Sound start for HSS

HSS, the plant and tool hire firm that floated on the London Stock Exchange earlier this year, has had a solid start to its new life. First quarter revenues at HSS were up 15% to £72.5m (2014 Q1: £62.9m) and trading in the second quarter is also ahead of last year.

In his first trading update, chief executive Chris Davies reported: “HSS delivered double digit revenue growth in both the Core and Specialist businesses through Q1. This performance leads us to believe that we are successfully taking market share from our competitors, both local and national. In addition to customer demand-led investment in our hire fleet, we have continued to invest in our platforms for growth; opening new local branches, recruiting and training new sales colleagues, developing larger account relationships and growing specialist businesses that enhance our ability to serve our customer base.”