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Executive Hire News
Latest industry news

June 22, 2018

HPA helps grower’s preparations

Filed under: Latest News — EHN Team @ 11:57 am

Machinery supplied by the Winchester-based hirer, Hampshire Plant & Access (HPA), is helping a local watercress farm to carry out seasonal ground preparation works.

Before its crops are established, The Watercress Company’s growers need to clean out the beds from the last season at its Maxwell Farm site. The gravel at the bottom is then prepared by sweeping and raking the base smooth before being re-filled to provide an anchor for the plant roots.

Harvesting is mechanised and the cleaning out is usually done with a tractor at the company’s other farms, but at this location the ground is too soft to gain easy access. The solution was to hire the Doosan DX80R.

The Watercress Company Manager, Sean Ede, said: “We use a Bomag BW120 roller to crush up the stubbles and lift them off the base of the beds, and push the stubble to the end of the bed. We then use the Doosan excavator to remove them for composting before the gravel is cleaned and re-used the next year. We need to get the beds out as soon as possible, so we worked with HPA to specify a suitable excavator and then recycle the gravel on every site.”

June 21, 2018

Bobcat continues European tour

Filed under: Latest News — EHN Team @ 8:09 am

Bobcat has announced details of its Bobcat Customer Roadshow programme in the UK taking place at locations in England and Scotland in July, following visits to France, Spain and Portugal.

Product highlights will include the T450 compact track loader and MT55 mini track loader (pictured) with a number of attachments for grounds care and landscaping applications, as well as the manufacturer’s new E26 mini excavator.

Dates and venues are as follows, and those interested in attending should contact the Bobcat dealer shown as organising the event in their area: 5 July, Peach Croft Farm, Abingdon (contact TVE Plant Sales, 01235 523070); 10 July, Haydock Park Racecourse, (contact Norwest Plant, 01942 629550); 11 July, Lloyd Ltd, Bishop Auckland (contact 01388 660300); and 12 July, SRUC Oatridge Campus, Broxburn (contact John H McNae Ltd, 01292 541920).

June 20, 2018

HSS secures refinancing

Filed under: Latest News — EHN Team @ 9:07 am

HSS Hire Group has entered into a new term loan facility of £220m and a revolving credit facility of £25m in order to refinance its existing corporate debt.

The new term loan facility of £220m will be provided by HPS Investment Partners with £200m maturing in June 2023, and £20m, with flexibility to be settled before maturity, in December 2020. This facility is at interest rates of between 700 and 800 base points over Libor (London Inter-bank Offered Rate) dependent upon the net debt leverage ratio of the Group.

In connection with this facility, HSS has granted HPS Investment Partners 8,510,300 Warrants to subscribe for new ordinary shares in the company. The warrants are exercisable at a price of £0.01per share and can be exercised for five years subject to certain specific conditions, including the full repayment of the term loan facility.

A new revolving credit facility has also been agreed with HSBC Bank and National Westminster Bank, maturing in December 2022, at rates of between 250 and 300 base points over Libor, dependent upon the net leverage of the Group.

June 19, 2018

Ashtead’s strong performance

Filed under: Latest News — EHN Team @ 9:23 am

Ashtead Group has reported strong results for the year ended 30 April with revenue up by 20% and rental revenue increasing by 21%, with pre-tax profits of £927m compared with £793m in 2017.

Sunbelt US, A-Plant and Sunbelt Canada delivered 20%, 13% and 152% rental only revenue growth respectively. The significant growth in Sunbelt Canada reflects the acquisition of CRS (Contractors Rental Supply) in August 2017, which more than doubled the size of the business.

A-Plant generated rental only revenue of £344m, up 13% on the prior year (2017: £304m). This was driven by increased fleet on rent, partially offset by yield. The company states that the adverse yield reflects a combination of product mix and rate pressure in the competitive UK market. A-Plant’s total revenue increased 13% to £472m (2017: £418m).

Ashtead’s Chief Executive, Geoff Drabble, commented: “Our end markets remain strong and are supported by the continued structural changes in our market as customers rely increasingly on rental while we leverage the benefits of scale. We continue to execute well on our strategy through a combination of organic growth and bolt-on acquisitions, investing £1.2bn by way of capital expenditure and £392m on bolt-on acquisitions in the year.”

Mr Drabble added, “Looking forward, we anticipate a similar level of capital expenditure in 2018/19 consistent with our strategic plan. So, with all divisions performing well and a strong balance sheet to support our plans, the Board continues to look to the medium term with confidence.”

