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Beaver 84, a UK leading supplier of scaffolding, fencing, groundwork’s and events has announced massive profit gains.
Recently published results reveal that scaffolding supplier Altrad Beaver 84 grew its profits by a staggering 53 per cent in the last financial year. Beaver 84’s success is a product of an improved purchasing strategy, freeing up cash to continue growth across the company’s three product sets, Access, Groundwork’s and Events.
As a result, new kit, partnerships, and a telling takeover of staging/structures/rigging and design specialist Star Events Group in the summer, have served to push up profitability without compromising quality.
Managing Director, Steve Tysoe, said: “As well as developing our existing portfolio, we looked to invest in products that clients were struggling to source. In the process, we grew the rental side of our business by 35 per cent, a fact reflected in the financial figures.”
Beaver 84 is closing in on two further acquisitions, as well as developing more equipment, and Tysoe expects to see similar growth in 2015.
