For the six months ended 30th September 2017 Vp reported pre-tax profit up 15% to 拢20.3m (2016: 拢17.7m) and revenues of 拢136.0m, 12% up on last year鈥檚 拢121.7m.
And there looks to be more growth ahead with the acquisitions made this year.
In April Vp purchased Jackson Mechanical Services for 拢3.6m and Zenith Survey Equipment for 拢3.85m cash plus assumed debt of 拢2.3m.聽 Both businesses have sinces been integrated into the respective specialist activities within Hire Station.
More recently, this month Vp took over Brandon Hire Group for 拢41.6m cash plus debt of 拢27.2m. It also bought First National, a specialist rough terrain forklift rental business, for 拢900,000 and debt of 拢800,000. The latter is being integrated into Vp鈥檚 UK Forks business.
Chairman Jeremy Pilkington said: "Vp has again delivered an excellent set of results for the half year.聽 The UK market remains strong, and whilst there is some uncertainty around the implications that Brexit will have on the UK, the day-to-day demand continues to be highly positive.鈥�
He added: 鈥淎 significant post-period highlight was the successful acquisition of Brandon Hire and this, coupled with the organic opportunities available elsewhere within the group, encourages the board to look forward to the second half of the year and beyond with every confidence.鈥�
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