Van Elle Holdings鈥� results for the year ended 30 April 2022 show a pre-tax profit of 拢3.6m on record revenue of 拢124.9m (2021: 拢84.4m). In 2021 it lost 拢1.4m before tax and the year before that it lost 拢2.2m.
Over the past year Van Elle has seen significant growth across all divisions, the company said, and had successfully passed on its rising costs to clients.
Chief executive Mark Cutler 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.鈥�
The 2022 results represent the first full year of ScrewFast Foundations being part of the Group, having acquired it on 1 April 2021. ScrewFast annual revenues at time of acquisition were around 拢6m.
Van Elle chairman Frank Nelson said that ScrewFast, a helical piling specialist, had strengthened the group's position in its growth markets, 鈥渘otably highways and energy with significant potential identified in rail and housing鈥�.
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