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The latest update is out from HSS Hire ( (GB:HSS) ).
HSS Hire Group PLC announced the completion of its strategic transformation, highlighted by the separation of its ProService and The Hire Service Company (THSC) divisions. The company reported a challenging financial performance for the 15-month period ended March 2025, with a significant loss before tax due to market conditions and restructuring costs. Despite this, HSS has made significant strategic progress, including a long-term commercial agreement with Speedy Hire Plc and the conditional sale of THSC to Endless LLP, positioning itself as an asset-light, full-service marketplace business. This transformation is expected to enhance shareholder value and strengthen HSS’s market positioning.
More about HSS Hire
HSS Hire Group PLC operates in the equipment rental industry, providing a range of tools and equipment for hire. The company focuses on being a market-leading, digitally-led brand for equipment services, with a strong emphasis on its ProService division, which serves as a digital marketplace for building services across Europe.
Average Trading Volume: 1,255,757
Technical Sentiment Signal: Sell
Current Market Cap: £51.77M
For a thorough assessment of HSS stock, go to TipRanks’ Stock Analysis page.