Van Elle Holdings
plc
('Van
Elle', the 'Company' or the 'Group')
Housing sector contract
award, strategic collaboration and factory
expansion
Van Elle Holdings plc, the UK's
largest ground engineering contractor, announces a contract award,
a new strategic collaboration and completion of an investment in
its precast pile factory.
Contract award and strategic collaboration
The Group has been awarded a scheme
by Keepmoat at the former Boots site in Nottingham, reflecting its
balanced exposure to partnership housing alongside open-market
housebuilding. The scheme is worth up to £3m across several
phases and is the largest single scheme awarded to its Housing
division in the last 12 months. This will be the
15th project over the last three years that Van Elle has
delivered for Keepmoat.
This project will create a blueprint
for a new strategic collaboration between Van Elle and M&J
Evans; the UK's largest groundworker in the housing sector, with a
complementary, national capability. Under the agreement, Van
Elle and M&J Evans will work closely together nationally on a
customer-led basis to offer a more efficient, joined-up delivery
model for housebuilders.
Investment in precast pile factory expansion
The Group also announces it has
completed a capacity expansion project at the precast pile factory
at its headquarters in Kirkby in Ashfield, Nottinghamshire.
The expanded factory, which is capable of 24-hour manufacturing and
utilises low carbon blended concrete mixes, sits alongside the
Smartfoot precast beam factory. This investment increases
production capacity by over 30%, positioning the business well to
benefit from the expected growing demand in the housing sector over
the mid-term.
Chief Executive Officer, Mark Cutler
commented:
"We are encouraged by the new
Government's commitment to accelerate the delivery of newbuild
housing. We are ready to support incremental demand with our
expanded capacity and breadth of expertise, including our precast
modular Smartfoot foundation solution, which offers proven benefits
compared to traditional methods. Although we anticipate
housebuilding volumes to remain subdued in the immediate future,
orders in Housing for the year to date are up 20% compared to last
year. We believe the Company is well positioned to play a
leading partner role with a range of blue-chip customers, with whom
we enjoy high levels of repeat business."
For
further information, please contact:
Van
Elle Holdings plc
Mark Cutler, Chief Executive
Officer
Graeme Campbell, Chief Financial
Officer
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Via
Walbrook
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Peel Hunt LLP (Nominated Adviser and corporate
broker)
Ed Allsopp
Charlotte Sutcliffe
Tom Graham
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Tel: 020 7418 8900
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Walbrook PR Limited
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Tel: 020 7933 8780
or
vanelle@walbrookpr.com
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Tom Cooper
Nick Rome
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07971 221 972 or 07748 325
236
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About Van Elle Holdings plc:
Van Elle Holdings is the UK's
largest specialist geotechnical engineering contractor. Formed in
1984 and listed on AIM in 2016, the Company provides a wide range
of ground engineering techniques and services including ground
investigation, general and specialist piling, rail geotechnical
engineering, modular foundations, and ground improvement and
stabilisation services.
Van Elle operates through three
divisions: General Piling, Specialist Piling and Rail, and Ground
Engineering Services; and is focused on diverse end markets
including residential and housing, infrastructure and regional
construction - across which the Group has completed more than
20,000 projects over the last 40 years. The Company acquired
ScrewFast Foundations Limited in April 2021 and Rock & Alluvium
Limited in November 2023.