Speedy Hire plc, the Newton-le-Willows-based tools and equipment hire firm, said trading is in line with the board’s expectations for the full year, ahead of the company’s annual general meeting on Thursday. 

The UK’s leading tools and equipment hire services company, operating across the construction, infrastructure and industrial markets, said: “The business has performed well in the year to date, despite continuing challenging conditions in some of our end markets. We are encouraged by the new government’s plans, although at an early stage, to support residential housing market growth, and we look forward to long term infrastructure projects continuing to be supported.”

“The Group’s year to date hire revenue is in line with this time last year. As we have communicated previously, there will be a second half weighting to revenues and profits as we continue to mobilise our significant contract wins. Steps to mobilise the Group’s new contract with Amey are in hand and it is anticipated that this will generate revenue in the final quarter of our financial year.”