Equipment hire firm files administration notice

Grant Prior 16 minutes ago
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Construction equipment hire specialist Nationwide Hire has filed a notice of intention to appoint administrators.

Latest accounts for the Hampshire based business show a turnover of £11m for the year to September 2024 generating a pre-tax loss of £1m while employing 55 staff.

The company has been in business since 1995 and works with more than 900 suppliers providing kit for sites across the country.

Nationwide Hire’s website describes the firm as: “The UK’s original equipment hire broker. One central office coordinating nationwide coverage for all your hire needs – powered access, plant, tools, power, fuel, welfare and more.”

Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.

For more information and to benefit from the Enquirer discount visit Red Flag Alert.

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