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her exclusive New Year review of the UK's Top Ten tool and equipment hirers. Thisi s the fifthy eart hat EHN has publishedit s rankingso f the UK'st en largestt ool hire operationsl.n termso f 'peckingo' rder,t he changess incel asty earh aveb eenn rinor Twelvem onthsa go,o ptimismw as the hallmarka, lmostw ithoute xceptiono, f the ten companiesa, nd,t o a largee xtent,t hat has beenj ustified Nowt he tone is ratherm ores tudiedo; n the whole,c ompaniesa re stillf orecastingg rowth butt hey are alsoa wareo f the increasingu ncertaintys urroundingth e economy Several majorp layers,s ucha s HSS and Hewden,a re stilli n the midsto f re-organisationH;i re Stationh as completedi ts re-organisatiopnr ocessa nd the recenti nterimr esultsf rom parentc ompany,V p conflrmedt hat the tool hireri s now back in profit.A -Planth as continuedt o expand its tool hire offeringsi nto its plantd epotsa nd confidencet here is beingh elpedb y the acceleratingre coveryo f Ashteada ftert he completiono f its refinancingw; hileG AP,t he onlyf amily-ownedb usinessa mongstt he ten, has continuedto expandi ts combinedp lanta nd toolso fferings o that it can now justifiablyla y claimt o 'nationalc' overage. AfterB randon'sr apide xpansionla sty ear( thec ompanya chievedt he highestt urnover growth of the ten companies - see Table lA over), it appeared to falter a little in the first halfo f 2005,b ut its halfy ears tatemenitn dicatedth at it was backo n coursei n the second half. As last year, it is, however, Speedy which has continued to make the most impacti n the marketp lace,e xtendingit s leadershipfu rtherw ith a 19o/eox pansionin revenue,a nd reinforcingit s previousm essagest o competitorst hat SteveC orcoran's successionto John Browna s ChiefE xecutiveh as beena 'seamlesso' ne. Our survey of the Top Ten follows its usual format; the ten companies remain unchanged and fall into three categories: a) Those that are primarilyd edicatedt o tool hire and closelya lliedo perations:S peedy, HSS,H ewdenH ireC entres,B randonA, -PlantT ool HireS hopsa nd HireS tation.I n the caseso f both HSS and Hewden,r e-organisatioins takingp lacet o implemen'th uba nd spoke' structures - further details are included in the Comment on the individual companiesA. ll six companiesa re eitherp ublicc ompanieso r subsidiarieosf public companies, except for HSS, which has been privately owned with venture capital funding since a Management Buy-ln two years ago. b) Tool hireo perationso wnedb y builders'merchantsH:i re Centre,J ewsonH ireP oint and TP Hire.2 5% of HireC entreo utletsa re 'standalone'a; ll the businesseso f the other two are located within builders' merchant outlets. c) One companyc ombinest ool and planto perationsf rom all its locations.G AP Group. THE SIZE OF THE TOOL HIRE INDUSTRY Each year we attempt to evaluate the size of the UK tool hire market in terms of annual |
