06.08.2021

£7.5m investment for Quick Reach

UK rental company Quick Reach has ordered 270 new aerial work platforms, telehandlers and Rough Terrain fork lifts, with a total value of around £7.5 million, all for delivery over the next six months.

The arrival of the new machines coincide with the opening of new depot in Teesside this October. The order will include a high proportion of all electric or hybrid models from leading manufacturers Genie, JLG, Manitou, Dingli, Niftylift, Haulotte and LGMG.
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The first units arrive, in this case LGMG boom lifts

Chief executive David Barton said: “Our recent investment of over £7 million drives an extensive growth strategy that will also support our new Teesside depot. Quick Reach is in its strongest position in our short history, to respond to this Covid-19 crisis and to prepare for the recovery to come. This includes the strength of our balance sheet and cash flow, as we remain focused on disciplined capital allocation and cost management.”

“It has been a year since we tragically lost my brother and Quick Reach co-founder John Barton, and with all the global uncertainties we still face it’s great to share positive news. We look forward to announcing further growth news in the months to come.”

Engineering director Jim Dorricott added: “Over the last two years the business has closely been monitoring reliability statistics and also the overall cost of ownership by manufacturer. We have carefully chosen our suppliers on the back of this work to provide only the very best products for our customers.”

“A large percentage of the equipment purchased is powered by Hybrid technology in line with our business strategy ‘reaching for greener’ and we are particularly excited to welcome the new Haulotte HS18E pro All Electric Rough Terrain scissor lifts into the fleet later this year as a first real alternative to diesel powered variants. We have also made a substantial investment into telehandlers and forklifts to support our Industrial side of the business, all of this equipment will arrive with full COMAH specification.”
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Founded in 2014, Quick Reach operates from Manchester, London, West Bromwich, Doncaster and Wishaw in Scotland. The company’s fleet includes push arounds, scissor and spider lifts, mast and articulated booms and telehandlers. It has also said it it is likely that it will invest in more new equipment before the end of the year.