REG - Van Elle Holdings - Partnership deal with WS Specialist Logistics

Van Elle HoldingsAnnouncement

Yesterday 07:01

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RNS Number : 7323H  Van Elle Holdings PLC  08 May 2025

 

Van Elle Holdings plc

('Van Elle', the 'Company' or the 'Group')

 

Partnership deal with WS Specialist Logistics

 

Van Elle Holdings plc, the UK's largest ground engineering contractor,
announces a 5-year partnership with WS Specialist Logistics Limited, which
will see WS Specialist Logistics consolidate the Group's heavy haulage
operations. This will include the disposal of Van Elle's in-house HGV fleet
and transfer of its transport management team and directly employed drivers,
into a new division of WS Specialist Logistics dedicated to heavy plant
haulage, which will manage and operate the entire fleet.

 

This partnership will allow Van Elle to reallocate the current capital
employed plus the further planned investment required in the HGV fleet over
the medium term into growth initiatives driving greater returns for
shareholders, whilst improving the utilisation of the ongoing transport
operations and reducing associated corporate administrative costs by
partnering with an industry leading specialist with capacity and neighbouring
facilities to the Group's headquarters in Nottinghamshire.

 

WS Specialist Logistics have paid the Group a total of £2.9m in cash
consideration for the assets being transferred and assumed operational
management from 1 May 2025. As a result of the cash consideration received,
the Group has reduced its funding facility with ABN AMRO from £11m to £8m,
of which approximately £6.5m will remain undrawn after completion.

 

Chief Executive Mark Cutler commented: "This new partnership with WS
Specialist Logistics is a logical initiative for the Group; releasing capital
to invest in areas of greater return as we enter a long-awaited period of
anticipated growth in our core markets. WS Specialist Logistics have been an
excellent partner to the business for several years and we look forward to
drawing on their expertise to further improve our transport operations whilst
keeping the support of our fantastic, loyal in-house transport team and
drivers that perform so well for us 24/7."

 

 

For further information, please contact:

 Van Elle Holdings plc                                         Via Walbrook

 Mark Cutler, Chief Executive Officer

 Graeme Campbell, Chief Financial Officer

 Peel Hunt LLP (Nominated Adviser and Joint Broker)            Tel: 020 7418 8900

 Ed Allsopp

 Charlotte Sutcliffe

 Tom Graham

 Dowgate Capital Limited (Joint Broker)                        Tel: 020 3903 7715

 James Serjeant

 Nicholas Chambers

 Walbrook PR Limited                                           Tel: 020 7933 8780

                                                               or vanelle@walbrookpr.com
 Tom Cooper                                                    07971 221 972

 Nick Rome                                                     07748 325 236

 

 

About Van Elle Holdings plc:

 

Van Elle Holdings is the UK's largest specialist geotechnical engineering
contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a
wide range of ground engineering techniques and services including ground
investigation, general and specialist piling, rail geotechnical engineering,
modular foundations, and ground improvement and stabilisation services.

 

Van Elle operates through three divisions: General Piling, Specialist Piling
and Rail, and Ground Engineering Services; and is focused on diverse end
markets including residential and housing, infrastructure and regional
construction - across which the Group has completed more than 20,000 projects
over the last 35 years.

 

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