VP (VP.): Brandon Hire Station repositioning
This situation live
VP. VP
27 Nov 2025 · Announced; execution under way · −5% until the next step
These changes, which will require careful execution, will be materially complete by the end of the current financial year
11 Feb 2026 · Good progress; branches cut to 41, c.400 headcount reduction · +0% until the next step
We remain on track to materially complete the transformation programme at Brandon by 31 March.
17 Apr 2026 · Materially completed, in line with expectations · −4% until the next step
The exceptional transformation programme to reposition Brandon Hire Station is materially completed with branch numbers and headcount reduced as planned, delivering efficiency and utilisation benefits
10 Jun 2026 · Restructure complete; benefits expected in FY27 · +12% until the next step
This change in operating model is expected to deliver a cash payback of 4 years.
12 Oct 2026 · Restructure done; performance improving, exceptional costs booked · +0% since
Performance in the Group’s Brandon Hire Station division has improved following last year’s restructure, despite continued challenges in the General Construction market.
Brandon Hire Station repositioning
Restructure done; performance improving, exceptional costs booked
NOV25
Next: further details at interim results in 32 days
Every step · 5
- 27 Nov 2025 Announced; execution under way – These changes, which will require careful execution, will be materially complete by the end of the current financial year ↗
- 11 Feb 2026 Good progress; branches cut to 41, c.400 headcount reduction – We remain on track to materially complete the transformation programme at Brandon by 31 March. ↗
- 17 Apr 2026 Materially completed, in line with expectations – The exceptional transformation programme to reposition Brandon Hire Station is materially completed with branch numbers and headcount reduced as planned,... ↗
- 10 Jun 2026 Restructure complete; benefits expected in FY27 – This change in operating model is expected to deliver a cash payback of 4 years. ↗
- 12 Oct 2026 Restructure done; performance improving, exceptional costs booked – Performance in the Group’s Brandon Hire Station division has improved following last year’s restructure, despite continued challenges in the General... ↗
What is happening
VP: Brandon Hire Station repositioning – Restructure done; performance improving, exceptional costs booked. ['Restructure done; performance improving, exceptional costs booked']
- In short
- Brandon Hire Station was cut to about 40 branches, with c400 jobs lost, from November 2025 and the consumer market exited. Benefits were expected in FY27. The October 2026 update says performance has improved, though General Construction remains hard. Restructure exceptional costs fall in this year.
- Announced
- 27 Nov 2025 · Announced; execution under way
- Latest
- 12 Oct 2026 · Restructure done; performance improving, exceptional costs booked
- Progress
- Brandon Hire Station performance has improved following last year's restructure
- Exceptional costs
- Some restructure-related exceptional costs recognised in this financial year, as expected
- Market
- General Construction market challenges continue
- Next milestone
- Interim results on 25 November 2026
What comes next
further details at interim results (25 Nov 2026).
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