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January/February 2011
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January/February EHN issue

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"A new hire market"
All set for the Show
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Smarter software
Tuck-back Takeuchi
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Collecting our cash

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Executive Hire News › Archives › January/February 2011 › Executive Report : Executive news

Executive Report : Executive news

Flying Hire powers ahead

Flying Hire of North Scarle, near Lincoln, held a successful open day recently to launch a new line-up of fully synchronised, programmable load-sharing JCB generators that it has added to its temporary power equipment fleet.
At the launch, attended by a diverse range of customers, such as event managers, stately homes staff, utilities personnel and concert organisers, Joint MDs Joe and Lindsay Nearn promoted the new 220 and 275kVA machines, which incorporate telemetric monitoring and communication via SMS, GSM or wi-fi.
“We can provide customers with complete reassurance and backup,” Joe told EHN. “The technology on the control panel enables us to monitor fuel levels, temperature, loading and condition of the generators, and we can receive an instant alert in the event of any failure. This is key for customers such as those with equipment working in remote locations, or concert organisers requiring uninterrupted power for musicians or on-site communications. We also benefit from direct parts and service backup from JCB.”
Flying Hire also offers generators of up to 135kVA and mobile lighting towers from Macgen, which can be fitted with dusk-till-dawn auto-start capabilities to avoid having to send personnel to switch the machines off and on. The hire fleet also includes tools and equipment, and compact plant such as Avant Tecno loaders and Takeuchi mini excavators.

Rose Access adds more Teupens

Rose Access, an Aberdeen-based powered access equipment hirer, has added two Teupen Leo 18GT Spiderlift machines from UK & Ireland distributor, Ranger Equipment. They join five existing Teupen units that the company already has in its fleet.
The compact 18GT has a maximum working height of 18m and includes self-levelling stabilisers and remote control drive. Rose Access was formed last April by MD Gary Rose (pictured, left, with the company’s Engineer, Stuart McKenzie), who has previously worked with HSS and Nationwide Access. Teupen machines will be promoted on Ranger Equipment’s stand at the Executive Hire Show next month.

Brisk business for TowerLight

TowerLight UK has supplied 20 units of its VT1 SuperLight lighting tower to Bristol-based Power Electrics, which hires equipment for outside events, highway maintenance and construction sites. This latest order brings its fleet to a total of more than 150 VT1s.
The manufacturer, which will be exhibiting at the Executive Hire Show, has also received an order for more VT1s from Charles Wilson Engineers, which has 12 depots throughout the country.
The machine’s 9m vertical hydraulic mast features single lever operation, enabling one person to safely erect it in less than 30 seconds. It also incorporates a full bund for all fluids and has a noise level of 65dBA.

WHC wins safety award

Worcester-based WHC Hire Services has won an award for the work it has carried out in partnership with Severn Trent Water to combat the issue of workers’ exposure to HAV.
The hirer won in the Safety category of the NJUG (National Joint Utilities Group) Awards 2010, which recognise high standards of street works achieved through the adoption of innovative practices. WHC has a dedicated HAV testing facility for regularly monitoring the condition of equipment, thus helping employers to ensure operator safety.
WHC is also planning to open a second branch, in Gloucestershire, in the spring, having recently bought a 14,000ft2 industrial unit close to junction 9 of the M5 motorway. MD James Clutterbuck told EHN, “We have wanted to expand into this area for some time, but needed to ensure we found a facility with sufficient space and in the right location.” The company supplies a wide range of plant, tools and equipment to contractors, civil engineers, groundwork companies and builders throughout Worcestershire and the West Midlands.

WH Bond expands hire fleet

The hire division of WH Bond & Sons, a family business based in Saltash, Cornwall, reports it has continued to increase its fleet, which ranges from woodchippers, welfare units and mobile lighting towers, to excavators, compact dumpers and telehandlers. Recent additions include eight further Takeuchi minis in the 3, 5 and 8 tonne classes, 16 Thwaites dumpers from 1 to 9 tonne, as well as JCB and Manitou telehandlers.
The company started as a farming business in 1957, subsequently adding landscaping, civil engineering, recycling and training divisions,
and also operates a sawmill activity supplying timber to DIY customers and building professionals. Business Development Manager Andy Pearce says that the company’s broad scope gives extensive hire opportunities to a diverse customer base, and that hire turnover has increased substantially in 2010.

Hire Network Award finalists

Rapid Hire Services of Hayes, Southampton-based Instant Hire and Toga Hire Centres’ outlet in Bow are the three shortlisted finalists for The Hire Network Award.
The nominees are chosen for consistent excellence of performance within an individual depot of companies who are members of the Network.
The winning company will be announced at the Executive Hire Show next week.

GenQuip slides into Wernick Hire

GenQuip has supplied 12 of its Groundhog GP360D welfare cabins to Wernick Hire, which provides portable and modular accommodation from
30 depots covering England, Wales and Scotland. The road-towable unit provides on-site washing, storage and sanitary facilities for up to six people, and is designed to enable compliance with relevant Health & Safety regulations.
Wernick Hire has opted to have the cabins fitted with sliding doors, which is a recently introduced option. “The choice to have sliding doors fitted is becoming increasingly popular,” explained GenQuip’s MD, Dennis Hughes. “It allows for a safer exit and entrance to the unit when located in tight areas or on highways, and also gives the unit an overall sleeker look.”

Ashtead joins bid for Lavendon

Ashtead has announced it is joining the Belgian company TVH Services NV in launching a bid for Lavendon. It has been unanimously rejected by the Lavendon board. The co-bidders are offering Lavendon shareholders 115p per share, which values the powered access specialist at £189m. This came just a day after the Takeover Panel had advised TVH that it had to make a formal bid by 8 February, in response to its second bid approach of 111p per share, rejected by the Lavendon board at the end of November.

Aggreko achieves Olympic success again

Aggreko has won a £37m exclusive contract to provide temporary power for the 2012 London Olympics and the Paralympic Games. This will be the fourth successive summer Olympics to be powered by the Glasgow-based hirer. Last year the company undertook similar contracts for the Winter Olympics in Vancouver, the FIFA World Cup in South Africa and the Asian Games. These three events accounted for £90m of revenues.
A recent trading statement from Aggreko suggests it will have put in another excellent performance in 2010. The company said it expected profits before tax to have risen by 25% in 2010 to £305m. It told investors that trading in the final quarter had been better than anticipated; group revenues for last year are expected to have increased by 20% to £1.22bn. At the same time, the company has strengthened its balance sheet with net debt at the end of the year standing at approximately £145m, £30m less than at the end of 2009. This is after fleet capital expenditure of £260m and a further £15m spent on an acquisition in the US.
Aggreko’s Local business division saw underlying revenue growth of 20% in the final quarter, with its largest regional business, North America, achieving 30% and a similar level being reached by Aggreko International. Underlying growth in the European and Middle Eastern businesses was more restricted at 10%. The company indicated that underlying volumes and rates had improved in most markets, and that underlying trading margins across the division were expected to show year-on-year improvements. In calculating the underlying growth figures, Aggreko excludes the revenues and profits coming from the major international sporting events referred to above because there will be no events of comparable size in 2011. Trading at Aggreko’s other division, International Power Projects, improved in the last quarter with revenues up 12%; growth for the full year was said to be approximately 10%.
Aggreko expects to invest £320m in its fleet next year. In particular, it is looking to expand the proportion of its generators powered by gas, rather than diesel, in response to customer demand for the use of more environmentally friendly fuel. Currently, 5% of the fleet is gas-powered but Aggreko plans to raise this to 9% by the end of this year.


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