Ad
Saturday, June 21, 2025
28.6 C
London

The Voice of Scaffolding Since 2008  |  U.K. Edition

Turnover booms at major scaffolding suppliers

- Advertisement -

West Midlands-based Scaffolding and building equipment supplier Generation (UK) recently achieved a turnover exceeding £130m according to new documents.

Owned by the Altrad Group, Generation (UK), which trades as Altrad Generation Hire & Sales, is the UK’s largest scaffolding and no-mechanical building equipment supplier. The business provides scaffolding for sale and hire and other construction supplies through its network of branches across both the UK and the Republic of Ireland.

According to its latest financial statements, the company generated £134.4m in turnover for the year ending 31 August 2022, a significant increase over £97.4m the previous year.

In the same period, pre-tax profits increased from £13.3m to £19.4m.

In a statement approved by the board said: “Trading conditions remained strong but competitive in the year ended 31 August 2022, with price increases and product availability affecting the market.

“Post-year-end trading has remained strong, with the performance being in line with expectations.”

The Generation (UK) brand has grown dramatically over the past few years following numerous industry mergers and buyouts, most recently with the acquisition of Actavo Hire & Sales in August 2021 for an estimated £40 million.

- Advertisement -

Popular this week >

Industry Unites Behind New Fall Protection Standard

The UK’s fall protection sector has joined forces in...

CITB Publishes Five-Year Workforce Outlook to Tackle Construction Skills Demand

The Construction Industry Training Board (CITB) has released a...

German Engineering Aids Landmark Bridge Renovation in Slovenia

Two major highway bridges near Maribor, Slovenia, are undergoing...

Altrad Raises €1.25bn in Debut Bond Offering Amid Strong Investor Demand

Industrial services giant Altrad has successfully raised €1.25 billion...

CISRS Scaffolding Training Returns to Yorkshire with New Wakefield Centre

After years without a dedicated local provider, Yorkshire has...
- Advertisements -

Related Articles >

Altrad Raises €1.25bn in Debut Bond Offering Amid Strong Investor Demand

Industrial services giant Altrad has successfully raised €1.25 billion through its first-ever public bond issuance, following its recent investment-grade rating from S&P Global Ratings. The Montpellier-based company, known for its work across energy, infrastructure,...

Latest Topics

Altrad Raises €1.25bn in Debut Bond Offering Amid Strong Investor Demand

Industrial services giant Altrad has successfully raised €1.25 billion...

CITB Publishes Five-Year Workforce Outlook to Tackle Construction Skills Demand

The Construction Industry Training Board (CITB) has released a...

German Engineering Aids Landmark Bridge Renovation in Slovenia

Two major highway bridges near Maribor, Slovenia, are undergoing...
- Advertisement -

Popular Categories