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Investment in rental equipment pays off for north-east firm

By Mark Lammey
John Milne has expanded Hiretech’s fleet of equipment and services
John Milne has expanded Hiretech’s fleet of equipment and services

A north-east oilfield service firm is investing more than £1 million in rental equipment this year and recruiting extra staff to help meet growing demand.

Bosses at Hiretech said yesterday the equipment rental company had experienced a “dramatic upturn in business” since mid-2017 and celebrated a record-breaking month for turnover in June.

Hiretech, which is based in Fintray, near Dyce, Aberdeen, reported turnover of just under £500,000 last month, up 60% on its previous record monthly high, which was achieved in May 2018.

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