U.K. tool and equipment rental group Vp has made a promising start to its new financial year, the company said. The group recently said that in the year to the end of March 2012, revenues jumped to £163.6 million (about U.S. $258.4 million) from £141 million the previous year. The company said the businesses it recently acquired from the Balfour Beatty Group are integrating well and that despite challenging markets, the group is identifying and securing new opportunities.
“This promising start to the new financial year, coupled with the group’s continued balance sheet strength and diversity of activity, provides the board with confidence that Vp will deliver further satisfactory results in the current financial year,” the company said in a statement.
Vp is based in Harrowgate, U.K.