Why Invest
A Compelling Proposition
As a resilient and ambitious business, our transformational strategy ‘Velocity’ has set out transparent KPIs based on increasing revenue and improving operational efficiencies to drive profitability and deliver returns for our investor community.
By 2028, we are targeting to:
- Grow revenues to £650m
- Grow EBITDA margin to 28%
- Maintain sustainable leverage* at 1.0-2.0x EBITDA
* Leverage: Net debt to EBITDA. This metric excludes the impact of IFRS 16.
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Robust business with the ability to develop revenue, grow EBITDA, expand margins and increase shareholder returns, supported by long-term end-market fundamentals across infrastructure, construction, industrial, Support Services and RMI* as well as trade, creating visible, resilient and less cyclical revenue streams.
- Ability to develop revenue and grow EBITDA
- Serving a significant number of the UK’s top 100 contractors**
- £90m+ annual revenues secured through recently won multi-year contracts
* Repair Maintenance Improvement (housing and construction).
** Source – Glenigan Limited: Top 100 contractors by value of award for the period from April 2025 to March 2026.
Strong balance sheet and cash generation, with significant banking facility headroom with which to grow the business organically and through value enhancing acquisitions or major strategic projects, coupled with a clear capital allocation investment and dividend policy.
- 102.3% cash conversion from EBITDA
- 0.70 pence final dividend, bringing full year dividend to 1.00 pence
- (1.71) pence adjusted EPS*
- 3.3x leverage**
* See note 9 to the Financial Statements - 2026 Annual Report and Accounts
** Leverage: Net debt to EBITDA. This metric excludes the impact of IFRS 16.
Bold, purpose-led Velocity strategy to accelerate profitable growth and become
the UK’s most efficient and sustainable hire business, driven by data – optimising
our network, logistics and products – and powered by our people.
- £416.1m Revenue
- Investment in property and logistics network upgrades driving sustainable efficiency
- AI driven asset management and logistics
- Award winning People First programme*
* Recognised by Inspiring Workplaces as a Top 50 Employer.
A recognised sustainability leader in the UK, bringing sustainable products and service innovation to the hire sector.
- 57.9% of revenue generated from eco products
- 45.4% reduction in our scope 1 and 2 emissions vs a FY2020 baseline
- Gold accreditation from Investors In People for investment in apprentices
- £62.3m of social value created
Growth Targets
See our projected growth targets by 2028 here.
Stockbrokers
Panmure Liberum Capital Limited
Canaccord Genuity
88 Wood Street, 10th Floor, London, EC2V 7QR
Investor Enquiries
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