Annual Report and Accounts 2012 - Speedy Hire plc
Annual Report and Accounts 2012 - Speedy Hire plc
Annual Report and Accounts 2012 - Speedy Hire plc
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Measured<br />
progress<br />
Financial highlights<br />
On track for<br />
sustainable progress<br />
A continuing drive to keep a tight<br />
control over costs, strengthen our<br />
revenue base <strong>and</strong> maximise cash<br />
generation has contributed to<br />
improved profitability <strong>and</strong> significant<br />
reductions in net debt.<br />
Our strategy<br />
Sticking to what<br />
we do best<br />
Our strategy remains unchanged.<br />
In the UK <strong>and</strong> Irel<strong>and</strong> we continue<br />
to build solid relationships to<br />
increase our market share in the<br />
hire market. Internationally, we work<br />
closely with key clients <strong>and</strong> identify<br />
ways in which we can support<br />
them in their activities overseas.<br />
We offer added value services –<br />
such as health <strong>and</strong> safety training<br />
– to extend our core business<br />
<strong>and</strong> we provide a comprehensive<br />
range of consumable items <strong>and</strong><br />
personal protective equipment for<br />
sale as well as advising customers<br />
on hire, lease or purchase of their<br />
core equipment.<br />
A better way<br />
Underst<strong>and</strong>ing<br />
our markets<br />
UK construction industry output<br />
experienced moderate growth<br />
against 2010. Private housing <strong>and</strong> the<br />
infrastructure sector saw more activity<br />
<strong>and</strong> the largest recovery compared<br />
to the previous year.<br />
See: page 06<br />
A better way<br />
Leveraging strong<br />
relationships with<br />
diverse customers<br />
Building relationships with major<br />
customers <strong>and</strong> non-construction<br />
companies is paying off for <strong>Speedy</strong>.<br />
See: page 10<br />
A better way<br />
Stabilised <strong>and</strong><br />
strengthened<br />
This year has seen strong cash<br />
management, a continued focus<br />
on operational efficiency to reduce<br />
controllable costs <strong>and</strong> a number of<br />
new contracts signed or renewed.<br />
See: page 14<br />
A better way<br />
Targeted success<br />
<strong>Speedy</strong> has continued to target<br />
sustainable markets <strong>and</strong> in<br />
particular the infrastructure sector<br />
which covers utilities (water, waste,<br />
energy) <strong>and</strong> transport (rail, roads,<br />
ports, airports).<br />
See: page 08<br />
A better way<br />
A leadership business<br />
<strong>Speedy</strong> has demonstrated its<br />
market-leading position in a number<br />
of areas including its property<br />
portfolio, products <strong>and</strong> services,<br />
people <strong>and</strong> supply chain.<br />
See: page 12<br />
A better way<br />
Sustainable business<br />
is better business<br />
At <strong>Speedy</strong>, sustainability is high<br />
on the agenda. That’s why we’ve<br />
developed One Plan: a strategy to<br />
help us, our customers <strong>and</strong> our<br />
suppliers operate more effectively,<br />
efficiently <strong>and</strong> sustainably.<br />
See: page 16<br />
Overview 03<br />
<strong>Speedy</strong> <strong>Hire</strong> Plc <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> <strong>2012</strong><br />
Overview
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