Ainscough Crane Hire has filed its results for the year to September 2024, which show that pre-tax profit increased to 拢11.3m, up from 拢7.6m in 2023.
In the year before that the private equity owned crane operator had had six consecutive years of losses.
Revenue for the year to September 2024 was up 4% to 拢121.9m, from 拢116.8m in the previous year.
Directors said that the improved trading performance in recent years, following a number of years of disrupted trading, including the covid years, had provided a more stable environment and supported investment in the crane fleet.聽 In the year to September 2024, Ainscough invested 拢26.0m in fixed assets, of which 拢24.5m was in cranes. Despite this increased investment, headroom under available borrowing facilities remained high at 拢29m.
Chief executive Peter Gibbs said: 鈥淭he UK construction market continues to be a challenging environment in which to operate. However, Ainscough鈥檚 relentless focus on safety and service provides a compelling offer for those customers operating to the highest standards. We continue to re-invest our profits into the latest crane models offering greater levels of capability and flexibility to satisfy the needs of our customers.鈥�
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