£20m of missing kit blows hole in Speedy accounts

Hire giant Speedy saw profits slump in its latest accounts after £20m of kit was discovered “missing” earlier this year.
The hire giant launched a probe in February after a count-up of its kit revealed a £20.4m stock deficit in smaller site items like scaffolding towers, fencing and non-mechanical plant.
The investigation ruled out fraud and blamed the issues on “problems with the company’s controls and accounting procedures for non-itemised assets over a numb