Ground engineering firm digs for gold with record turnover

Nottinghamshire-based ground engineering firm Van Elle has posted record revenues for the 12 months to April 30.

The firm turned over almost £125m during the period – up from £84.4m last year – in a move that management says demonstrates the “positive progress” the group is making under its transformation strategy, which was launched back in 2019.

Van Elle also swung back into black during the period, posting a profit of before tax of £3.6m, against a loss of £1.4m last in 2021.

Mark Cutler, chief executive, said: “These results are the first to reflect a full year’s trading post Covid and demonstrate the positive progress the group is making under its transformation strategy launched in 2019. Although the sector continues to face several wider challenges, we have significant opportunities ahead to further improve, and momentum has continued into the new financial year. Overall, it is pleasing to see the actions taken over the last three years starting to deliver sustainable results that put us firmly on-track to deliver our medium-term objectives.

“My sincere thanks to our employees, suppliers and customers for their hard work and support over the last year.”