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TLS Rental closes

By / 11 years ago / Latest News / No Comments

In a statement, the company said: ‘The decision was not taken lightly and came after extensive consultations with staff and equally exhaustive consideration of all viable alternatives.

‘TLS experienced a dramatic reduction in business during the general economic downturn and, despite extensive efforts over the last two years, has been unable to sustain sufficient scale to remain a viable and ongoing concern. While unfortunate, the decision taken is aligned with the GE’s global strategy to shrink GE Capital’s global balance sheet and invest in higher-performing businesses with scale, including those in the UK.’

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