1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136 
CTR plans £55m revamp for its ageing trailer fleet
19th December 1996, Page 10
19th December 1996
Page 10
Page 10, 19th December 1996
— CTR plans £55m revamp for its ageing trailer fleet
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
• Trailer rental group CTR is to spend £55m updating its vehicles despite reduced profits, partly due to its ageing fleet.
The heavily indebted firm, formerly known as Tiphook, announced the renewal programme after reporting a 16% fall in turnover for the six months to the end of October. Profits fell by almost two thirds to £4m over the same period.
The company, which com
pleted its much heralded financial restructuring in July, blames the poor results on the strengthening of the pound and heavy undercutting in the UK trailer market.
However, CTR says that preChristmas demand has pushed up UK utilisation rates to record levels, allowing chief executive Ian Clubb to comment that he now views the future with "cautious optimism".
Tags
People:
Ian Clubb