Member Article

York’s Portakabin to invest £22m in fleet expansion

Building solutions provider Portakabin Hire has revealed that it will invest £22m in new modular buildings, which will be available for hire.

Responding to the rising demand of accommodation for interim use, both in the commercial and public sectors, the York-based firm hopes the latest investment will put the company at the forefront of UK accommodation solutions.

The £10m first phase of the investment has already been completed and included £3m for new double classrooms which are already helping schools and LEAs to address the urgent shortfall in teaching accommodation for primary education across the UK. The second phase of new modular buildings will be manufactured and in stock before the end of this year.

Commenting on the initiative, Robert Snook, Director and General Manager of Portakabin Hire said, “We have ambitious plans to grow the business and our continued investment in new buildings is central to that and will help us meet the increased demand for interim accommodation solutions across the UK.”

“This latest investment will enable us to offer an even better quality hire fleet that is the most modern in the UK. Our customers will also benefit from faster lead times for buildings for short-term use and with no front loading of costs to pay for manufacturing. We offer a flat rate hire cost so our customers have no capital outlay, allowing buildings to be funded cost effectively out of revenue budgets.”

In addition to the fleet expansion, Portakabin has an ongoing programme of investment in its Hire Centre estate. This will enable it to service the needs of local organisations and businesses more effectively, and the requirements of major projects nationwide.

New initiatives include a new Hire Centre in Coventry, the relocation of the Crawley Hire Centre to a much larger site at Lingfield as well as new covered workshops and stores buildings in Merseyside and in Oldham.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →