Vp plc is a specialist equipment rental business providing equipment, people, services and support for specialist projects. It focuses on niche sectors principally in the Infrastructure (38% of Group revenue), Construction (36%), Housebuilding (7%) and Energy (10%) markets in the UK and Overseas.

It has an excellent track record of growth and high returns over many years as well as a 30+ year unbroken dividend record.

10 Oct 2025

Solid H1 performance, confident outlook

Vp has delivered a resilient H1 performance against a backdrop of ongoing market challenges. Full year expectations are reiterated, with improving prospects for Rail and Water in particular.

The Brandon Hire Station recovery plan is on course to complete by the end of the year, and the search is underway for Anna Bielby’s successor as CEO, who will inherit a business in strong shape.

Whilst announcements from sector peers may have taken headlines earlier this week, Vp continues to deliver consistently impressive results and demonstrate its quality.

Vp is a high-quality business with an impressive track record of earnings growth and sector leading returns. We reiterate our 1000p Fair Value estimate (<14x FY27 P/E) and highlight the attraction of a 7% dividend yield.

Download as a PDF file

Return to Vp

Register to be first

Get research on the companies that interest you straight to your inbox

Equity Development is a partner to successful companies looking to enhance their investor relations. Our top-rated analysts produce best in class investment research. Based in London, UK, we help our clients connect with investors via presentations and interviews.

Equity Development Limited 3rd Floor, 80 Cheapside, London, EC2V 6EE

Website design & development by Breckenridge