Equipment hire specialists Vp announced today that their pretax profits have shot up 55 per cent to £12.1 million, for the year ending September 2007.
The group also saw revenue shoot up 24 per cent to £76 million.
The company credited their resilience and continued growth to their broad spectrum of interests.
Company managing director Neil Stothard said: “We operate in lots of different fields, including construction, housebuilding and rail. And while construction has been doing well recently, rail has not.
“This is not just a problem for Vp. Everyone who’s made announcements about the sector has said the same thing.
“Network Rail’s decision to reduce its suppliers from six to four has led to a lot of uncertainty. And Metronet’s collapse also led to problems.”
The company said it had made capital investment of £24 million, much of it on new equipment.