Speedy Hire (LON:SDY) is still viewed as an equipment hire company, but it is increasingly becoming a services provider and that is likely to make its performance less volatile.
The fully listed company still generates around three-fifths of its revenues from tool and equipment hire activities, but the strategy is to reach 50/50 between hire and services.
Russell Down became finance director in April 2015, before transferring to chief executive in July of the same year. He has turned around the underperforming business and accelerated the move into services. There was a large loss in the...
