Winter of content for VP group

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Vp, the equipment rental group, said it has traded well through the winter period despite the uncertain outlook for the economy.

As a result it expects to report full year profits “moderately ahead” of current market expectations.

The Harrogate-based company said that while the overall economic background remains difficult, the group is making good progress.

Vp said it has seen generally stable trading conditions across the diverse range of markets that it serves.

It said that the housebuild, rail, infrastructure and oil and gas sectors have held up particularly well and the group has continued to invest in these areas when opportunities have come up.

It said that by contrast the general construction market has remained subdued.

Vp provides products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry.

It operates primarily within the UK, but also overseas.

The group is focused on six businesses.

Its Airpac Bukom Oilfield Services provides equipment and services to the international oil and gas exploration and development markets.

Groundforce offers excavation support systems and specialist products for the water, civil engineering and construction industries.

Hire Station provides tools and specialist products for industry, construction and home owners.

Torrent Trackside hires out infrastructure equipment and services for the railway renewals and maintenance industry.

TPA provides portable roadways and UK Forks hires out rough terrain equipment.