Speedy Hire has ruled out fraud after its investigation into the disappearance of equipment worth over £20m concluded.
The Newton-le-Willows-headquartered company first discovered the loss following a count of its hire equipment before its 2023 audit.
At the time, the business said that the loss is expected to result in a one-off, non-cash write down of its balance sheet of non-itemised assets for the year to March 31, 2023.