Hireco (Tl) Limited

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Hireco (Tl) Limited - overview

Established

1998

Location

-, -, UK

Primary Industry

Logistics & Distribution

About

Hireco (Tl) Limited is a provider of fleet vehicle solutions, focusing on the supply and maintenance of modern trucks, trailers, and vans to meet diverse business needs. Founded in 1998, Hireco (Tl) Limited specializes in offering tailored fleet vehicle solutions. The company operates from its headquarters in the United Kingdom. James Smith serves as the CEO, bringing his extensive experience in the vehicle leasing industry.


Hireco has not reported any significant changes in business strategy or operations since its inception. Hireco specializes in providing comprehensive fleet vehicle solutions, focusing on the supply of modern trucks, trailers, and vans tailored to meet the diverse needs of businesses across various industries. Their core offerings include contract hire of tailored trucks and trailers, mobile van servicing, and advanced maintenance solutions, with an emphasis on sustainability through electric and solar-powered vehicles. The company caters to a broad client base, including logistics, transportation, and delivery companies, ensuring that its fleet solutions are always equipped with the latest technology and meet specific branding requirements.


Hireco's products are designed to enhance operational efficiency and reduce environmental impact, primarily serving markets in the United Kingdom, Northern Ireland, and Ireland, while also exploring opportunities in broader international markets. Hireco generates revenue primarily through contract hire agreements for its fleet vehicles, where clients can access tailored transportation solutions without long-term commitments. The transactions typically involve clients entering contracts for the use of vehicles, which include provisions for maintenance and support services. Hireco's pricing structure encompasses flexible and fixed-cost solutions that cater to various business needs, with packages designed to ensure maximum uptime and minimal hassle.


Through partnerships with leading manufacturers like Ford and MAN, Hireco enhances its service offerings and strengthens its market position. Specific pricing plans and transaction structures are aligned with the individual specifications of the vehicles and services provided.


Primary Industry

Logistics & Distribution

Sub Industries

Freight Transportation Services, Logistics & Distribution

Website

www.hireco.co.uk

Total Amount Raised

Subscriber access only

Hireco (Tl) Limited - timeline of key events

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Hireco (Tl) Limited - financials

Fiscal Year EndedFeb 28, 2018Feb 28, 2019Feb 29, 2020Feb 28, 2021Feb 28, 2022Feb 28, 2023
Revenue (USD)24,064,61826,100,30923,549,025---
% Revenue Growth (YoY)-8.5%(9.8%)---
EBITDA (USD)8,957,28610,362,89212,161,170---
Operating Income (USD)3,432,0633,808,1884,134,197---
Operating Margin14.3%14.6%17.6%---
% EBITDA Margin37.2%39.7%51.6%---
NET Income (USD)1,921,8262,067,6182,152,829---
% Net Margin8.0%7.9%9.1%---

Hireco (Tl) Limited - employee data

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