Snorkel looks south west

Filed under: Latest News — EHN Team @ 7:57 am

Snorkel UK, the sales and service provider for Snorkel in the UK and Ireland, has appointed Scott Holtby as Area Sales Manager for the South West of England.

He joins from Pirtek UK, where he held the role of Sales Development Manager, with responsibility for major national accounts across industries including plant and tool hire, access hire, construction and waste and environmental.

In his role as Area Sales Manager, Scott (pictured) will have responsibility for a region across the M3-M4 corridor from his base in Weston-super-Mare.

June 18, 2018

A-Plant saddles up for safety

Filed under: Latest News — EHN Team @ 8:33 am

A-Plant is helping to raise awareness of the need to make London’s streets safer for vulnerable road users during construction projects.

Four members of the hirer’s team recently attended a ‘constructors cycling experience’ event hosted by Transport for London, to better understand the potential barriers construction can create for pedestrians, cyclists and people of reduced mobility. The monthly rides are part of the authority’s Healthy Streets initiative.

Mark Pudney, MD of Speciality Heavy at A-Plant, attended with Business Development Director Dave Harris, National Account Manager Tom Welland and Sales Manager Alan Clarke. The group followed the CS3 and CS6 cycle routes from Palestra Southwark, over Blackfriars to Westminster Bridge, accompanied by Will Norman, the Commissioner for Cycling and Walking, and Michael Barratt MBE, Development Impact Assessment Manager at Transport for London.

Having witnessed the challenges that increasing HGV traffic, dust and noise can create for the travelling public, A-Plant says it is taking steps to reduce barriers to pedestrians and cyclists at its construction sites across the capital.

Pictured at the event are, from left, Tom Welland, Mark Pudney, Michael Barratt, Will Norman and Dave Harris.

June 15, 2018

Nixon’s green lights

Filed under: Latest News — EHN Team @ 7:33 am

Newcastle-based Nixon Hire has added a X-Eco LED lighting towers from Trime UK to its fleet.

The machines have already been delivered and distributed throughout the hirer’s depots which stretch from Nairn in the Highlands of Scotland down to Nottingham.

The lights, which are designed for low emissions and reduced fuel consumption, will be hired to customers across a range of markets including construction, highway projects and outside events.

June 14, 2018

PASMA Conference to discuss tower safety

Filed under: Latest News — EHN Team @ 7:55 am

PASMA says that its Conference and Annual Members’ Meeting (AMM), to be held on 13 July in Farnborough, will update delegates on the latest industry developments and the role of towers in occupational safety.

As part of the programme, legal experts and a representative from the Health & Safety Executive (HSE) will present an imaginary scenario where a person has fallen from a tower, explaining the HSE’s role in the aftermath of an accident.

Other sessions will include an assessment of the recent revision to the EN 1004 standard for mobile access towers and the implications for manufacturers, suppliers, users and those responsible for safe work at height.

The Conference will end with a dinner to raise funds for the No Falls Foundation, a new charity dedicated to preventing falls and falling objects from height, and helping people affected by the life-changing consequences of an accident. For more details visit www.pasma.co.uk/conference

June 11, 2018

Kubota (U.K.) appoints new MD

Filed under: Latest News — EHN Team @ 8:35 am

Kubota Holdings Europe has announced the appointment of David Hart as MD of Kubota (U.K.) Ltd. He has 28 years of management experience in the construction and agricultural industries.

David Hart started his career with the agricultural construction and grounds care equipment dealership, Ben Burgess & Co, and in 1990 he joined John Deere, where he held several sales and marketing roles before becoming the Division Manager for Commercial and Consumer Equipment in 2004.

In 2011 he was appointed Regional Leader for Strategic and Key Account Management, responsible for John Deere’s agricultural and non-agricultural strategic and key account business in Europe, Near Middle East, North Africa and CIS (Commonwealth of Independent States).

Commenting on his new appointment, David Hart said, “Kubota’s brand, values and proven quality are facets I have respected as a competitor over many years, and I am excited to be part of the team that will take these to the next level.”

June 1, 2018

Snorkels for Media Access Solutions

Filed under: Latest News — EHN Team @ 1:16 pm

Media Access Solutions, a specialist hirer serving the TV and film industry, recently placed an order for 25 Snorkel electric and compact rough terrain scissor lifts.

The order consists of a mix of ten S3219E (pictured), S4726E and S4732E electric slab scissor lifts, and five S3370BE and ten Snorkel S3970BE bi-energy compact rough terrain scissor lifts, which will be delivered in matt black paint for use by production companies.

