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Birmingham Post
Birmingham Post
Business
Jon Robinson

Speedy Hire rules out fraud as investigation into missing equipment worth £20m concludes

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.

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