Van Elle Holdings Plc (LON:VANL) is the topic of conversation when Co Fund Manager Gervais Williams of Premier Miton Investors caught up with DirectorsTalk for an exclusive interview to discuss the UK listed market and some of his holdings in Miton UK MicroCap Trust plc.
DirectorsTalk asked: Van Elle Holdings plc is a ground engineering contractor and involved in a variety of markets including new build housing and motorway safety works but they’re now also targeting rail infrastructure. How is the company performing at the moment?
Gervais Williams commented:
“The company has invested hard over the years and they do have a strong position. If anything, they’re struggling a little bit because there’s going to be fewer smart motorway contracts going forward and that was a part of their business. As you say, they’ve got the rail business which is likely to continue to expand and housing activity is a little slower.
The overall effect is Van Elle is to continue to generate very good cash, it’s got a very strong balance sheet and we think those factors are going to be important, not just in sustaining the business but actually growing into the future.
So, I think it’s slowing a bit in the short term relative to recent expectations but it’s still a very well positioned business for the future, in our view.”
Van Elle is the UK’s largest ground engineering contractor, offering end-to-end capabilities across residential, infrastructure and construction.
