212:
Interim results for the year to 31 October 2017, showed the firm made an underlying pre tax profit of £5.4m on turnover of £52.6m. In
January 2019, Van Elle reported pretax profits down 54% to £2.4m as turnover fell 18% to £42.9m in the six months to 31 October 2018, with its CEO blaming Carillion's
197:
During the dispute, the company faced questions after it wrote off more than £330,000 of work building a new house for Fenton (who announced he would be stepping down from the company due to a family illness), while Ellis accused Van Elle directors of making personal attacks ahead of a shareholders'
193:
Ellis retired the following
December, but remained a shareholder in the company. In 2017, delays in rail projects caused turnover to drop. In November 2017, Ellis started an attempt to remove the company's chief executive Jon Fenton and a senior independent director, Robin Williams, citing concerns
221:
caused Van Elle to declare a loss of £700,000 for the six months to 31 October 2020, with revenues down over 20% to £38.3m. In the year to April 2021, the firm reported a pre-tax loss of £1.4m, following its £2.2m loss in 2019, with revenues stable at £84m. However, the company returned to
178:
The company was founded in 1984, by structural engineer
Michael Ellis. In the year to 30 April 2015, Van Elle’s turnover rose 57% from 2014's £46m to £72.5m for the year to April 2015. Profit more than tripled, from £2.8m to £9m, and headcount grew from around 300 to over 400.
216:
Results for the year to 30 April 2019 showed a 56.5% fall in pre tax profits (to £4m from £9.2m) as turnover dropped from £103.9m to £88.5m; during the year, the company's share price fell from 82p to 35p, valuing the company at £29m. The 2020-2021
845:
855:
414:
201:
At the shareholders meeting, Ellis's bid to return to the board was rejected. In
January 2018, the company warned it would potentially lose £1.6 million as a result of the collapse of
840:
600:
860:
850:
265:
213:
collapse for the profit slump. Two further profit warnings followed as its share-price halved ahead of its annual results announcement in July 2019.
471:
445:
209:. Van Elle also reported uncertainty relating to £2.5m worth of future work for Network Rail, with a potential impact on future financial results.
835:
218:
422:
753:
549:
675:
649:
805:
388:
225:
In
October 2023, Van Elle strengthened its presence in southeast England through the acquisition of rival firm Rock & Alluvium from
522:
623:
779:
27:
701:
575:
198:
vote in
December on returning him to the board. The board rebutted Ellis's criticism, accusing him of damaging the company.
314:
183:
167:
248:
497:
865:
726:
339:
365:
190:, achieving a market capitalisation of £80m. Van Elle was forecasting revenues for 2016 approaching £85m.
366:"Piling contractor Van Elle is taking a small hammering itself from delays in rail sector contract starts"
69:
37:
187:
164:
51:
287:
160:
152:
148:
97:
65:
829:
446:"Founder steps up war of words with Van Elle board ahead of crucial shareholder vote"
226:
45:
206:
55:
266:"Van Elle in negotiations to buy 'several companies' following stock market float"
194:
about the company's management, departures of key staff and financial forecasts.
601:"Derbyshire company warns of 'adverse financial impact' after Carillion collapse"
498:"Founder of Notts ground engineer Van Elle in boardroom battle to regain control"
415:"Former chairman attacks Van Elle over £330,000 bill for chief executive's house"
114:
202:
26:
156:
846:
Construction and civil engineering companies of the United
Kingdom
856:
Construction and civil engineering companies established in 1984
163:, in the United Kingdom. It is listed on the sub market of the
129:
205:, for whom it was working as a subcontractor on projects for
754:"Van Elle eyes return to profit after second year of losses"
676:"Piling specialist Van Elle issues another profit warning"
389:"Van Elle faces boardroom battle as founder seeks return"
806:"Van Elle buys piling rival Rock and Alluvium for £3.8m"
523:"Van Elle shareholders shut down Ellis' bid to return"
387:
Williams, Christoper; Tovey, Alan (11 November 2017).
124:
112:
104:
93:
75:
61:
43:
33:
624:"Van Elle reveals full cost of Carillion collapse"
650:"Van Elle boss blames Carillion for profit slump"
222:profitability in the half year to October 2021.
182:In October 2016, the company was floated on the
780:"Piling specialist Van Elle returns to profit"
702:"Profits halved at piling specialist Van Elle"
576:"Carillion fall-out hits Van Elle and Speedy"
8:
315:"Van Elle raises £40m in stock market debut"
19:
550:"Van Elle founder's bid to return defeated"
472:"Van Elle board slams founder's power play"
413:Williams, Christopher (28 November 2017).
25:
18:
151:and rail infrastructure company based in
470:Garner-Purkiss, Zak (5 December 2017).
