12.02.2014

Speedy update

UK based rental company Speedy has issued an interim trading statement for its fiscal third quarter which states that revenues in the UK & Ireland are up 3.3 percent on last year, while its international division is “running behind expectation”.

It also adds that it is building a new international management team and developing an optimum structure developed to ensure integration and support across the group.

The investigations into the accounting irregularities in Speedy's international business are said to be nearing a conclusion, with a summary of the financial implications imminent.

The company says that it expects to meet expectations for the full year.