Nixon Hire returned to profit last year following the completion of a group restructuring which led to the closure of six depots.
The industrial equipment company, formed 52 years ago and headquartered in Newcastle, initially operated as a plant hire company with room to service no more than three machines at a time.
The company has since grown to own and operate depots across the North and Scotland, providing plant, tools, accommodation units, portable toilets and site equipment for hire.
Latest accounts for John Nixon Ltd which trades as Nixon Hire outline how the firm has spent more than a year restructuring the business, closing loss-making depots and focusing on maximising revenues.
Over the course of 2020 depots were closed in …
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