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Vp reports ‘good progress’ in challenging times

Equipment rental specialist Vp said it has continued to make good progress since it posted its full year results in June.

The firm said the diversity of markets it serves has enabled them to cope with the more challenging business environment.

Despite a weakening in house building and the rail sector, the firm has benefited from the oil and gas, transmission and utilities markets as they continue to perform well.

Vp said general construction demand remains stable due to ongoing public sector and regulated industry investment.

In its interim management statement today, it added: “Overall the business has made a good start to the new financial year. Whilst we remain alert to individual markets, we believe that our diversity across specialist markets is a key strength of the group.

“We remain confident of delivering further progress in the current financial year.”