HSS confirmed the switch in a stock exchange update this morning on its largest customer.
It said:”HSS Hire Group Plc announces that, following a retender process it has been notified by Amey Plc of its decision to move to another supplier for the provision of its equipment rental managed service contract.
“The supplier agreement will end early December 2024 subject to any transitional services that HSS may agree with Amey.”
The agreement started in December 2015 and accounted for approximately 7% of HSS group revenue and 10% of adjusted EBITA in 2023 which would be £24.5m and £6.5m respectively.
