Harrogate-based equipment rental group Vp plc published a trading update for its financial year ended March 31, 2025, saying it recorded a “resilient” performance in FY25 and expects to report a performance in line with market expectations “despite previously reported challenges in certain end markets.”

Vp compiled analyst consensus is for revenue of £371 million and profit “before tax, amortisation and impairment of goodwill, trade names and customer relationships and exceptional items of £37m and pre-IFRS 16 net debt” of £141 million.

“This performance reflects the strengths of both Vp‘s specialist, solutions-based offering, as well as its exposure to a diverse range of end markets,” said Vp.

“The group is making good progress in refreshing and centralising its operating model, assisted by its digital roadmap.

“This isenabling Vp to simplify the way it operates, which will in turn drive efficiency and improve cross divisional working to enhance the customer experience.”

Vp CEO Anna Bielby said: “I am pleased to report a strong performance that continues to demonstrate the resilience of our specialist businesses and end markets, reinforced by improvements made to the group’s operating model.

“While we have seen challenges in some of our markets alongside wider geo-political uncertainty, our clear strategy combined with our strong balance sheet and investment commitments by the UK Government, underpins our ability to continue generating long-term sustainable shareholder returns.”