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Directors at Newcastle based Nixon Hire say they are excited for the firm’s “direction of travel”, after a year of strategic investment and divestment triggered a turnover increase to almost £100m.
The industrial equipment company, established in 1967, supplies plant, site accommodation, welfare and toilets to the construction, utilities, infrastructure, housebuilders and corporate sectors. Last year saw the business carry out a review of its operations to set it on a path to long-term sustainable growth.
Now accounts for 2023 have been filed, showing how the company made record capital investments of £40.1m into its fleet as well as making investments of £11m since 2022 into its renewable power division, while also resizing its plant fleet.
Accounts for 2023 show turnover increased by 18.7% from £83.9m in 2022 to
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