Perthshire-headquartered Morris Leslie Plant Hire is gearing up for further growth following strong financial results last year.
It posted revenues of £49.121m in 2022/23, an increase of over 10% from the previous year figure of £44.4m. Profits before tax increased to £11.503m for 2022/23 (2021/22: £10.543m).
Despite the challenging economic climate, not just in the UK but globally, the business says it has delivered an excellent set of results on the back of improved hire rates and increased utilisation levels coupled with a strong performance from the sales division both in the UK and overseas.
Investment for the financial year exceeded £75m, maintaining the business’s position as the largest and youngest low emission, fuel efficient fleet in the UK. The assets and business of Harborough Hire Centre were purchased in March 2023, increasing the branch network to 15 sites and further strengthening the company’s position in the Midlands.
