A Leading UK player
- The UK's largest ground engineering contractor
- Strengthened, experienced Board and senior management team
- Low risk, diverse operating model
- Strong regional presence across the UK
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Differentiated offering
- Full lifecycle capability; from ground investigation to design to construction to test & monitor
- An integrated, in-house approach to complex projects; expertise across 25 specialist techniques offers customers value-engineered solutions tailored to optimal project outcomes
- Highly innovative, offering several unique capabilities
- Leading track record in offsite, modular foundation systems; both in precast concrete and steel
- Significant expertise in highly regulated operating environments such as rail, power and highways
- Diverse customer base with high levels of repeat business
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Attractive Markets
- Delivering first-class ground engineering services across over 1000 projects a year to a wide variety of customers and end markets
- Balanced exposure across UK infrastructure, housing and construction markets
- Buoyant market conditions post-pandemic are aligned to Van Elle capabilities
- Strong customer relationships and high levels of repeat business
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Well-invested and Resourced
- The UK's largest and best invested rig fleet (circa £50m invested over the last six years)
- Over 25 specialist ground engineering techniques
- UK's largest directly employed workforce within ground engineering, with over 600 employees
- Over 5% of employees undergoing an apprenticeship, trainee or professional development route
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Strong financial position
- Strong balance sheet, with low levels of debt and a track record of high levels of cash conversion
- Stable institutional shareholder support
- Platform for sustainable, accretive bolt-on acquisitions
- Access to £11m facility to support future growth
- Valuation underpinned by 120+ rig assets
- Progressive and well covered dividend
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Clear vision and strategy for growth
- Our Vision; to be the leading and most trusted provider of Total Foundation Solutions
- Our Goals; developing trusted partnerships; deploying the best people and assets; perfect delivery of our projects
- Completed phases 1 and 2 of transformation plan
- Delivering against medium term financial targets of; 5-10% annual growth, 7-8% operating profit and 15-20% ROCE
- Organic growth supported by targeted bolt-on acquisitions