Property & Construction

Van Elle Holdings PLC

  • Market Cap (£m) #N/A
  • Listing AIM

Analysts

Company Descriptions

Van Elle Holdings is the UK’s largest specialist geotechnical engineering contractor. Formed in 1984 and listed on AIM in 2016, services include general and specialist piling, rail geotechnical engineering, modular foundations and ground investigation and improvement. Markets include residential, infrastructure and diversified regional construction. The group acquired ScrewFast Foundations in 2021 and Rock & Alluvium in November 2023. In FY23, it established a rail business in Canada.

Investment Summary

As a ground engineering and foundations specialist, Van Elle is at the ‘front end’ of the construction process and, in our view, will be among the first companies to benefit from national priorities of housebuilding and investment in creaking water and energy transmission sectors, all of which the group has targeted for growth. These sectors should be supported by the Labour government, which has pledged 1.5 million new homes and aims to speed up planning of housing and infrastructure.

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Company Management Team

  • Mark Cutler

    CEO

    Mark joined Van Elle in August 2018. He is a graduate of Imperial College, London and a chartered civil engineer with more than 30 years experience in the infrastructure, construction and utility sectors. Mark held senior leadership roles with major UK contractors including 15 years with Carillion prior to joining Morgan Sindall in 2005 as Managing Director of the infrastructure division Morgan Est. Mark was subsequently Chief Executive of Barhale from 2010 to 2014 before joining Balfour Beatty in 2015 to lead the UK regional business and latterly the Balfour Beatty VINCI joint venture for High Speed 2.

  • Graeme Campbell

    CFO

    Graeme joined Van Elle in February 2020 from Severfield plc where he was Group financial controller. Prior to that he was with ASX listed engineering services company Engenco in Australia, where he was CFO and Company Secretary for four years. Prior to this Graeme held senior financial roles at Shepherd Group and Premier Farnell. A chartered accountant and FCA qualified, he trained with PWC and is a mathematics graduate of Imperial College, London.