Speedy rules out fraud after £20m of kit goes missing

Speedy has ruled out fraud following an investigation 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.
In its latest update Speedy said: “Following completion of the investigation the Board has concluded that the issue resulted from problems with the company’s contr