A profit warning has been given by Van Elle, the Nottinghamshire ground engineering contractor.
Providing a update for the year ending 30 April 2026 (FY26), the business detailed how challenging trading conditions experienced last year have continued.
Expected improvement across the firm’s core sectors “is yet to materialise,” which has been attributed to spending constraints and delays to contract starts across all sectors, particularly related to Building Safety Act (BSA) approvals for high-rise residential buildings.
Due to these factors, year to date revenues have not increased as expected and as a result, full year trading and profitability is anticipated to be materially below market expectations, and below the prior year.
Van Elle said, however, that the medium-term outlook “remains very positive,” with significant opportunities in the growing energy and water sectors, “where good early progress is being made.”
