Interim Management Statement

Speedy Hire PLC
18 February 2008



                                                                18 February 2008



                                Speedy Hire Plc

                  ('Speedy Hire', 'the Company', 'the Group')



                          Interim Management Statement

                   for the nine months ended 31 December 2007





The Board of Speedy Hire is pleased to provide the following interim management
statement for trading in the third quarter of the year.



The positive trading reported at the time of the interim results on 28 November
2007 has continued, with overall third quarter revenue up 43% on the comparative
quarter last year and the Group's revenue growth for the 9 months to 31 December
standing at 39%.



The Tool Hire and Equipment divisions continue to perform well generating
revenue growth of 47% and 30% respectively for the 9 month period.



The integration of Hewden Tools is now complete.  The ex-Hewden network has been
rebranded as Speedy Hire and the acquired depots transferred to Speedy's IT and
back office systems.  A harmonised price file has been established for customers
following the launch of the 2008 catalogue.  The integration has been achieved
in line with the original plan and budget.  As a consequence the combined
business is firmly on track to deliver the targeted synergies.



Following the acquisition of Hewden Tools net debt as of 31 December 2007 was
£271 million and gearing was circa 110% which is in line with internal
projections post the acquisition of Hewden Tools.



The Group's search for a new Finance Director is progressing well and an
announcement will be made in due course.



The outlook for Tool and Equipment hire remains positive.  Our principal markets
remain strong and post Christmas trading has started well.  The Group has
limited exposure to the housebuilding and retail sectors.  The board remains
confident that full year results will be in line with expectations.



Speedy Hire will announce its preliminary results on 28 May 2008.





                             www.speedyhire.plc.uk




For further information:


Speedy Hire Plc                             Hudson Sandler
Steve Corcoran, Chief Executive             Nick Lyon / Wendy Baker / Kate Hough
Neil O'Brien, Group Finance Director
Tel:  [phone]                         Tel:  [phone]





Notes to editors:



Speedy Hire Plc



Speedy is the UK's No.1 provider of tools and equipment for hire.  The Company
operates from over 500 depots throughout the UK.  The Group also operates in the
Republic of Ireland.



The Group's activities are the provision for hire of small tools, portable
accommodation, compressed air, pumps, lifting, material handling, survey and
measurement instrumentation and power generation equipment.




                      This information is provided by RNS
            The company news service from the London Stock Exchange