Vp hails positive start despite global market challenges

EQUIPMENT rental specialist Vp has made a positive start to its financial year with key UK markets “performing well” but it said global oil and gas markets continue to be challenging.

The Harrogate-based company said that the UK construction and housebuilding sectors in particular were generating good demand.

Speaking at the company’s AGM, chairman Jeremy Pilkington said: “The international business is enjoying new contributions from the TR Group, which we acquired in April 2016, though as anticipated, the global oil and gas market continues to be challenging.

“The business performance year to date is encouraging and we have not seen any impact to trading post the recent Brexit decision. We anticipate making further good progress this year.”