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| SPEEDY LAUNCHES INTO GREEN SPACE |
Speedy Space, the accommodation division of Speedy Hire, has launched a new environmentally friendly on-site unit which reduces the carbon footprint of traditional short-term accommodation by over 50 per cent. |
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The new ENIVIRO-CABIN - developed in partnership with Speedy customer Simons Construction, Ultra Secure, and environmental specialist Frankham Consultancy - has been designed to the same environmental performance targets as a permanent commercial building, thereby significantly reducing energy costs for end users.
The units, which can be double stacked, incorporate improved heating and insulation, double glazing, improved construction detail and energy efficient lighting, while water usage reduction solutions have been fitted to toilet units.
Simons Construction, part of the £260m turnover Simons Group, will take delivery of the first 22 units later this month at its £40m Marriotts Close development in Witney where a new retail, leisure and residential quarter is being created, including a new cinema and 185 new homes.
Tom Gleeson, business excellence director for Speedy Space, said: "With environmental issues climbing higher up the agenda for businesses, the energy performance of on-site accommodation is a growing concern.
"But while the ENVIRO-CABIN can clearly help businesses demonstrate their commitment to sustainability, it also dramatically reduces operating costs of on-site temporary accommodation. With energy bills predicted to rise sharply in 2008, it makes sound commercial sense.
"This multi disciplinary joint venture demonstrates Speedy's ability to lead market development and deliver common goals for its customers and suppliers alike."
Rosi Fieldson, senior project architect for Simons Design, said: "We are very keen to cut the amount of carbon we are producing, and ensuring our on-site accommodation is environmentally friendly is part of a wider effort to understand and control how much carbon we are causing across our construction projects.
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"Clearly on-site accommodation is not the most energy consuming aspect of a construction site, but it is something we have direct control over and should therefore ensure is as energy efficient as possible."
All customers requiring further information should contact customer support at Speedy Space on 0845 850 4404, email enquiries@speedyspace.co.uk
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SPEEDY SPACE APPOINTS NEW DIRECTOR
Speedy Space, the accommodation division of Speedy Hire, the UK’s largest tool and equipment hire company, has strengthened its on-site accommodation business with the appointment of Campbell Rodden.
Campbell joins Speedy Space as business unit director of its Modular and Site Solutions operations. Together they offer customers a complete project management service from design through to on-site installation. He brings over 20 years of experience in the temporary accommodation business to Speedy, the last 14 years of which he spent at RB Farquhar (Hires) Ltd - a Scottish based modular accommodation business.
With an annual turnover of over £50 million and 21 depots across the UK, Speedy Space supplies a wide range of customers with temporary anti-vandal accommodation including modular systems, welfare units, security stores, offices, drying rooms, toilet blocks and customised units.
Speedy Space now boasts a comprehensive portfolio of four business units – Site Solutions, Modular, Welfare and Accommodation - bringing a unique range of services to the marketplace.
Speedy Space offers premium modular accommodation which is flexible and both quicker and cheaper than traditional build. Customers also have access to a dedicated project manager to oversee delivery, installation and liaise with all third parties. This service covers everything, right down to interior design and furniture if required. In addition, Speedy’s Independent welfare units allow sites and projects lacking in traditional mains service to be up and running in a short space of time, while complying with all health and safety regulations.
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Campbell said: “Speedy Hire is a fast growing company with big ambitions for its equipment businesses. We are aiming to continue this growth further in the next year, expanding beyond our traditional customer base within the construction industry.
“This all-inclusive package gives customers a single solution to their on-site accommodation needs. It means we can get them started on-site quickly and efficiently, helping projects hit completion dates and ultimately saving contractors money.”For further information on Speedy Space please call 0845 850 4404 or email enquiries@speedyspace.co.uk |
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ACQUISITIONS OF ACCOMMODATION HIRE AND SURVEY EQUIPMENT HIRE OPERATIONS
Speedy Hire announces the acquisition of the Caledonian Safemaker hire business. Caledonian Safemaker hires temporary accommodation to customers in construction and industry from 5 UK depots and has a rental fleet of approximately 4,700 units.
Speedy Hire announces the acquisition of the Caledonian Safemaker hire business. Caledonian Safemaker hires temporary accommodation to customers in construction and industry from 5 UK depots and has a rental fleet of approximately 4,700 units.
Total consideration will be £13.7 million to acquire the shares and settle outstanding debt. In the year ended 31 March 2005, Caledonian Safemaker generated an EBIT of £1.5 million and an EBITDA of £2.6 million from gross assets of approximately £12.5 million. Until recently, Caledonian Safemaker was a trading division of Caledonian Building Systems Limited, which hived out the business and assets of Caledonian Safemaker into a newly formed company prior to the acquisition. Following the acquisition, the Caledonian Safemaker depots will be incorporated into Speedy Hire’s existing accommodation hire business, Speedy Space Ltd, increasing the geographical coverage of the network and enhancing access to key geographical regions.
Speedy Hire also announces that it has strengthened its association with Mowlem plc (“Mowlem”) through the acquisition of their accommodation hire and survey equipment hire assets for a cash consideration of £5.1 million. The accommodation hire fleet comprises approximately 1,000 units. Following completion of the transaction Speedy Hire has entered into a five year exclusive supply agreement to provide the hire of temporary accommodation and a three year exclusive supply agreement to provide the hire of survey equipment to Mowlem. The existing trading agreement (consisting of other Speedy Hire products) which was due to expire on 31 December 2006 has also been extended to 31 December 2008.
Steve Corcoran, Chief Executive said “We are very pleased to have acquired two well invested and maintained accommodation fleets which will further enhance our ability to provide a high quality service to our customers. Both the Mowlem and Caledonian Safemaker hire operations will integrate easily into our existing Speedy Space business.
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| The acquisition of the Mowlem accommodation and survey assets accompanied with the extension of the existing trading agreement clearly displays the strength of the relationship that exists with Mowlem |
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| and is part of the continuing process of generating supply chain efficiencies between the companies. I am delighted that the relationships built over the past few years will not only continue but will now develop even further. I am also pleased to welcome those employees who are joining Speedy as a result of the acquisitions." |
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SPEEDY HIRE AND OSBORNE SIGN NEW THREE YEAR CONTRACTUAL AGREEMENT
Speedy Hire has secured a three-year contract to continue supplying tools and equipment to Osborne, one of the UK’s leading privately owned construction, civil engineering and property services contractors.
The contract, was awarded following a competitive tender and worth in the region of £3 million per annum, covers the provision of all tools and equipment to Osborne and includes equipment and support from Speedy’s specialist businesses – Speedy Lifting, Speedy Power, Speedy Pumps, Speedy Space and Speedy Survey.
Speedy Hire will also act as the sole agent for general plant administration.Speedy Hire will service the contract from a dedicated hire desk staffed within Osborne’s Chichester office. This will enable the contractor’s personnel to call one telephone number to access ordering, administration, management information and payments for tools and equipment which will be supplied from over 300 Speedy Hire branches and depots across the country.
A bespoke management package will also provide reports that monitor delivery and collection performance, equipment mix, breakdown response and spend analysis.
Osborne was founded in 1966 and has a turnover of £234 million. It employs over 1,000 people in nine regional offices, on numerous sites throughout the South East and the East Midlands and in shared client offices. |
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