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Tiphook delays shares listing but opens depi

6th July 1985, Page 6
6th July 1985
Page 6
Page 6, 6th July 1985 — Tiphook delays shares listing but opens depi
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T1PHOOK Holdings, container and trailer leas group, has postponed plam seek a full Stock Exchal listing.

A formal announcem was expected on Friday week, but Barclays Merch Bank — which was handl the sale of ordinary shares Tiphook —. postponed listing application ,after shares prices fell last.week.

The prospectus is now pected to be published on J 19.

Meanwhile, one of phook's subsidiaries, Cery Trailer Rental, opened a n Scottish depot this week, fifth in Britain.

Central has bought a ti acre site next to the Leyk Trucks plant at Bathg: (scheduled for early closu following the purchase of trailers from Gylcmuir Edinburgh. Gylemuir I withdrawn from the rer market, but continues as Crane Fruehauf agent.

At the official opening the site on July 4 new trail on show included 27,000 li stainless steel tankers, in lated curtainsiders and roll. bed curtain-siders, availal for both long-term hire a spot hire.

Central has grown substa tially since it was bou{ by Tiphook in 1982. T group prospectus for t postponed listing states that has 1,700 trailers available f hire, half of which are tin years old.

'Trailer rental is buoyant present, Central sales direct Ernie Clemson told CM ti week, helped in part by t phasing out of capital alio) anccs. The length of loi term rental contracts is i creasing, with terms of thr and five years becoming cor mon, and some firms goit for eight year rental.

Traditionally, one and tv year terms have been favour( Other Tiphook firms i dude Adamsons Contain( of Stockport and Tiphoc Container Rental, which r cently won a Queen's Awa. for Exports.


People: Ernie Clemson
Locations: Edinburgh, Stockport

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