Final results for the year to 31 March 2025 show pre-tax profits were up to £21.7m from £2.8m last time on increased turnover of £380m from £369m.

Specialist construction and water and transmission work were the star performers while a slower start to Network Rail’s Control Period 7 continued to drag down performance.

The firm said: “During the year, investment has been focussed on specialist construction where a clearer market opportunity exists and where returns have been strongest.

“Our divisions provide specialist assets (examples being highly technical survey and scanning equipment, press fit tools and access equipment) to niche end markets with a particular focus on site redevelopments, commercial fit outs and ‘clean rooms’ in data centres, food and beverage and pharma.

“During FY 2024/25, the group has enjoyed good market activity levels, which are expected to continue, particularly in London where we have supported a number of major projects.”

Anna Bielby, Chief Executive Officer of Vp, said: “We have delivered a resilient performance against a period of varied economic and geopolitical headwinds, with our diverse and increasingly collaborative specialist businesses driving sector leading returns.

“During the year, we continued to make changes to our operating model to capitalise on growth opportunities, including the centralisation of operations and the launch of Vp Rail.

“Vp has entered the new financial year in a solid position, with strong early momentum in Infrastructure and specialist construction. While we are encouraged by the UK Government’s revitalisation initiatives in Housebuilding, Construction and Infrastructure projects, it is important that we get clarity and certainty around these from the timely publication of its long-term industrial strategy.”