Speedy Hire peer , plc has reported financial year profits inline with expectations . The company ’s pre - tax loss increased from £ 8.5 m to £ 13.8 ##m largely due to higher depreciation costs relating to a larger hire fleet . HSS plans to reduce its capital expenditure after two strong years of fleet expansion and opening a new National Distribution and Engineering Centre in march 2019 .
Speedy Hire peer, HSS has reported financial year figures inline with expectations. The company’s pre-tax loss increased from £8.5m to £13.8m largely due to higher depreciation costs relating to a larger hire fleet. HSS plans to reduce its capital expenditure after two strong years of fleet investment and opening a new National Distribution and Engineering Centre in H1 2016.