Portfolio News

LDC portfolio company Driver Hire UK celebrates record trading in September

Bradford-based Driver Hire Nationwide, part of the diversified recruitment group Specialist People Services (SPS), has just completed an all-time record month. Recording a turnover of £10.7m for September 2016, the UK’s leading specialist transport and logistics recruiter, which has network of 103 offices nationwide, continues to go from strength to strength.

Jeremy Neale, Driver Hire’s UK Managing Director, commented, “We’re delighted by the progress of our business over the past few years. Since 2013 we have seen annual network turnover increase by 28% to £100m. The positive growth is continuing in the current trading year and this September was the best month in our 30-year history. We have also won new business with several blue chip brands in recent months.”

Driver Hire specialises in the provision of temporary workers to the logistics sector, especially drivers. Neale puts the current success of the business down to several factors. These include a high demand for flexible labour, especially at a time where there is some uncertainty in the economy. The growth of internet shopping is another factor. And with Christmas approaching, a key trading period, the business is expecting more good news to come. 

“We meet a clear need for our customers,” says Neale. “When they need flexibility in their workforce, we step in. There’s an ongoing flight to quality – there are lots of people who do what we do, but our customers recognise that Driver Hire goes the extra mile in terms of its selection processes and business compliance.”

“In an industry where a missed deadline can be extremely expensive for our customers, we recognise the critical nature of what our staff do. Our customers count on us to provide the best possible staff every time. We will continue to focus on being the best at what we do, and I am very optimistic for the future.”

SPS, the diversified recruitment group that also owns rail recruitment firm ISS Labour, is backed by private equity firm LDC and has annual revenues of over £120m.

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.