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tools depot in Tewkesbury and it plans to open six more such branches before the end of 2014 as well as re-locating a number of existing depots to more suitable premises, together with further developing its lifting and non-mechanical divisions.
Overall GAP continues to prosper, with Douglas Anderson anticipating Group turnover in the year ending 31 March 2013 will fall just a little short of £100m, reflecting the success of GAP’s strategy that has focused on securing major accounts, which now make up over 60% of revenues.
SUPPLY UK HIRE SHOPS Managing Director
Head Office
Telephone Number Website
Hire activities Geographical coverage Status COMMENT
Supply UK is considerably smaller than the other nine members of the Tool Hire Top Ten, but it is an innovative company, which offers many similar services to its larger competitors, as well as some interesting specialist activities. Richard Coffey reports. “the unrelenting grind of the past four years has, at last, been punctuated by a chink of light, borne out by our strongest ever trading results in the six months to September 2012. Current trading run rates support a 20% year-on-year increase in sales revenues, while cash generation shows an underlying improvement of 25%.
“Although we continue to trade in a most uncertain world, not least due to the slowness of the high street banks to support recovering and inventive businesses, we are bolstered by the success of the changes we’ve engineered over recent
years.The business now moves ahead with five clearly defined and complementary divisions, all with improved rates of return. Key trading alliances have, and will continue, to form the springboard for our continued growth. Our newly formed partnership with Swedish heating and lighting specialists, Elbjorn, will spearhead expansion for our Force3 division.
“New branches in Portsmouth, north London and Reading during 2012 and the north east in early 2013 provide strategic strengthening for our network, and direct support for our expanding asset management and water services divisions. Notwithstanding the risks of further changes in the general economic climate, our immediate constraint is capital investment, not demand for our services!”
• e
Richard Coffey
A8 Riverview, Embankment Business Park, Heaton Mersey, Stockport, SK4 3GN 0161 442 7772
www.supplyuk.co.uk
Tool Hire & Sales, Survey and Laser, Asset Management and Water Services, Force 3
North west England, Midlands, South Wales, South East England and North-East England; a depot is due to open in Scotland shortly. Private company
150mm
DieselChipper (PoweredbyKubota)
FOR£10,999 (Petrol option available)
OFFER AVAILABLE TO HIRE BUSINESSES IN UK MAINLAND ONLY
+VAT
www.greenmech.co.uk 01789 400 044
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SEE US ON STAND E40
6 & 7 February Ricoh Arena, Coventry
www.executivehireshow.com
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