Speedy re-rentals hits £25 million in sales

Speedy Hire said its managed services division - which re-rents equipment from other rental companies - has reached the "landmark" revenue figure of £25 million.

Speedy's multiple rental partners, which include include aerial platform renter Lavendon, One Call Hire and Nixon Hire, supply equipment such as powered access, heavy equipment and waste management.

Tom Gleeson, operations director, managed services at Speedy said; "Increasingly, customers are looking for consistency in the supply of plant and equipment and they expect the right equipment to always be available in the right quantities at the right time.

"Our clients have been entering Joint Ventures for years and we have adopted a similar stance acting as lead partner. By forming partnerships with other suppliers, we are able to reliably supply a broad range of equipment including specialist products to our clients, maintaining high levels of value and quality."

Andy Wright, chief executive of Lavendon Access Services, said: "Partnering with Speedy has opened up a new customer base for the Lavendon fleet, offering a significant new revenue stream. Partnerships such as this are allowing the hire industry to best serve clients' needs, which in turn benefits all involved."