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Allen is planning to open about 20 new tool hire outlets this year.

YJL is acquiring the contracting and property development business of Allen for £1m, and has also announced plans to change its name to Montpellier Group.

Allen has acquired the assets of New Mills Tools Hire Company, through its Speedy Hire Centres division, for £0.2m, in order to increase coverage in the north west.

Allen has sold its remaining housebuilding operations to Morris for £24m, in order to focus on tool hire.

Allen has sold its 82% stake in Sheet Piling (UK) to management for £1.2m, in order to focus on its core contracting business.

Allen has sold Speedy Scaffolding to a management team for £2.1m.

Allen has acquired Targett Power Equipment Services of Scunthorpe and Hire Easy of Kent for under £1m, in order to expand the geographical coverage of its tool hire business.

Allen is to acquire the building and civil engineering business of Eve Group for £1.25m.

Allen has bought the Rentall tool-hire company for £1.5m.

Allen has bought two Scottish plant hire companies: Capital Plant Hire and Broty Tool Hire, for £429k.