Speedy Hire transformed by services

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 aroun...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.