251:. Construction Index. 11 December 2017.
249:"Van Elle needs me back, Ellis insists"
243:
241:
237:
841:British companies established in 1984
260:
258:
7:
727:"Covid sends Van Elle into the red"
603:. Derbyshire Times. 18 January 2018
548:Ashwell, Emily (18 December 2017).
444:Torrance, Jack (11 December 2017).
16:British rail infrastructure company
861:Geotechnical engineering companies
851:Companies based in Nottinghamshire
496:Robinson, Dan (12 December 2017).
14:
804:Morby, Aaron (26 October 2023).
778:Morby, Aaron (31 January 2022).
622:Prior, Grant (25 January 2018).
574:Morby, Aaron (16 January 2018).
313:Morby, Aaron (26 October 2016).
752:Morby, Aaron (17 August 2021).
648:Sholli, Sam (17 January 2019).
100:, East Midlands, United Kingdom
836:1984 establishments in England
1:
700:Prior, Grant (24 July 2019).
674:Prior, Grant (19 July 2019).
229:in a deal worth up to £3.8m.
340:"Van Elle founder bows out"
81:; 40 years ago
882:
24:
731:The Construction Index
527:The Construction Index
344:The Construction Index
292:The Construction Index
70:Track (rail transport)
38:Public limited company
810:Construction Enquirer
784:Construction Enquirer
758:Construction Enquirer
706:Construction Enquirer
680:Construction Enquirer
628:Construction Enquirer
580:Construction Enquirer
319:Construction Enquirer
288:"Van Elle's new rigs"
188:London Stock Exchange
165:London Stock Exchange
368:. Construction Index
425:on 28 November 2017
21:
866:Kirkby-in-Ashfield
654:New Civil Engineer
554:New Civil Engineer
529:. 18 December 2017
186:sub market of the
161:Kirkby-in-Ashfield
733:. 20 January 2021
476:Construction News
268:. 19 January 2017
219:COVID-19 pandemic
142:
141:
873:
821:
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467:
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421:. Archived from
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346:. 3 January 2017
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108:£43.1m UK (2016)
89:
87:
82:
29:
22:
20:Van Elle Limited
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880:
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572:
568:
558:
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547:
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532:
530:
521:
520:
516:
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502:Nottingham Post
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271:
269:
264:
263:
256:
247:
246:
239:
235:
176:
153:Nottinghamshire
128:
120:£3.2m UK (2016)
117:
98:Nottinghamshire
85:
83:
80:
66:Deep foundation
48:
17:
12:
11:
5:
879:
877:
869:
868:
863:
858:
853:
848:
843:
838:
828:
827:
823:
822:
796:
770:
744:
718:
692:
666:
640:
614:
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566:
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462:
436:
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331:
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294:. 17 June 2015
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15:
13:
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6:
4:
3:
2:
878:
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834:
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831:
811:
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771:
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755:
748:
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728:
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719:
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227:Galliford Try
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813:. Retrieved
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453:. Retrieved
449:
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427:. Retrieved
423:the original
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348:. Retrieved
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322:. Retrieved
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296:. Retrieved
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270:. Retrieved
224:
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207:Network Rail
200:
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181:
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144:
143:
94:Headquarters
34:Company type
830:Categories
815:27 October
789:31 January
737:20 January
659:17 January
633:25 January
607:21 January
585:16 January
559:21 January
533:21 January
507:21 January
481:21 January
455:21 January
429:21 January
398:21 January
372:21 January
350:21 January
324:21 January
298:21 January
272:21 January
233:References
155:, between
115:Net income
763:17 August
450:Telegraph
419:Telegraph
393:Telegraph
203:Carillion
132:.van-elle
46:Traded as
145:Van Elle
62:Industry
711:24 July
685:19 July
174:History
157:Pinxton
125:Website
105:Revenue
84: (
76:Founded
54::
149:piling
147:is a
817:2023
791:2022
765:2021
739:2021
713:2019
687:2019
661:2019
635:2018
609:2018
587:2018
561:2018
535:2018
509:2018
483:2018
457:2018
431:2018
400:2018
374:2018
352:2018
326:2018
300:2018
274:2018
159:and
86:1984
79:1984
56:VANL
184:AIM
168:AIM
136:.uk
134:.co
130:www
52:LSE
832::
808:.
782:.
756:.
729:.
704:.
678:.
652:.
626:.
578:.
552:.
525:.
500:.
474:.
448:.
417:.
391:.
342:.
317:.
290:.
257:^
240:^
170:.
68:,
819:.
793:.
767:.
741:.
715:.
689:.
663:.
637:.
611:.
589:.
563:.
537:.
511:.
485:.
459:.
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402:.
376:.
354:.
328:.
302:.
276:.
88:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
