Redde Northgate hails strong momentum as half-year revenues top £911m

North East vehicle rental and support services group Redde Northgate has hailed strong half-year performance following the launch of its integrated services platform.
The Darlington business – created three years through the merger of light commercial vehicle hire business Northgate with support specialist Redde – said new contract wins had helped revenues and profits rise. For the six months ended October 31 the listed group saw revenues increase by 30.9% to £911.3m, while earnings before interest and tax rose 1.6% to £113.3m. Pre-tax profits however fell 4.4% to £97.4m
The group said it saw strong growth in claims and services revenue, which rose 25.7% suppor …