Following a retender process, Amey has decided to drop HSS Hire Group as its tool supplier after nine years and move to another supplier.
The Amey equipment rental managed service contract had been worth around £25m a year in revenue to HSS, or 7% of group revenue, from which it made £2.4m profit, or 10% of adjusted Ebita, in 2023.
Last year Amey agreed a two year contract extension with HSS but has now decided to end it early in December 2024, subject to any transitional services that HSS may agree.
It also means that Amey employees will lose their 40% staff discount on HSS catalogue prices.
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