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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
25 May 2021 | 07:44am
StockMarketWire.com - Equipment and plant hire company Speedy Hire booked a 21% drop in annual profit but resumed its dividend, citing a strong recovery in the second half.
Pre-tax profit for the year through March fell to £12.3 million, down from £20.7 million year-on-year, as revenue slid 11% to £363.6 million.
Speedy Hire nevertheless declared full-year dividend to 1.4p per share, up from 0.7p year-on-year.
Hire revenue in the fourth quarter had risen 4% on a like-for-like basis. I am pleased to report results that are ahead of our expectations in what has been an exceptionally challenging year for customers and colleagues alike, chief executive Russell Down said.
Tool hire services Speedy sheds half of debt ahead of B&Q trial
Making use of the government support schemes to navigate the first half of the year, the company has begun a trial with B&Q to expand its reach into the B2C market. (Kingfisher Plc)
Equipment and tool hire services Speedy reported strong net debt levels this morning, as the company revealed it shed £46.1m in debt over the pandemic and saw its dividends double.
Despite revenue falling 10.6 per cent to £363.6m, in the year ended 31 March 2021, Speedy enjoyed a sturdy start to 2021’s financial year with net debt of £33.2m, 58.1 per cent less than the year before the pandemic.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Ever since the first lockdown, there has been a marked increase in the sweet sound of birdsong in parks and gardens across the country. It is not the only noise to permeate our streets however.
Day in, day out, the sound of building works can be heard, as housebuilders set to work, homeowners refurbish their properties and companies refashion their offices.
The constant drilling, banging and bashing can be infuriating for those in search of peace and quiet, particularly over a Bank Holiday, but it is music to the ears of Russell Down, chief executive of Speedy Hire.
Rebuilding confidence: DIY enthusiasts can rent Speedy Hire kit from 16 B&Q stores and the number should pick up in time