Glasgow-based Gap Hire says expanding into new areas has helped hike revenues

Equipment hire firm Gap Hire Solutions (GHS) has posted what it says is record annual turnover and the second highest pre-tax profits in the company鈥檚 history.

The Glasgow-based company reported turnover for the year to the end of March of 拢175m, up 11%, and pre-tax profit of 拢17.1m.

A programme of diversification and expansion in recent years has seen the group launch a series of new divisions including lifting hire equipment, non-mechanical plant, survey and safety hire, and welfare services.

GHS financial director Chris Parr said the firm鈥檚 family-ownership structure provided stability and long-term sustainability, 鈥渆nabling us to make investments such as [a] 拢4m purchase of a five-acre site in Tilbury, Essex鈥�.

The group employs more than 1,600 staff across 137 locations across the UK.

 

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