Construction News

Thu September 24 2020

Related Information

Access and accommodation hires improve at Banner Plant

24 Aug 11 Banner Plant is increasing its investment in new kit on the back of rising demand for powered access and accommodation units.

Parent company Henry Boot has described Banner Plant’s trading results for the first six months of 2011 as “encouraging” adding, however, that it is “maintaining the cautious approach adopted over the last two years”.

All categories of equipment traded well at Banner, the company said, but growth was particularly strong in powered access and accommodation.

This improvement in activity has enabled the purse strings to be loosened a little to expand the fleet. Investment has been increased mini-excavators and telehandlers as well as powered access and accommodation units.

The rate of disposal of older inventory has also slowed.

In its interim financial statement, Henry Boot said of Banner: “This increased investment has been balanced against depreciation charges with the aim of remaining cash flow neutral during the year and borrowings within the plant business remain at their lowest levels for over ten years.”

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »