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Nixon Hire Announce Major Investment Plans

25 April 2013
We are delighted to announce multi-million pound investment into the business. After reporting an increase in turnover of 16% for the year ending 31st December 2012, the company has planned expenditure for 2013 which exceeds £10 million. Combined with spend in 2012, this figure will provide a total capital investment for Nixon Hire of over £20 million since 2011.

Keen to ensure that we continue to offer customers modern equipment which boasts minimal downtime, lower repair costs and excellent safety features, we are implementing plans for a £5 million investment in plant equipment, £3 million into accommodation units and £2 million into vehicles.

Graham Nixon, Joint Managing Director, commented;

"This investment is significant for Nixon Hire. We are experiencing a huge increase in demand from our customers for our products and of course, we want to be able to continue to meet this. The commitment to invest in our products and services is great news for the company, our supply chain and the 340 people we employ as it supports confidence for business growth and development."

"We consider capital expenditure projects very carefully and work hard to ensure that our exacting requirements are met by our suppliers. We don't just look for the cheapest product - we ensure that the products deliver overall good value for money."

So far this year, Nixon Hire have committed to orders worth over £3.7 million to increase the numbers of welfarevans and compaction equipment available to hire and these new products will be in circulation by Autumn 2013.

Talking about the orders already placed, Graham added; "Rollers are a good staple of a plant & tool hire business. The Bomag BW120 rollers which we have purchased have a very productive output as well as being reliable, modern and fully specified with the latest safety features."

He went on to say; "Welfarevans are really changing the way our customers design their site operations. They include a canteen, toilet and drying facilities, providing a very flexible approach to short term site accommodation. With high specification equipment included, they offer a comfortable and cost effective solution for onsite facilities. The product we can offer customers is of excellent quality and is tough enough to stand the demands placed on hire equipment."

"The purchase of this equipment, with plans for further investment, means that Nixon Hire cannot not just meet current demand but also ensure that future enquiries can be accommodated."

We will update you on our investment plans over the coming months.

Nixon Hire Fleet Investment