tools, power, survey and lifting equipment, pumps, cabins, non-mechanical access, rail, safety and training UK, Ireland


Public company, listed on London Stock Exchange


COMMENT


2010 was not an easy year for Speedy as it continued its battle to bring its hire operations into line with the reduced size of the market. In November, the company announced its results for the half year ended 30 September. These showed a 4% reduction in revenues to £177.3m Nevertheless, since last January, Speedy has achieved three consecutive quarters of incremental revenue growth in the UK, with increases in both volumes and average hire rates. In the third quarter (to 30 September) volumes of equipment on hire rose by 5.4% from the previous quarter.


• For further comment, see our exclusive interview with Steve Corcoran beginning on page 15.


SPEEDY: INTERIM RESULTS TO 30 SEPTEMBER 2010 2010 (£m) 2009 (£m) % Change


Revenue UK & Ireland


Asset Services International & Advisory Group revenue


EBITDA (pre-exceptional) UK & Ireland


Asset Services Int. & Advisory Group EBITDA


(pre-exceptional) Group operating


(loss)/profit before amort. & exc. Items -Amortisation


Exc. restructuring costs Operating (loss)/profit Financial expense


Loss before taxation -before exc. items -exceptional items Loss before taxation


172.8 4.5 177.3 28.8


(0.7) 28.1


(4.6)


(2.8) (0.6) (8.0)


(5.8)*


(12.7) (1.1)


(13.8) 184.0 0.8 184.8 37.4 0.1 37.5 3.7


(2.8) (6.0) (5.1) (8.5)


(7.6) (6.0)


(13.6) -6.1


+462.5 -4.1


-23.0


Loss -25.1


-224.3


- -


Loss Loss


Loss Loss Loss


after exceptional items *includes exceptional item of £0.5m relating to amortisation of bank fee


27


HSS HIRE SERVICE GROUP LTD Chief Executive


Chris Davies Head Office


Telephone Number Website


Hire activities


Geographical coverage Status


COMMENT


In early November, in an unusual step for an unquoted company, HSS publicly announced its third quarter results. Revenues for the first nine months of 2010 rose by 13% to £111.9m and EBITDA by 29.4% to £29.8m. In the third quarter, the rises were 14% and 31% respectively. As well as indicating a significant recovery in 2010, the company underlined confidence in its prospects by bringing forward £2m of capital expenditure in addition to the £10.3m initially planned for the first nine months of the year.


2010 has seen a significant expansion in HSS Training, which has always been seen as an important part of its operations. In May, the company acquired MTR Training from Hydrex. Since then, HSS has launched a technical apprenticeship scheme; in November it announced that it had received formal endorsement for HSS Training from the Facilities Management Association. HSS is the first company to receive recognition in this way. Chris Hoar, FMA’s Chief Executive, described HSS Training as having “really set the standard for the rest of their industry.”


Chris Davies states “we continue to make very good progress in challenging conditions. This has been achieved by focusing on customers, colleagues, costs and cash.”


BRANDON HIRE Managing Director


Head Office


Telephone Number Website


Hire activities


Geographical coverage Status


COMMENT


2010 was a very significant year for Brandon’s management as they secured a stake in Brandon when Wolseley sold it to private equity


25 Willow Lane, Mitcham, CR4 4TS 020 8260 3100 www.hss.com


General tool and equipment hire, sales, training and services, specialist activities such as lifting, safety, survey and welding.


UK, Ireland, international franchises Private company with private equity funding


Tim Smith


Feeder Road, Bristol, BS2 0TQ 01179 719 119


www.brandontoolhire.co.uk


Tool hire, lifting equipment, Pipe Hire, toilet hire, training National


Private company with private equity funding


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76