Nationwide Hire Ltd, a UK construction equipment hire specialist employing 55 people, has entered administration after more than three decades in business. The Hampshire-based company filed a notice of intention to appoint administrators before officially entering administration on 28 July.
Financial struggles and loss
The company, which has been operating since 1995, acts as a nationwide equipment hire broker, sourcing machinery, tools and site equipment through a network of more than 900 suppliers. Its latest financial accounts, covering the year to September 2024, showed turnover of £11 million. However, the business recorded a pre-tax loss of £1 million while employing 55 members of staff.
Acquisition and rescue
Despite entering administration, the business has been rescued through a sale. Suppliers were informed this week that Nationwide Hire Solutions has been acquired by Alliance Hire Solutions Ltd, part of the Alliance Tool Hire Group. Under the deal, ownership of the business transfers to Alliance Hire Solutions, although it will continue trading under the Nationwide Hire Solutions brand.
Alliance Tool Hire Group
Alliance Tool Hire Group is one of the South of England's largest independent tool hire operators, with a network of 10 depots. The group provides access to powered access equipment, heavy plant machinery, tools, welfare units and waste management systems through a single point of contact for customers. The acquisition means the Nationwide Hire Solutions brand will continue operating despite the collapse of its trading company, bringing an end to a challenging period for the long-established construction hire specialist.
