Northgate profits and fleet of vehicles motoring on

A North East based commercial vehicle hire firm has reported a substantial 12% increase in profits.

Northgate, of Darlington, announced profits of £27.4 million for the six months ended 31 October.

Northgate operate in the UK, Ireland and Spain and has grown its fleet of vehicles by 2,800 in the UK, including 900 from new sites opened since February 2013.

Three more new sites are planned by 30 April next year.

Bob Mackenzie, chairman, commented: “We are pleased to see the growth achieved in the first six months of the year, following the investment that has been made in our people, systems and network. The Board remains confident that we will continue to build on this platform for growth. The Group continues to trade in line with our expectations.”

Northgate is the leading light commercial vehicle hire business in the UK, Ireland and Spain by fleet size and has been operating in the sector since 1981.

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