Van Elle Holdings Reports Modest Revenue Dip Amid Sector-Wide Headwinds

Van Elle Holdings plc (LSE:VANL) has posted a 4% year-over-year revenue decline for the fiscal year ending April 2025, reflecting ongoing challenges in the construction sector and delays in project approvals—particularly those affected by the implementation of the Building Safety Act. Despite the drop in top-line performance, the company preserved stable gross margins and enacted effective cost-control initiatives, supporting an expected underlying pre-tax profit of £3.5 million.

Van Elle’s financial position remains healthy, supported by ample liquidity and a strong pipeline of secured contracts. These factors, coupled with an expanding order book, provide a solid foundation for future growth. The company also broadened its service capabilities and established new relationships in the energy and water infrastructure sectors, aligning its operations with the UK Government’s investment priorities in critical national infrastructure.

From a market perspective, Van Elle’s performance reflects both strengths and challenges. While valuation metrics remain favorable and the financial profile is stable, the impact of delayed project starts and subdued revenue growth continues to weigh on near-term sentiment. Technical indicators point to potential overbought conditions, warranting investor caution, though recent strategic developments and insider activity highlight ongoing confidence in the company’s long-term direction.

About Van Elle Holdings plc

Founded in 1984 and listed on the AIM market since 2016, Van Elle Holdings is the UK’s leading specialist in geotechnical engineering. The company delivers a comprehensive range of ground engineering services, including ground investigations, general and specialist piling, rail geotechnical solutions, modular foundation systems, and ground improvement works. Operating through three main divisions—General Piling, Specialist Piling and Rail, and Ground Engineering Services—Van Elle serves a wide array of sectors, from residential construction to major infrastructure and regional development projects.