Record financial results for Van Elle


Van Elle has reported record revenue in its latest financial results. 

Van Elle
Credit: Van Elle.

The construction engineering company in Nottinghamshire saw turnover of £148.7 million for the year ended 30 April 2023. 

That result marks growth of 19% when compared with the previous financial year (FY2022 £124.9 million).  

The company said this was due to “increased activity levels” across all its divisions. 

It also recorded increased pre-tax profit of £5.4 million, up from £3.6 million in FY2022. 

The Group delivered an improved operating margin of 3.9% (FY2022 3.5%). 

Operating profit was up by 34% to £5.9 million, against £4.4 million in the previous year.  

It said its operating profit result was driven by higher margins in general piling and an “increased contribution” from ground engineering services. 

The Group also has a strong pipeline in the energy transmission and distribution sector. 

Its order book (at 30 April 2023) was valued at £30.8 million (FY2022 £39 million). 

The Group’s total dividend for the year was 1.2p, against 1p in FY2022. 

“I am delighted to report a strong set of results, building on last year’s excellent progress as we emerged from the pandemic,” said Mark Cutler, chief executive. 

“The actions taken over the last three years are starting to deliver sustainable results that put us firmly on track to deliver our medium-term financial objectives.” 

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