Speedy Hire is the UK and Ireland’s leading provider of tools, specialist equipment and services operating from a nationwide network of c.180 depots. Its activities comprise: Hire (59% FY23 revenue); generated from a broad range of plant, equipment and tool assets as well as transportation & repair income), Services (40%); includes third party asset re-hire, training, testing and the sale of fuel & other consumables, and Other (c.1%); asset disposals. During FY24, Speedy transitioned its trade/retail presence with B&Q to a digital fulfilment model. SDY also has two JV operations: Speedy Zholdas (in Kazakhstan, since 2013) and Speedy Hydrogen Services (UK, launched in H224).
Building a robust platform for growth - FY24 pre-close statement
Against a tough trading background in FY24, Speedy Hire has taken steps to build a platform for...
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