Tool hire business HSS Hire posted revenues of £328 million for the year to 28 December 2019. It was also able to report a profit of £14.8 million following the disposal of its UK Platforms subsidiary.
The business did, however, concede that the Covid-19 slowdown has impacted the current year. It was forced to close its branches but continued to trade digitally.
CEO Steve Ashmore said; “I am delighted 2019 was another year of excellent strategic progress enabling us to post record profits in a market impacted by uncertainty. The benefits if the work we have done since 2017 are coming to fruition and HSS is evolving towards a digital-led equipment services business.
“Our digital tranformation is well under way with the new customer app in tool hire gaining traction in our trial markets, and in the services business where our new automated system has been very well received.”
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