Plant and equipment hire company Eagle Plant Hire is now under the sole ownership of Managing Director Colin Inglis, after he bought his brother’s 50% share.
Eagle provides plant hire equipment to large and small construction companies across Scotland, such as house builders, civil engineers and utilities.
The business has grown rapidly in recent years, with turnover passing £2 million for the first time in 2016. This growth has lead to the purchase earlier this year of 40,000 sq ft of additional yard space opposite the company’s premises on Gateside Street in Dennistoun, to accommodate a growing fleet of equipment.
The Eagle team has also grown from 16 employees at the start of this year to 20, with the recruitment of a further three employees expected in the coming months.
Colin Inglis, owner of Eagle Plant Hire said: “Making the investment of buying the business outright is a demonstration of how confident I am in Eagle’s future. I am very optimistic that 2017 will see a continuation of the solid and steady growth we have seen since my brother Alan and I bought the business together, back in 2005. This year, our turnover has gone through £2 million for the first time, compared to a turnover of just £250,000 in 2005. We are expecting turnover to grow by a further 30% in 2017.
“We are seeing sustained growth and demand for our equipment across all sectors. In 2016 we took delivery of our 50th excavator, and we intend to increase this by around 50% again in 2017 to support our groundworks, utility and civil engineering clients.
“We have also had a great response to our recent move into new areas, such as providing temporary traffic lights, traffic control signage and barriers. Existing customers are using us for this service and we are also attracting new customers. We also plan to keep reinvesting in the latest technology, like our recent renewal of our power tools fleet. Having grown steadily through a recession, I see a very bright future ahead for Eagle Plant Hire.”