For the 12 months to 31st March 2025 Fast Rent made a pre-tax lack of £1.5m (2024: £5.1m benefit) on income down 1% at £416.6m (2024: £421.5m).
Running benefit was once £13.4m (2024: £14.9m) however this was once eroded via finance prices expanding to £15.9m (2024: £12.7m).
It additionally spent £6.6m on ‘transformation prices’ and £1.2m on restructuring.
Web debt greater via £11.8m from £101.3m initially of the 12 months to £113.1m at 31st March 2025, because of greater rent fleet capital funding and transformation prices
Funding in rent stock greater from £42.5m in monetary 12 months 2024 to £57.5m remaining 12 months. It expects to take a position a equivalent quantity this 12 months.
Leader government Dan Evans mentioned: “While the macro-economic surroundings has remained difficult all over the 12 months, with delays in govt spending throughout plenty of key sectors and initiatives, there are certain expansion alternatives for the crowd as we pass into FY 2026 and past, with a promising pipeline of recent and current consumers who must get pleasure from greater govt and personal sector spending on infrastructure and development initiatives.”
He added: “We’re all for what we will be able to regulate, and we can proceed to regulate our price base and steadiness our funding selections in the course of the financial cycle. We’re neatly situated to capitalise on finish marketplace restoration.”
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