News for Tool Hire, Equipment Hire & Plant Hire and Rental Professionals

Vp positive

12 October 2022

Vp positive

Vp has issued a positive trading statement reporting further growth in the first half of its new financial year.

The diverse group which includes Brandon Hire Station states that UK housebuilding and infrastructure activity has been supportive throughout the period, whilst construction market conditions were stable. 

In infrastructure markets, Vp says it has experienced good transmission demand and the AMP7 water programme has picked up during the last few months. It adds that demand has slowed on HS2 as Phase 2 of the project has experienced delays, but general construction was satisfactory, with repair and maintenance remaining positive and new build relatively quiet. 

The group noted that general civil engineering activity is picking up and that housebuilding demand was positive in the first half of the financial year. It also reported an improving picture with regard to cost inflation and supply chain disruption. 

Vp states that, despite the near term uncertainty in the economy, it anticipates reporting a full year result in line with its expectations.

Vp’s businesses include Brandon Hire Station, along with shoring and piling specialist Groundforce; the portable roadway business TPA; safety specialist ESS; mechanical and electrical equipment provider MEP Hire (pictured); Torrent Trackside; UK Forks; worldwide energy equipment supplier Airpac Rental; and the TR Group calibration specialist serving Australasia. 


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