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Northgate plc
Going North – The company have had a fantastic first six months of their financial year

Northgate plc, specialists in light commercial vehicle hire in the UK and Spain, has reported a bumper performance for the first six months of their financial year.

Darlington based Northgate, has increased its interim dividend by over a third and trading since their six month report has also been ahead of expectations.

Underlying profits have increased by nearly 50% and pre-tax profits are up by 70% (year-on-year) to £46.7m.

Northgate have increased their vehicles on hire number by 2,800, with their total currently running at 49,400. They have also attributed some of their increase in profits to lower maintenance costs.

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