Record year for Rushlift

News Story
- 21 Feb 2013 ( #604 ) - Bishop Auckland, United Kingdom
2 min read
The Specialist Hire Group Ltd (SHG) has reported a record year after a strong performance by its forklift division, Rushlift Ltd.

In the year to 31 August 2012, SHG posted record levels of turnover and earnings. Group sales rose by 23% to GBP28.8 million (USD44.5 million), while pre-tax profits soared by 124% to GBP1.8 million (USD2.8 million).

SHG says Rushlift has grown into the largest independent materials handling supplier in the UK, with key accounts including British Airways, Tata Steel and Saint-Gobain.

Rushlift managing director Graham Farquhar cites the hard work of employees, as well as continued investment in new technology and infrastructure, as key factors in the company's growth.

He adds that the company has invested heavily in its IT infrastructure and notes the successful roll-out of hand-held technology to its engineers, feeding real-time information into its fleet management system, which can be viewed by customers.

In addition to new contract signings, high contract renewal levels have also significantly enhanced group earnings, while SHG heavy forklift subsidiary Sleabond, which is the UK's national distributor for Svetruck, also reported an 8.3% increase in pre-tax earnings.

"Our existing contracts have been supplemented by significant new deals and more businesses are finding out about our customer-centred approach, focusing on what the customer does and how they do it, rather than supplying a particular brand of machine," Farquhar says.

Despite difficult market conditions in the construction sector, the group's mobile crane division also traded robustly, with a 90% increase in pre-tax earnings.

"We believe that our independent approach aligns us closely with our customers' requirement," Farquhar explains. "In times of uncertainty, that approach has really helped us to continue our growth trajectory."

The group hires and maintains industrial equipment nationwide through its subsidiary companies Rushlift and Sleabond, and hires mobile cranes from 8 - 200 T through Specialist Crane Hire. The business was established in 2002 and employs over 240 people in eight locations in the UK.
Forklift driver breaks world record
Forklift driver breaks world record 2 May 2024 - Norwich, United Kingdom - <1 min read
KION posts records FY earnings
KION posts records FY earnings 7 Mar 2024 - Frankfurt, Germany - 1 min read
Hyster-Yale posts strong Q4 and FY earnings
Hyster-Yale posts strong Q4 and FY earnings 7 Mar 2024 - Cleveland, OH, United States - 1 min read
Previously about:
DIV UK buys Rushlift News Story - 5 Mar 2015 - Northampton, United Kingdom - 3 min read
Rushlift wins Virgin tender News Story - 31 Oct 2013 - United Kingdom - 2 min read
Awards celebrate UK’s best News Story - 21 Feb 2013 - Birmingham, United Kingdom - 2 min read
Do you have materials handling news? Submit your news here

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

Words of support …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

In today's materials handling market, precision matters. With B2B expertise and an industry reputation built over 25 years, Forkliftaction helps you hit more targets at once.

⇒ Niche audience of 73,500+ opt-in subscribers
⇒ Over 1 million monthly web visits
⇒ News mailing open rate averages 34%
⇒ Geo-targeted and regional advertising
⇒ Brand-first advertising formats that stick

[Download our latest media kit] for statistics, editorial details and our full media offer. 

PREMIUM business

Noblelift
Global leader and manufacturer of high quality electric, lithium-ion, and IC material handling equipment.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET