Newton-le-Willows-headquartered Speedy Hire has launched an investigation after discovering equipment worth over £20m is missing.
The loss was uncovered as the company completed a count of its hire equipment before its 2023 audit.
Speedy Hire said the missing equipment will lead to a one-off, non-cash write down of its balance sheet of non-itemised assets for the year to March 31, 2023.