Construction News

Sun November 29 2020

Related Information

Strong results for trailer specialist

8 Nov 13 King Vehicle Engineering, formerly King Trailers, saw its sales rise 38% for the year ending 31 March 2013 to £16.7m and pre-tax profit more than double to £1.13m.

Despite a difficult trading year for its trailer division due to limited investment from the construction industry, growth in its newly formed rail engineering division and good performance in the sale of large aerial platforms was complemented by some significant fleet orders for van mounted aerial platforms, the company said.

There was also a strong start for King's new distributorship for Palfinger hooklifts, which contributed sales of more than £2m.

In addition King's specialist vehicle rental division also posted a significantly increased profit.

Group managing director Mark Carrington, who also owns the Market Harborough-based business, said: “Despite all the recessionary threats limiting investment in our markets for capital equipment, King has worked hard to reduce its dependence on one particular market sector and our customers respect the increasingly diversified product range all geared to delivering a quality range of truck related equipment into key growth sectors of our chosen niche markets. I am particularly pleased with the way our workforce has accepted the need to continually train and adapt to the expanding range of products we offer such that we maintain our reputation for quality engineered product."

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

MPU
MPU

Click here to view more construction news »