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.