Six Reasons to Invest

Six reasons to invest

Investors Summary


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


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


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


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


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


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