Good start to the year for Vp

The Harrogate-based company said today: “This promising start to the new financial year, coupled with the group’s continued balance sheet strength and diversity of activity, provides the board with confidence that Vp will deliver further satisfactory results in the current financial year.”

The group recently said that in the year to the end of March 2012, profits before tax, exceptional items and amortisation rose to £16m from £13.8m a year earlier, while revenues surged to £163.6m from £141m.

Last month, the group announced the purchase of two equipment rental businesses from Balfour Beatty for £4m.

Today Vp said the businesses are “integrating well” within Vp, adding: “Despite challenging markets, the group continues to identify and secure new opportunities.”