A-Plant, which is based in Warrington, has over 2,000 staff at more than 100 branches nationwide, and has reported huge increases in profit across the board. The firm acquired Eve Trakway, a provider of temporary roadways, walkways and security fencing, in May, a move which has contributed to rental revenue of £124 million, up 35 per cent compared to 2012. Even excluding the acquisition of Eve Trakway, rental revenue has seen a growth of 16 per cent. Growth in revenue, combined with on-going efforts to improve operational efficiency and lower financing costs, has generated a 49 per cent increase on pre-tax profit, reaching £212m.
The company is the UK operation of the London-headquartered company Ashtead Group.
Geoff Drabble, chief executive of Ashtead Group, commented: “Activity on the ground and lead indicators remain very healthy and, as a result, we have increased our full year capital guidance to £700m to support our customers during an anticipated strong Spring of 2014.
“As a result, we now anticipate a full year profit towards the upper end of current expectations and the Board looks forward to the medium term with increasing confidence.”
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