GAP Group posts record turnover and recruits for growth
GAP Hire Solutions

GAP Group posts record turnover and recruits for growth

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.

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