SPEEDY ASSET SERVICES LIMITED
Operating as the principal trading subsidiary of the listed group Speedy Hire plc, the company provides tool, plant, and equipment hire services across the UK.
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Cash
£429k
-94.8% vs 2025
Net assets
£32m
-39.8% lowest in 3 filed years
Employees
2,948
-0.2% vs 2025
Profit before tax
-£2.9m
-143.4% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Group's and the Company's ability to continue as a going concern, specifically in relation to the risk of a breach of financial covenants under the Group's banking facilities.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £413,913,000 | £410,264,000 | £409,554,000 | -0.2% | |
| Operating profit | £10,049,000 | £11,606,000 | -£13,472,000 | -216.1% | |
| Profit before tax | £1,192,000 | £6,566,000 | -£2,851,000 | -143.4% | |
| Net profit | -£436,000 | £4,111,000 | — | — | |
| Cash | £76,000 | £8,230,000 | £429,000 | -94.8% | |
| Total assets less current liabilities | £138,365,000 | £149,118,000 | £134,275,000 | -10% | |
| Net assets | £48,793,000 | £52,714,000 | £31,747,000 | -39.8% | |
| Equity | £48,793,000 | £52,714,000 | £31,747,000 | -39.8% | |
| Average employees | 3,050 | 2,953 | 2,948 | -0.2% | |
| Wages | £98,981,000 | £104,346,000 | £104,767,000 | +0.4% | |
| Directors' remuneration | — | £0 | £0 | — | |
| Directors' pension contributions | — | £0 | £0 | — | |
| Highest paid director | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 2.4% | 2.8% | -3.3% | |
| Net margin | -0.1% | 1.0% | — | |
| Return on capital employed | 7.3% | 7.8% | -10.0% | |
| Gearing (liabilities / total assets) | 90.0% | 89.4% | 94.2% | |
| Current ratio | 0.44x | 0.43x | 0.38x | |
| Interest cover | 1.13x | 1.77x | -0.89x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Group's and the Company's ability to continue as a going concern, specifically in relation to the risk of a breach of financial covenants under the Group's banking facilities.”
Group structure
- SPEEDY ASSET SERVICES LIMITED · parent
- Bucks Access Rentals Limited 100%
- Crewe Plant Hire Limited 100%
- Green Power Hire Limited 100%
- Lifterz Holdings Limited 100%
- Lifterz Limited 100%
- Lifterz (Scot) Limited 100%
- OHP Limited 100%
- Platform Sales & Hire Limited 100%
- Prolift Access Limited 100%
- Rail Hire (UK) Ltd 100%
- SHH 501 Limited 100%
- Speedy Hydrogen Solutions Limited 50%
Significant events
- “On 6 October 2025, Speedy Hire Plc announced that its subsidiary Speedy Asset Services Limited ('SASL') - the Company - entered into a comprehensive commercial hire and services supply agreement with HSS ProService Limited ('ProService') and acquired assets and rights of first refusal.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUNT, Neil John | Secretary | 2017-09-26 | — | — |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2009-03-16 | — | — |
| COTTRELL, Judith | Director | 2026-07-02 | Nov 1971 | British |
| EVANS, Daniel John | Director | 2020-07-31 | Sep 1985 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLAIR, James Edward | Secretary | 2012-04-01 | 2017-03-30 |
| KONCAREVIC, Suzana | Secretary | 2009-07-22 | 2012-03-31 |
| RAWNSLEY | Corporate Secretary | 2009-03-16 | 2009-07-22 |
| ATKIN, Tracey Maria | Director | 2014-10-15 | 2016-01-31 |
| BENNETT, Antony | Director | 2014-10-15 | 2015-06-19 |
| BUNN, James Richard | Director | 2020-09-18 | 2022-12-09 |
| CORCORAN, Steven James | Director | 2009-03-16 | 2014-04-14 |
| DOWN, Russell | Director | 2015-06-19 | 2022-09-30 |
| KRIGE, Lynette Gillian | Director | 2011-09-29 | 2014-10-15 |
| MCGRATH, Michael Andrew | Director | 2009-03-16 | 2013-12-05 |
| MORGAN, Thomas Christopher | Director | 2016-04-01 | 2020-07-31 |
| RAYNER, Paul Adrian | Director | 2022-12-09 | 2026-07-02 |
| READ, Justin Richard | Director | 2009-03-16 | 2011-08-27 |
| ROGERSON, Mark | Director | 2013-12-02 | 2015-06-30 |
| VERITIERO, Claudio | Director | 2009-03-16 | 2010-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Speedy Hire Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-12 | AA | accounts | Accounts with accounts type full | |
| 2022-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-19 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.