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Van Elle issues another profit warning
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Van Elle is the UK's largest ground engineering contractorVan Elle Holdings has issued a trading update for the year ending 30th April 2026 ahead of its annual general meeting this week.
It said that expected market improvements had yet to materialise, with spending constraints and delays to contract starts across all sectors.
Approvals for high-rise residential buildings remains a particular sticking point because of Building Safety Regulator approval delays.
This is Van Elle’s second profit warning in the current calendar year, having also issued one in March ahead of its 2025 financial year results.
In July Van Elle Holdings reported a pre-tax profit of £3.0m for the year to 30th April 2025, down from £5.8m the previous year, on revenue down 6% at £130.5m (2024: £139.1m).
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