01.10.2004

Mite end all access activities

Generation, which specialises in the hire and sale of both façade scaffold and alloy towers, has been bought by a team led by the current managing director Mark Clifford.

The company made £700,000 in the year ending March 2004.
Mitie expects to take a £3.4 million exceptional loss on the sale.

Chief executive Ian Stewart said: “The sale of Generation is the appropriate strategic movie for Mitie. I wish the management team every success in their venture.”

Mitie sold its powered access division over two years ago also to a management buy out, That company, now known as The Platform company has flourished since it left the group and was one of the fastest growing companies within the Cranes&Access Top 20 UK/Ireland rental companies in 2004.