Municipal Hire Services

Bristol-based Municipal Hire Services can trace its origins back to 1840, but growth did not take off until 1998 when the management staged a buyout backed by 3i, the venture-capital firm.

From 245 vehicles in 1998, the company now has more than 3,500 specialised vehicles such as road sweepers and refuse collectors that can be hired for periods of up to 15 years. Local councils account for 80% of its customers. Profits have grown 43% a year from £2m in 1999 to £5.8m in 2002.

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Company details
Year2003
Rank67
CompanyMunicipal Hire Services
ActivityVehicle hirer
LocationBristol
Annual profit growth42.60%
Latest profits £000s5,779
Latest sales £000s31,636
Staff201
Founded1840
Websitewww.mhs-hire.co.uk

If applicable:

* supplied by company † annualised figure