Tim Kendall, Director at Media Access Solutions said, “The Snorkel bi-energy compact rough terrain scissor lifts are of particular interest to our clients, as they can be used outside and inside the studios and have an impressive lift capacity.”

May 31, 2018

MCS wins technology award

Filed under: Latest News — EHN Team @ 8:14 am

MCS has been named as the winner in the International Tech Company category of the Thames Valley Tech Awards, which recognise the achievements of businesses located in a region often referred to as the UK’s Silicon Valley.

The hire software developer has an international presence serving customers in France, Scandinavia, Benelux and Germany, and it has resellers in Australia, South Africa, Canada and China.

MD Guy van der Knaap said, “Winning the International Tech Company award is a great honour and means so much to us all. Well over a decade ago, we set out to bring our cutting-edge rental solutions to the international stage.

“We’ve worked incredibly hard growing our international business by carefully recruiting new members of staff to our sales, implementation and customer service teams whilst also understanding local market needs and overcoming cultural differences.”

Pictured at the presentation are, from left, Angela Lamont, a former BBC technology broadcaster, MCS’ Guy van der Knaap, Eleanor Bateman and Nick Thomson, and Rafi Razzak, Chairman of IT provider Centerprise International, the category sponsor.

May 29, 2018

Achievement Award for CPA’s Colin Wood

Filed under: Latest News — EHN Team @ 7:55 am

Colin Wood, former Chief Executive of the CPA, has been recognised for his distinguished career in the industry at the 2018 European Rental Awards.

Having stepped down from the position of CPA Chief Executive earlier this year, he was awarded the European Rental Association (ERA) Lifetime Achievement Award at a ceremony hosted in Vienna, Austria, during the ERA’s Annual Convention., organised by the ERA and International Rental News.

Prior to joining the CPA, Colin’s entire career was spent in the crane hire industry where he had held senior management and board positions several of the biggest crane hire companies. CPA Chief Executive since 2001, he was an active Council member for ten years.

Colin, who was presented with the Award by Pierre Boels, CEO of Boels Rental and President of the ERA, said that one of his particular achievements had been in working to create operational safety guidance for the benefit of the construction equipment industry as a whole.

May 25, 2018

Generator Power opens Inverness depot

Filed under: Latest News — EHN Team @ 7:36 am

Specialist hirer, Generator Power, has opened a new depot in Inverness to cover the Scottish Highlands and Islands.

MD Stephen Cardwell said, “This new branch location is ideally situated to service our telecoms and utility customers in the Highland and Islands. This is a very active area for Generator Power, so our new Inverness team will be busy.”

The company offers a fleet of Atlas Copco generators from 10kVA to 1,250kVA, plus associated equipment such as cables and bunded tanks from Western. A full service back up is provided with 24/7 support and specialist vehicles for machine deployment.

May 24, 2018

HSS gains momentum

Filed under: Latest News — EHN Team @ 12:14 pm

In a trading update on its performance for the 13-week period ended 31 March 2018, HSS reports adjusted EBITDA growth of 64.3% at £13.8m, compared with the same period in 2017 (£8.4m).

The company also reports underlying core hire revenue growth of greater than 4% and a £6.9m reduction in net debt since the year end.

Chief Executive Officer Steve Ashmore states that the implementation of a new supply chain model from the beginning of April is delivering annualised savings of approximately £11m. “We have started 2018 positively and our recovery is now well established and gaining momentum. The business is trading well delivering adjusted EBITDA that is materially higher than the prior year and driving margin progress through cost savings and growth in core rental revenue,” he said.

May 22, 2018

Redpath adds MHM sets

Filed under: Latest News — EHN Team @ 9:22 am

Redpath Tool Hire has increased its fleet of generators from MHM Plant with the addition of 20kVA GE 20 SSY-MV machines.

The company, which is based in Duns, near Coldstream in the Scottish Borders, has over the past two years purchased a number of 2.5kVA and 6.0kVA petrol and diesel MHM sets, and has now added the new machines to meet demand.

Founder and owner Alan Redpath says that an eight-month hire for one of the GE 20 SSY-MV sets has already been secured from a local house builder.

Redpath Tool Hire also offers larger generators under MHM’s re-hire service and has plans to add lighting towers to serve the local event market.

