UK forklift sector increases value

News Story
- 25 Jan 2018 ( #856 ) - Stockton on Tees, United Kingdom
1 min read
London's Cannery Row financial hub. (PHOTO: SHUTTERSTOCK)
London's Cannery Row financial hub. (PHOTO: SHUTTERSTOCK)
Forklift financier DLL has been classed as the largest materials handling business in the United Kingdom.

The latest ranking by industry analyst Plimsoll keeps the Dutch-based global vendor finance company, a wholly owned subsidiary of Rabobank Group, in the top spot.

VP, which encompasses UK Forks, Groundforce, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside, TPA and TR Group, is ranked second.

Briggs Equipment comes in third, followed by Toyota Material Handling UK.

Jungheinrich UK moves from sixth to fifth and Hyster-Yale UK from seventh to sixth, thanks to Linde Material Handling (UK)'s fall from number five to number seven.

Plimsoll notes that the values of UK forklift businesses have increased on average by 5.7% in the last period, but 147 companies failed to increase in value at all.

The report points out that 99 companies have increased in value in each of the last three years.

The Plimsoll findings can be seen here.
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Previously about:
Small UK companies in difficulty, study says News Story - 17 Jun 2010 - Stockton, United Kingdom - 1 min read
Recession cost UK forklift industry GBP344M News Story - 17 Dec 2009 - Stockton, United Kingdom - 1 min read
New report reveals opportunities in the UK forklift market News Story - 26 Mar 2009 - London, United Kingdom - 1 min read
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