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 cost pressures.

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 has cautioned over “challenging” conditions due to Government spending delays, after shutting eight depots in the face of heightened cost pressures. Shares in the equipment hire firm dropped on Wednesday morning as it also reported weaker revenues and swung to a loss for the past year. The Merseyside-based business said it was impacted …

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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