May 18, 2018

A-Plant goes Hi-Viz

Filed under: Latest News — EHN Team @ 3:52 pm

A-Plant has invested in a fleet of JCB 7.0-tonne forward tipping 7T-1 Front Tip Hi-Viz dumpers JCB Hi-Viz cabbed dumpers, designed to enhance visibility, operator protection, stability and comfort.

Key features of the machines include a reduced skip height to improve visibility, a longer wheelbase and lower centre of gravity for greater stability, and a ROPS/FOPS Level ll cab, which incorporates a secondary impact protection system, to allow the operator to remain in the cab while the dumper is being loaded.

Dave Harris, the hirer’s Business Development Director, said the investment is indicative of growing demand in the plant hire market for safer and more efficient machines.

May 16, 2018

Speedy reports strong performance

Filed under: Latest News — EHN Team @ 8:20 am

In its results announced today for the year ended 31 March 2018, Speedy reports an improving performance, with; well positioned for growth with revenue excluding disposals increased by 6.4% to £371.6m (2017: £349.1m), and adjusted profit before tax up 59.9% to £25.9m (2017: £16.2m).

The company says that it acquisitions of Prolift Access and Platform Sales & Hire have strengthened its national powered access offering, and that overall asset utilisation in the UK and Ireland improved by 7.6% to 55.4% (2017: 51.5%).

Russell Down, Chief Executive, said: “We are delighted with these results which reflect a strong operational performance, robust capital management, the benefits of the strategy which was launched in September 2015, the impact of our recovery initiatives and some earlier than expected acquisition synergies.

“The market remains competitive; however the current year has got off to an encouraging start with revenue ahead of the comparative period on a like for like basis. Whilst we are early into the new financial year, and some of the benefits from the acquisitions have been realised, we are confident of delivering further progress in the year ahead in line with our current expectations.”

He added, “We have improved our financial and operational performance significantly over the last three years following the implementation of our strategy set out in September 2015. Since that time we have restructured the Group to make it leaner and more customer focused resulting in a significant improvement in efficiency and profitability. Our key financial measure is return on capital employed (ROCE) which, having increased 49.4% this year to 11.5%, is now ahead of our cost of capital. We aim to increase ROCE further through targeted capital expenditure and disposals, value enhancing acquisitions, growing services revenues and tight management of overhead costs.”

As part of its focus on SME customers, Speedy has introduced its ‘capital commitment’ service promise, guaranteeing same day delivery on its top 50 products if ordered before 3pm. This was launched for the London area in January and was rolled out nationally as ‘Trust us to deliver’ on 1 May.

May 15, 2018

Smart add Multitel platforms

Filed under: Latest News — EHN Team @ 7:35 am

Smart Platform Rental has added the Multitel MJ 201 platform to its fleet, supplied by Access Industries.

The new model was added on the same day that Smart opened its new Bristol depot. Its other locations are in London, Manchester, Birmingham and Sheffield.

The MJ 201 platforms are mounted on the Nissan Cabstar Euro 6 chassis cabs and offer over 12m of working outreach, with more than 20m of working height.

May 11, 2018

Bridgwater GAP depot bridges the gap

Filed under: Latest News — EHN Team @ 7:42 am

GAP reports that it is already seeing a positive impact following the opening of its South Bridgwater depot last October.

Located off junction 24 of the M5 and strategically close to the ongoing power plant construction at Hinkley Point, the depot also provides coverage between the hirer’s existing Exeter and Bristol depots.

David Doe, GAP’s Regional Sales Manager for the South West commented: “We look forward to continuing to support one of Europe’s largest construction sites as well as forging strong relationships with local companies.”

May 10, 2018

Boels opens Liverpool flagship

Filed under: Latest News — EHN Team @ 8:53 am

Boels Rental has officially opened its new depot in Liverpool. Occupying 10,000 sq ft, it replaces a smaller site in the city that was amongst 19 operated by Supply UK Hire Shops, which Boels acquired a year ago.

It is one of several re-located flagship outlets to be unveiled in key locations in the coming months.

In April, Boels also bought Already Hire, which has four depots serving Greater London, bringing the Netherlands-based hirer’s UK operation to 29 locations. This includes six additional specialist Survey & Laser outlets previously operated by Supply UK.

Opening the Liverpool depot, Chris Haycocks (pictured), MD of Boels Rental in the UK, said that Boels aims to have 50 locations throughout the UK by 2020, and suggested that some of these additional branches could be established or acquired later this year. A new Survey & Laser location is scheduled to open in West Bromwich in the summer.

EHN will report on Boels’ new Liverpool depot, and the company’s plans for the UK market, in greater depth in our June issue.

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