The boss of HSS Hire has said the tool rental firm has been "restored to full health" after its sales and profits jumped in 2022.
The Manchester-headquartered company has revealed its revenue increased by almost 10% to £332.8m last year while its pre-tax profits surged by 138% to £18.9m.
The new accounts come after the business made a loss of £29.6m in 2020 on a revenue of £250.1m.
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Chief executive Steve Ashmore said: "HSS achieved a second consecutive year of double-digit revenue growth in 2022 with our technology-led strategy continuing to deliver strong results.
"The business has been restored to full health, supported by motivated and engaged colleagues who are fully embracing our innovative customer-offering.
"We continue to deploy new technologies across both HSS ProService and HSS Operations with all these initiatives remaining on track or ahead of plan.
"In ProService, our digital self-serve portal - HSS Pro - is delivering stronger than anticipated results.
"Our growing pipeline of customers waiting to be onboarded to the portal reflects the significant need and demand that exists for our evolving marketplace proposition and differentiates HSS in the fragmented building services market.
"For HSS Operations, our technology has enabled enhancement to the service we offer while efficiently managing our well invested fleet.
"Our systems are also working to support our ESG agenda, allowing both HSS and our customers to make data driven choices on carbon emissions.
"We have started 2023 well, building on the previous year's momentum, and our focus remains firmly on sustaining our growth and upholding our position as the technology frontrunner in our sector."
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