Vp reports post-referendum progress

By Helen Wright27 July 2016

Vp's Groundforce division rents shoring and trenching equipment.

Vp's Groundforce division rents shoring and trenching equipment.

UK rental specialist Vp said it has not seen any impact to trading post the recent Brexit decision – the UK’s referendum vote in June to leave the EU.

In a brief statement following its AGM, Vp chairman Jeremy Pilkington said the company had experienced a positive start to the financial year.

“In the UK, the key markets are generally performing well, with construction and housebuilding in particular generating good demand.

“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."

Vp consists of six operating divisions: Groundforce, UK forks, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside and TPA.

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