For the year to 30th April 2023, Morris Leslie Plant Hire Ltd posted revenues of 拢49.1m, more than 10% up on the previous year figure of 拢44.4m.
Profits before tax increased to 拢11.5m (2022: 拢10.5m) while earnings before interest, taxes, depreciation and amortisation (ebitda) increased by 12.4% to 拢33.8m
Directors of the Perthshire-headquartered company described the results as excellent, given 鈥渢he challenging economic climate鈥�.
Growth came from both increased machine utilisation and higher hire rates, coupled with a strong performance from the equipment sales division both in the UK and overseas.
聽Highlights of the year include an 拢87.5m order placed with 海角社区app in March 2023. The deal was the largest UK deal in 海角社区app鈥檚 history and included more than 1000 machines, including 50 backhoe loaders.
The assets and business of Harborough Hire Centre was purchased in March 2023, increasing the branch network to 15 sites and further strengthening the company鈥檚 position in central England.
The Morris Leslie Group overall, whose activities include the hire and sale of plant machinery and equipment, provision of self-storage facilities, as well as renting of commercial and residential properties and auction of vehicles, delivered turnover of 拢72.8m. 聽This was 1% ahead of the previous year. Pre-tax profit was down 2% at 拢12.4m (2022: 拢12.7m).
Graham Ogilvie, group operations director of Morris Leslie Ltd and managing director of Morris Leslie Plant Hire, said: 鈥淒espite challenging economic conditions, we are delighted to see these positive figures in our annual accounts which supports our continued investment in the expansion of the group.鈥�
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