ProService Completes Shift to Asset-Light Marketplace as Profits Squeezed by Transformation Costs

HSS Hire ( (GB:PRO) ) has shared an announcement.

ProService Building Services Marketplace has completed its transition from a traditional hire business to an asset-light, pure-play digital marketplace, marked by the disposal of The Hire Service Company, the start of an exclusive commercial supply agreement with Speedy Hire and the group’s rebranding from HSS Hire. For the six months to 30 September 2025, revenue from continuing operations fell 13.9% to £135.6m and underlying EBITDA dropped to £14.2m amid challenging market conditions and deal-related costs, while gross margin improved to 46.1%. Early trading under the Speedy Hire agreement has been positive but integration disruption, ramp-up costs and a weak commercial environment are expected to leave FY26 revenue around £260m and EBITDA roughly breakeven, below earlier market expectations. The board sees FY27 as a transitional year but remains confident that the Speedy Hire rehire, resale and training partnership will be earnings-accretive by the year ending March 2027, supporting ProService’s strategic shift and long-term marketplace margin ambitions as it continues debt refinancing discussions.

More about HSS Hire

ProService Building Services Marketplace plc, formerly HSS Hire Group, is a UK-listed, technology-driven digital marketplace focused on connecting buyers and sellers of a broad range of building services, including equipment hire, resale, materials and training. Operating an asset-light, scalable platform model, the group targets growth through marketplace penetration and strategic commercial partnerships in the construction and building services sectors.

Average Trading Volume: 1,381,762

Technical Sentiment Signal: Sell

Current Market Cap: £65.94M

For detailed information about PRO stock, go to TipRanks’ Stock Analysis page.