2018 Group Results
Peter M. Dawson, Chairman, commented:
"In a year when we saw two key competitors in our sector fail both the high quality of Dawsongroup’s staff and the business approach adopted were emphasised.
Dawsongroup maintained its policy of investing in premium assets to see both revenue and profitability grow in addition to a couple of acquisitions that contributed to fleet size growth of over 25% in the year, while maintaining the group’s historically low gearing and high contractual revenue base. This gives us confidence that our success is sustainable long term.
However, nothing is taken for granted. Significant investments have also been made in further developing the group’s IT systems, particularly focusing on operational compliance and customer portal access, as well as staff training and motivation and developing new business opportunities for the future.
Our European businesses have performed well, with a new company, Dawsongroup Austria, being established to strengthen our footprint in continental Europe. The acquisition of Tectoniks, the company that supplies our inflatable structures, will allow Dawsongroup to invest in a wider inflatable product range and applications.
The removal of ‘rental’ from the operating company names to reflect the longer term, solution led consultative nature of the Dawsongroup business today was also completed in the year."
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