LCH Generators and Lifting Gear Hire acquisitions add to growth

Tool hire outlet Speedy Hire's revenue has increased by 34% in the first 11 months of the financial year. In this time Speedy Hire bought LCH Generators and LIfting Gear Hire for £72.5m, as well as 20 greenfield depots.

Speedy Hire

The tool division generated revenue growth of 14%, including a like for like increase of 7.2%, while the equipment division produced a revenue increase of 58%.. Speedy Hire will annouce its preliminary results on Wednesday 23rd May.