Fast Track 100

This Leicestershire hire firm was founded in 2002 when Peter Cosgrove and John Chappell bought Rushlift Mechanical Handling and sold a 26% stake to Nova Capital. The company has since made five acquisitions and more are planned. Cosgrove has a good track record and says he helped to expand the Lex Harvey forklift truck business, pushing up sales from £16m to £220m. Current contracts for Specialist Hire Group include a fiveyear arrangement to supply forklifts to British Airways. The company’s sales grew 61% a year from an annualised £5m in 2003 to £21m in 2006.

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Company details
CompanySpecialist Hire Group
ActivityIndustrial vehicle provider
Annual sales rise over 3 years60.84%
Latest sales £000s20,991

If applicable:

* supplied by company † annualised figure