TOOL HIRE TOP TEN 2014 continued
JEWSON HIRE Director of Tool Hire
Head Office
Telephone number Website
Hire Activities
Geographical coverage Status
Richard Pederson
Merchant House, Binley Business Park, Coventry, CV3 2TT 02476 438400
www.jewson.co.uk/tool-hire Tools and Equipment National
Division of Jewson, with over 600 branches across the UK. Jewson is part of Saint- Gobain Building Distrbution UK and Ireland.
HIRE STATION LTD Managing Director
Head Office
Telephone number Website
Hire activities
The specialist businesses within Hire Station have performed well and are expanding. ESS Safeforce, which continued to be busy throughout the downturn, opened in Dublin in the course of 2013 and more recently in Rotterdam. John Singleton says that MEP has made significant progress over the past year, extending its product offering, and the Virtual Hire operation has seen revenue growth of nearly 25%.
John Singleton
Field Farm Road, Long Eaton, Nottingham, NG10 3FZ
0845 604 5337
www.hirestation.co.uk
Geographical coverage Status
General tool hire, lifting equipment, safety equipment and confined space training (ESS Safeforce), press fitting and electro-fusion (MEP), ‘white label’ partnerships e.g. with Homebase, Garden Centre Group (Virtual Hire) National
Subsidiary of Vp plc, a public limited company listed on the London Stock Exchange
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 SEPTEMBER 2013 (reported as part of VP plc) 30.09.13 (£’000) 30.09.12 (£’000) %Change 31,922 2,706
Revenue Operating Profit COMMENT
Hire Station recorded highly satisfactory interim results with increasing efficiencies driving operating profits up by nearly 60%. Vp as a whole produced good figures with revenues up 9% at £91.3m and profit before tax up 16%.
The significant improvement at Hire Station came from all areas of the business and John Singleton believes that momentum will be maintained in the second half. He says that the April-June quarter of Hire Station’s financial year was “fairly quiet”, but, since then, the company has been busy with volumes getting back towards levels seen before the 2008 recession.
33
29,272 1,698
A-PLANT TOOL HIRE Chief Executive (A-Plant)
Head Office
Telephone Number Website
Hire activities
Geographical coverage Status
+9.1 +59.4 Sat Dhaiwal
102 Dalton Avenue, Birchwood Park, Warrington, WA3 6YE 01925 281000
www.aplant.com
A wide range of plant and tools, including lifting, surveying, drilling, surface preparation and dust extraction equipment National
Subsidiary of Ashtead Group plc, a public company listed on the London Stock Exchange
ASHTEAD GROUP PLC: INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2013 31.10.13 (£m) 31.10.12 (£m) % Change
Revenue Sunbelt (US) A-Plant (UK) Group
EBITDA
Sunbelt (US) A-Plant (UK) Central Costs Group EBITDA
Group Operating Profit Group Profit before Tax
330.8 43.2 (4.8)
369.2 234.1 207.8
249.5 30.6 (4.5)
275.6 163.2 112.2
+32.6 +41.1
+34.0 +43.4 +85.2
*in dollar terms Sunbelt’s revenue rose by 21.3% to $1,107.5m NB: the figures for A-Plant shown above relate to the whole of its operations; the figures in the Top Ten tables relate to the company’s tools and small equipment activities and have been provided by A-Plant management.
COMMENT
The recent half year figures from Ashtead show that the company is maintaining an impressive growth rate on both sides of the Atlantic. While Sunbelt continues to dominate the Group’s performance, 2013 is also proving a good year for A-Plant. The growth figures shown on the results table include Eve Trakway, which was acquired
711.5 138.2 849.7
576.8 103.6 680.4
+24.9 +33.4 +24.3
On the general tool hire side, there has been some shift in strategy. Brian Sherlock, former MD of Hewden Tool Hire, has been brought in to head up this business, which is now focusing more on the requirements of local markets. Overall John Singleton remains optimistic, citing construction forecasts as grounds for expecting Hire Station to continue to build on the growth of 2013 throughout this year.
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