Plant, tool and equipment hire company GAP Group has posted record annual turnover of nearly £158 million, and is confident of increasing its market share as it continues to expand and recruit.
The Glasgow-based company’s latest accounts show pre-tax profits dipped to £15.8m in the year to March 31, from £18.6m in the prior 12 months, reflecting a tough pricing environment and heavy investment in future growth.
However, the profits are nearly double the £8.4m achieved in the year to March 2013, and contrast with sizeable annual pre-tax losses unveiled recently by rivals Speedy Hire and HSS Hire Group.
