Founded in 1977, Speedy Hire is the UK's leading provider of tools and equipment hire services to a wide range of customers in the construction, infrastructure, industrial, and support services markets, as well as to local trade, and retail. The Group provides complementary support services through the provision of training, asset management and compliance services.

19 Jun 2026

A pivotal period for Velocity

Platform reset completed, now the delivery phase. Speedy has materially upgraded its operating platform through the Enable phase of Velocity, with FY26 marking the transition to proving operational leverage and margin delivery.

ProService leading growth despite weak backdrop. FY26 trading was softer than expected, with EBITDA down to £85.4m and a c.£11m pre‑tax loss, but ProService and contract wins provided a clear growth offset in difficult end markets.

Operational gearing now the key test. Near-term momentum from ProService and new contracts should support above-market growth, but delivery of margin accretion will be the acid test of Velocity’s success.

Valuation discounts execution risk, offers potential upside. With the shares trading c.19–20p, little growth appears priced in versus our unchanged 61p fair value, leaving potential upside if operational progress converts into earnings and cash flow delivery.

Download as a PDF file

Return to Speedy Hire

Register to be first

Get research on the companies that interest you straight to your inbox

Equity Development is a partner to successful companies looking to enhance their investor relations. Our top-rated analysts produce best in class investment research. Based in London, UK, we help our clients connect with investors via presentations and interviews.

Equity Development Limited 3rd Floor, 80 Cheapside, London, EC2V 6EE

Website design & development by Breckenridge