Multi Equipment Rental

Article Abstract:

Multi Equipment Rental is a tool hire company that has perfroimed well since it was launched on the stock market in 1998. The company benefits from strong demand and is expanding. The scaffolding hire operation initially led to a start-up loss, but became profitable four months after the launch. The company may expand through acquisitions and has a strong enough computer system to deal with such an expansion. The company should achieve a profit of 1.1 million pounds sterling for 2000.

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Masters' performance

Article Abstract:

Christian Salvesen plans a demerger of Aggreko, a hire concern, and Chris Masters will be appointed Aggreko's executive chairman. Christian's Salvesen's board refused to recommend a bid for the company by Hays in Aug 1996 and the company's stock price has since fallen. The demerged business could attract bids from companies such as Caterpillar. Critics argue that Christian Salvesen should have accepted the offer from Hays, and that this view is held by the market.

Christian Salvesen PLC

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High hopes for tool hire

Article Abstract:

Multi Equipment Rental hires out equipment to construction companies and demand for such equipment has been boosted by a number of projects such as office developments. The company uses three locations in and around London, England, which allow it to cover Greater London. The company also has a database to monitoring hiring activities. The company has invested in new equipment and is having to spend less on repairs, a cost reduction which helped boost profits in 1997.

Construction equipment industry

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