Breaking news
For the year to 30th April 2023, Morris Leslie Plant Rent Ltd posted revenues of £49.1m, extra than 10% up on the outdated year figure of £44.4m.
Profits before tax elevated to £11.5m (2022: £10.5m) whereas earnings before interest, taxes, depreciation and amortisation (ebitda) elevated by 12.4% to £33.8m
Administrators of the Perthshire-headquartered company described the effects as preferrred, given “the harsh economic local climate”.
Growth came from each and every elevated machine utilisation and better rent charges, coupled with a grand performance from the gear gross sales division each and every in the UK and in a single other country.
Highlights of the year consist of an £87.5m impart positioned with JCB in March 2023. The deal turned into as soon as the biggest UK deal in JCB’s history and incorporated extra than 1000 machines, at the side of 50 backhoe loaders.
The resources and commerce of Harborough Rent Centre turned into as soon as bought in March 2023, increasing the branch network to fifteen net sites and further strengthening the company’s space in central England.
The Morris Leslie Community general, whose actions consist of the rent and sale of plant equipment and power, provision of self-storage facilities, as correctly as renting of enterprise and residential properties and public sale of automobiles, delivered turnover of £72.8m. This turned into as soon as 1% earlier than the outdated year. Pre-tax profit turned into as soon as down 2% at £12.4m (2022: £12.7m).
Graham Ogilvie, neighborhood operations director of Morris Leslie Ltd and managing director of Morris Leslie Plant Rent, talked about: “Despite tough economic stipulations, we are glad to ascertain these certain figures in our annual accounts which helps our persisted investment in the expansion of the neighborhood.”
Bought a legend? Electronic mail information@theconstructionindex.co.uk
