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Van Elle makes Canada u-turn
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International Construction News | Construction Index
Van Elle Canada has a specialist road-rail fleetWhen Van Elle set up Van Elle Canada Inc in 2023, it was primarily to work on the Toronto Metrolinx GO expansion programme – a 10-year, $13.5bn project.
But with delays at Metrolinx and the scope of work being cut back, Van Elle has decided to get out of town.
For the year ended 30th April 2025, Van Elle Canada Inc generated revenue of £3.5m (2024: £402,000) but made a loss of £1.3m, on the back of a £1m loss the previous year.
The Canada foray softened overall group profits for Van Elle Holdings, from £5.8m in financial year (FY) 2024 to £3.0m in 2025.
Summarising the results, Mark Cutler said: “Whilst FY2025 presented challenges, Van Elle succeeded in delivering a resilient performance and continuing to broaden its range of complementary services, both organically and by selective acquisition.
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